Kirkland & Ellis claimed the top spot in fund formation rankings, advising on a massive $57.2 billion in total fundraising. The Chicago-based law firm dominated both value and volume metrics, according to Infrastructure Investor data, handling an impressive slate of new fund launches across private markets.

The firm guided 25 unlisted funds to market, demonstrating strength across multiple alternative investment categories. This performance reflects the intense competition among legal advisors for lucrative private equity and infrastructure fund mandates, where fee structures can generate substantial revenue.

Kirkland's leadership comes amid booming private markets activity, with institutional investors pouring capital into unlisted vehicles seeking diversification and returns. The firm's broad platform across private equity, real estate, and infrastructure likely contributed to this market-leading position.

The results underscore how legal advisors with deep private markets expertise capture disproportionate market share during fundraising surges. Kirkland's performance signals continued momentum in alternative investments despite broader economic uncertainty.