Largest private equity funds in Maryland
The 50 private equity funds based in Maryland reporting the most capital raised on their latest Form D. Amount raised is cumulative sales, not current assets.
Fund
First sale
Raised
Investors
Minimum
Offering
JMI Equity Fund XII-B, L.P.
Baltimore, MD
First saleJul 2025
Raised$2.9B
Investors141
Minimum$30K
Offering506(b)
JMI Equity Fund XII-A, L.P.
Baltimore, MD
First saleJul 2025
Raised$2.9B
Investors164
Minimum$50K
Offering506(b)
StepStone VC Secondaries Fund VII ND LP
Owings Mills, MD
First sale—
Raised$1.8B
Investors0
MinimumNone set
Offering506(b)
StepStone VC Secondaries Fund VII-K LP
Owings Mills, MD
First saleJun 2026
Raised$1.8B
Investors1
Minimum$40.0M
Offering506(b)
StepStone VC Secondaries Fund VII-I LP
Owings Mills, MD
First saleJun 2026
Raised$1.8B
Investors1
Minimum$86.0M
Offering506(b)
StepStone VC Secondaries Fund VII LP
Owings Mills, MD
First saleApr 2026
Raised$1.8B
Investors194
Minimum$20K
Offering506(b)
Artemis Real Estate Partners Healthcare Fund III, L.P.
Chevy Chase, MD
First saleJun 2025
Raised$1.2B
Investors16
MinimumNone set
Offering506(b)
StepStone VC Secondaries Fund VII-M LP
Owings Mills, MD
First saleApr 2026
Raised$1.0B
Investors183
MinimumNone set
Offering506(b)
StepStone VC Global Partners XII (Lux Feeder) SCSp, SICAV-RAIF
Owings Mills, MD
First saleJun 2025
Raised$834M
Investors4
Minimum$10K
Offering506(b)
StepStone VC Global Partners XII (Lux) SCSp, SICAV-RAIF
Owings Mills, MD
First saleJun 2025
Raised$834M
Investors1
Minimum$100M
Offering506(b)
StepStone VC Global Partners XII ND (Cayman) LP
Owings Mills, MD
First sale—
Raised$834M
Investors0
MinimumNone set
Offering506(b)
StepStone VC Global Partners XII ND LP
Owings Mills, MD
First sale—
Raised$834M
Investors0
MinimumNone set
Offering506(b)
StepStone VC Global Partners XII (Cayman) LP
Owings Mills, MD
First saleApr 2025
Raised$834M
Investors34
Minimum$100K
Offering506(b)
StepStone VC Global Partners XII LP
Owings Mills, MD
First saleApr 2025
Raised$834M
Investors131
Minimum$10K
Offering506(b)
Northlane Capital Partners III LP
Bethesda, MD
First saleMar 2024
Raised$425M
Investors66
MinimumNone set
Offering506(b)
Albion Platform Intermediate Holdings LLC
Rockville, MD
First saleOct 2025
Raised$300M
Investors30
MinimumNone set
Offering506(b)
Ignium II, LP
Rockville, MD
First saleMar 2025
Raised$286M
Investors17
MinimumNone set
Offering506(b)
Caro Real Estate Credit Fund, L.P.
Chevy Chase, MD
First saleOct 2025
Raised$262M
Investors10
Minimum$5.0M
Offering506(b)
Brown Advisory Global Focus Onshore Fund, L.P.
Baltimore, MD
First saleJun 2020
Raised$236M
Investors160
MinimumNone set
Offering506(b)
Savano Capital Partners IV, L.P.
Baltimore, MD
First saleMay 2024
Raised$218M
Investors186
MinimumNone set
Offering506(b)
Brown Advisory Investors 2026 - Venture Capital Feeder Fund - AI, LLLP
Baltimore, MD
First saleMay 2026
Raised$190M
Investors257
MinimumNone set
Offering506(b)
Kinetic Broadband Opportunity Fund, L.P.
Chevy Chase, MD
First saleSep 2023
Raised$142M
Investors35
Minimum$100K
Offering506(b)
BDT & MSD Senior Lending - Brown Advisory Founders (TE), LLLP
Baltimore, MD
First saleNov 2025
Raised$125M
Investors165
MinimumNone set
Offering506(b)
StepStone VC Aspen LP
Owings Mills, MD
First saleJan 2026
Raised$114M
Investors1
MinimumNone set
Offering506(b)
Brown Advisory Investors Si International LLLP
Baltimore, MD
First saleNov 2020
Raised$78.2M
Investors22
MinimumNone set
Offering506(b)
Brown Advisory Private Equity Partners 13 (Q), LLLP
Baltimore, MD
First saleMar 2025
Raised$66.2M
Investors153
MinimumNone set
Offering506(b)
BDT & MSD Senior Lending - Brown Advisory Founders, LLLP
Baltimore, MD
First saleNov 2025
Raised$65.0M
Investors128
MinimumNone set
Offering506(b)
Brown Advisory Investors 2026 - FFG IV, LLLP
Baltimore, MD
First saleApr 2026
Raised$57.0M
Investors133
MinimumNone set
Offering506(b)
Energy Catalyst Fund I LP
Bethesda, MD
First saleAug 2025
Raised$50.0M
Investors5
Minimum$5.0M
Offering506(b)
Cambium Capital Partners III LP
Highland, MDEmerging
First saleMar 2025
Raised$49.7M
Investors73
MinimumNone set
Offering506(b)
StepStone Micro Growth Equity Partners V (Cayman) LP
Owings Mills, MDEmerging
First saleAug 2025
Raised$43.5M
Investors5
Minimum$1.0M
Offering506(b)
Independent Access Partners Infrastructure Fund I, LLC
Hunt Valley, MDEmerging
First saleFeb 2022
Raised$41.9M
Investors193
Minimum$100K
Offering506(b)
Neptune InvestCo, LLC
Towson, MDEmerging
First saleAug 2026
Raised$39.3M
Investors15
MinimumNone set
Offering506(b)
StepStone Micro Growth Equity Partners V LP
Owings Mills, MDEmerging
First saleAug 2025
Raised$39.0M
Investors21
Minimum$10K
Offering506(b)
OneWell LMM PE Fund I, LP
North Bethesda, MDEmerging
First saleMar 2026
Raised$37.5M
Investors11
MinimumNone set
Offering506(b)
BroadOak Income Fund, L.P.
Bethesda, MDEmerging
First saleJan 2025
Raised$35.8M
Investors4
MinimumNone set
Offering506(b)
MSI InvestCo, LLC
Towson, MDEmerging
First saleSep 2021
Raised$34.8M
Investors20
MinimumNone set
Offering506(b)
Brown Advisory Investors 2026 - Venture Capital Feeder Fund - T, LLLP
Baltimore, MDEmerging
First saleDec 2025
Raised$33.9M
Investors93
MinimumNone set
Offering506(b)
Brown Advisory Venture Capital Partners 4, LLLP
Baltimore, MDEmerging
First saleNov 2023
Raised$32.1M
Investors65
MinimumNone set
Offering506(b)
TNS Splitter II, LLC
Towson, MDEmerging
First saleNov 2021
Raised$31.9M
Investors9
MinimumNone set
Offering506(b)
Brown Advisory Real Estate Partners 5 (B), LLLP
Baltimore, MDEmerging
First saleMay 2023
Raised$30.8M
Investors149
MinimumNone set
Offering506(b)
Brown Advisory Investors 2026 - VC Feeder Fund - AI 2, LLLP
Baltimore, MDEmerging
First saleAug 2026
Raised$29.9M
Investors105
MinimumNone set
Offering506(b)
Helmsman Member, LLC
Bethesda, MDEmerging
First saleSep 2025
Raised$26.9M
Investors32
MinimumNone set
Offering506(b)
Brown Advisory Investors 2026 - AI GPE XI, LLLP
Baltimore, MDEmerging
First saleFeb 2026
Raised$25.5M
Investors9
MinimumNone set
Offering506(b)
Brown Advisory Private Equity Partners 14 (Q), LLLP
Baltimore, MDEmerging
First saleApr 2026
Raised$24.0M
Investors53
MinimumNone set
Offering506(b)
Brown Advisory Private Income Partners 5, LLLP
Baltimore, MDEmerging
First saleSep 2024
Raised$23.4M
Investors74
MinimumNone set
Offering506(b)
Brown Advisory Investors 2026 - HIG Infrastructure II, LLLP
Baltimore, MDEmerging
First saleSep 2026
Raised$22.8M
Investors67
MinimumNone set
Offering506(b)
StepStone VC Blockchain II, L.P.
Owings Mills, MDEmerging
First saleJul 2025
Raised$22.3M
Investors57
MinimumNone set
Offering506(b)
Brown Advisory Private Income Partners 5 (TE), LLLP
Baltimore, MDEmerging
First saleSep 2024
Raised$22.1M
Investors83
MinimumNone set
Offering506(b)
Independent Access Partners Venture Fund II, LLC
Hunt Valley, MDEmerging
First saleSep 2025
Raised$21.7M
Investors114
MinimumNone set
Offering506(b)