US funds have dominated fundraising in the third quarter of this year, raising $41.1bn against the $8.3bn raised by funds in Europe, according to data provider Preqin.

A total of 37 funds focusing on investments in the US have raised $41.1bn, while 21 European funds have managed to raise a combined $8.3bn. Blackstone's sixth fund, which closed on $13.5bn, significantly boosted third quarter numbers, while the largest European fund to close this quarter was Pantheon's fourth secondary fund at $2.1bn.