NEW YORK – Troutman Pepper Locke’s Private Equity, Emerging Company and Venture Capital, Corporate, and Mergers and Acquisitions practices achieved improved standings and continued strong results in the Q3 2025 global league table rankings released by The Deal, PitchBook, and LSEG (formerly Refinitiv).
Notably, Troutman Pepper Locke rose five spots in The Deal’s Private Equity League Tables, moving from No. 36 in Q2 to No. 31 in Q3. The firm also climbed three spots in PitchBook’s U.S. Private Equity Deals report, rising from No. 23 to No. 20 in the most active law firms in PE deals by geography, and advanced six places in PitchBook’s Health Care sector activity rankings, from No. 18 to No. 12.
“The step-up in our Q3 rankings demonstrates the impact of our combined platform, delivering measurable results across practices while accelerating in private equity and key sectors like energy and health care,” said Paul Mahoney, leader of Troutman Pepper Locke’s Private Equity and Investment Funds Practice. “These achievements underscore our unwavering commitment to client service, delivering exceptional counsel, and building a robust platform that our clients can rely on for their most significant transactions and investments.”
The Deal | Q3 2025 Private Equity League Tables
#31 Private Equity Law Firm
PitchBook | Q3 2025 Global League Tables
Private Equity Deals
Geography
#20 Most Active in U.S.
U.S. Regions
#15 Most Active in the Southeast
#14 Most Active in the Mid-Atlantic
#8 Most Active in the South
#8 Most Active in New England
Sector
#13 Most Active in Energy
#12 Most Active in Health Care
#25 Most Active in IT
Representing
#18 Most Active in U.S. Investors
Venture Capital
#22 Most Active in the Mid-Atlantic
#8 Most Active in HC Devices & Supplies
M&A
#25 Most Active in U.S. Investors
#22 Most Active in U.S. Companies
LSEG | Q3 2025 Global Private Equity and Venture Capital Review
Advisors to Company: All Private Equity Stages Based on Round Value
#14 Ranked Firm
Advisors to Company: Americas: All Private Equity Stages Based on Round Value
#12 Ranked Firm
Advisors to Company: LBO & Related Rounds Based on Round Value
#11 Ranked Firm
Advisors to Company: LBO & Related Rounds Based on Number of Rounds
#22 Ranked Firm
Advisors to Company: Venture Capital Rounds Based on Number of Rounds
#21 Ranked Firm
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s Private Equity and Investment Funds Group regularly handles middle market transactions for private equity clients alongside strategic deals for Fortune 100 corporations. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling. The firm has a strong focus in the private equity and private fund services space, advising clients on matters including fund formation, growth equity investments, leveraged buyouts, recapitalizations, and exit transactions.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.