Simpson Thacher & Bartlett has advised on the creation of the world’s largest-ever private equity fund, Blackstone’s $15.6bn (£8.5bn) fifth general corporate fund, as this year’s run of mega-funds continue.

Simpson Thacher corporate partner Michael Wolitzer led the team assisted by employment partner Brian Robbins and tax partner John Hart. The elite Wall Street firm has strong links with the buy-out giant and has advised it on the majority of its fundraisings and corporate transactions.