Shizuo Kambayashi / AP

This has been a record-breaking few weeks for private equity, in terms of new capital formation. And not just that $100 billion global tech fund from SoftBank.

Why it matters: The last time we saw massive fundraising like this, the global economy had peaked. Investors just didn't know it yet.

Since the beginning of April, we've seen:

  • The largest global PE fund ever raised: SoftBank Vision Fund, $93 billion (total target $100 billion)
  • The largest Europe-based PE fund ever raised: CVC Capital Partners, €16 billion
  • The largest Asia-focused fund ever raised: KKR Asia III, $9.3 billion
  • The largest U.S.-based tech PE fund ever raised: Silver Lake V, $15 billion.

Moreover, The Blackstone Group is halfway toward the largest infrastructure fund ever raised ($40 billion target) and Apollo Global Management is raising the largest-ever U.S.-based buyout fund ($23.5 billion target). There also was an SEC filing today that showed Sequoia Capital had raised nearly $2 billion for a global growth equity fund, which is far more than the venerable Silicon Valley firm has ever before raised.

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In photos: Virginians line up for hours on first day of early voting

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

In some parts of Virginia, people waited in line up to four hours to cast their ballots on the first day of early voting, according to the Washington Post.

The big picture: The COVID-19 pandemic seems to already have an impact on how people cast their votes this election season. As many as 80 million Americans are expected to vote early, by mail or in person, Tom Bonier, CEO of TargetSmart, a Democratic political data firm, told Axios in August.

Updated 54 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 30,306,469 — Total deaths: 948,147— Total recoveries: 20,626,515Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 6,705,114 — Total deaths: 198,197 — Total recoveries: 2,540,334 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.

Court battles shift mail-in voting deadlines in battleground states

Illustration: Sarah Grillo/Axios

Michigan joins Pennsylvania in extending mail-in ballot deadlines by several days after the election, due to the coronavirus pandemic and expected delays in U.S. Postal Service.

The latest: Michigan Court of Claims Judge Cynthia Stephens ruled that all ballots postmarked before Nov. 2 must be counted, so long as they arrive in the mail before election results are certified. Michigan will certify its general election results on Nov. 23.