It's to highlight the depth of capital
within the US.
When we in the VC/PE space raise a fund, we are investing other people's money. Most of that money is of American origin and American domiciled.
You do see some large players like in Canada and Europe, but even they are not similar in size to American pension funds and endowments, let alone other American institutional investors.
Edit: Can't reply
> these will often end up being national level and will look individually much smaller than the ones from the US, purely because the US has more people.
Absolutely! And that's what makes it so difficult for Europe to decouple from the US or China.
Most attempts at EU federalization are undermined by national level politicans as the keys to hard power (defense, foreign policy, FDI attraction) remain under the purview of individual European states, becuase push comes to shove, an American employer or fund can threaten to leave and that country's entire political apparatus will work to appease us at the expense of Brussels.
This is how Meta and Amazon have been able to neuter the GDPR thanks to Ireland [0] and Luxembourg [1] respectively.
Even India got the FTA with the EU by using the carrot on France [2] and Italy [3] and the stick on Germany [4].
Europe is in a very tough position because the incentives of a politician who wants to build their career in Brussels is different from one who wants to build their career in Berlin, Bucharest, or Bratislava.
[0] - https://www.euractiv.com/news/irish-privacy-regulator-picks-...
[1] - https://www.aboutamazon.eu/news/policy/amazon-leaders-meet-l...
[2] - https://www.reuters.com/world/india/india-signs-74-billion-d...
[3] - https://www.lagazzettamarittima.it/2025/10/30/rixi-in-india-...
[4] - https://www.reuters.com/business/autos-transportation/volksw...