Private Equity International Creates First Ever Ranking of Private Equity Firms
The PEI 50, a new ranking from Private Equity International magazine, reveals that the world's 50 largest private equity direct investment programs have raised a total of $551 billion since 2002
NEW YORK and LONDON, May 1 /PRNewswire/ -- The first ever ranking of the world's 50 largest private equity direct investment programs reveals that these firms have raised a total of $551 billion of equity capital since 2002. This impressive buying power is among the findings of the PEI 50, a new ranking created by Private Equity International, the most widely read magazine for the global private equity and venture capital industry. Firms were ranked by the amount of capital they have raised for direct private equity investment over the past 5 years. The launch of the PEI 50 marks the first time that private equity firms have been ranked by size using a consistent methodology. Josh Lerner, Jacob H. Schiff Professor of Investment Banking at Harvard Business School, said: "Private equity is a rapidly maturing industry, and with its increased size and visibility comes intense interest and curiosity about its workings. This list should be a helpful tool for those who seek to understand the industry and its important economic role more clearly." David Snow, Editor (Americas) of Private Equity International, said: "With the creation of the PEI 50, we have sought to apply a single standard of measurement to more than 100 private equity firms globally in search of the 50 biggest. The PEI 50 methodology is, we believe, both forward-looking and sufficiently inclusive of recent history. It accounts for the 'dry powder' that a firm has attracted from investors and indicates the scope of its recent investment activity." Philip Borel, Managing Editor of Private Equity International, said: "Private equity, despite the massive publicity currently surrounding it, fundamentally remains a private and badly understood asset class. It is one of the curiosities about the industry that until now, no authoritative ranking of the largest and most powerful players existed. We hope the PEI 50 will help increase transparency in private equity, and we intend to see it become a widely used reference point in this fast-changing and rapidly expanding industry." Private Equity International will publish the PEI 50 once a year. PEI 50 firms, listed below, currently manage $11 billion on average. Applying a 5 times leverage multiple to their equity capital raised, they have total buying power of $2.76 trillion. They have accounted for 75 percent of total private equity deal activity globally since 2002 and, according to Dealogic, have paid an estimated $35.8 billion in fees to investment banks over the same time period. Complete profiles of the PEI 50 firms and an analysis of their fundraising and deal-making activity can be found in the May 2007 issue of Private Equity International. An executive summary of the rankings can be downloaded at http://www.privateequityinternational.com/pei50 The PEI 50 rankings for 2007 are:
1 The Carlyle Group $32.5 billion 2 Kohlberg Kravis Roberts $31.1 billion 3 Goldman Sachs Principal Investment Area $31 billion 4 The Blackstone Group $28.36 billion 5 TPG $23.5 billion 6 Permira $21.47 billion 7 Apax Partners $18.85 billion 8 Bain Capital $17.3 billion 9 Providence Equity Partners $16.36 billion 10 CVC Capital Partners $15.65 billion 11 Cinven $15.07 billion 12 Apollo Management $13.9 billion 13 3i Group $13.37 billion 14 Warburg Pincus $13.3 billion 15 Terra Firma Capital Partners $12.9 billion 16 Hellman & Friedman $12 billion 17 CCMP Capital $11.7 billion 18 General Atlantic $11.4 billion 19 Silver Lake Partners $11 billion 20 Teachers' Private Capital $10.78 billion 21 EQT Partners $10.28 billion 22 First Reserve Corporation $10.1 billion 23 American Capital $9.57 billion 24 Charterhouse Capital Partners $9 billion 25 Lehman Brothers Private Equity $8.5 billion 26 Candover $8.29 billion 27 Fortress Investment Group $8.26 billion 28 Sun Capital Partners $8 billion 29 BC Partners $7.9 billion 30 Thomas H. Lee Partners $7.5 billion 31 Leonard Green & Partners $7.15 billion 32 Madison Dearborn Partners $6.5 billion 33 Onex $6.3 billion 34 Cerberus Capital Management $6.1 billion 35 PAI Partners $6.05 billion 36 Bridgepoint $6.05 billion 37 Doughty Hanson & Co $5.9 billion 38 AlpInvest Partners $5.4 billion 39 TA Associates $5.2 billion 40 Berkshire Partners $4.8 billion 41 Pacific Equity Partners $4.74 billion 42 Welsh, Carson, Anderson & Stowe $4.7 billion 43 Advent International $4.6 billion 44 GTCR Golder Rauner $4.6 billion 45 Nordic Capital $4.54 billion 46 Oak Investment Partners $4.06 billion 47 Clayton, Dubilier & Rice $4 billion 48 ABN AMRO Capital $3.93 billion 49 Oaktree Capital Management $3.93 billion 50 Summit Partners $3.88 billion About Private Equity International Private Equity International is the authoritative monthly publication of the global private equity industry. It is one of several titles published by PEI Media, the alternative assets information group. PEI Media produces magazines, conferences, books and online resources. Learn more at http://www.privateequityinternational.com.
SOURCE Private Equity International magazine
Related links:
Maui Private Equity LLC Global Private Equity Resources