Private Equity International Releases the 2011 PEI 300 Global Ranking

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Latest global ranking of private equity firms sees position changes and rejects tougher climate

The PEI 300
The 2011 rankings show fundraising has remained incredibly tough, with many firms opting to put off new offerings until absolutely necessary. For the second year in a row, the total capital raised by the PEI 300’s top 50 firms has shrunk.

• Top 50 firms have raised a total of $734 billion in past five years;

  • TPG Capital regains top slot with other US heavyweights making up top five;
  • CVC Capital Partners head European firms in ranking followed by Apax then Permira;
  • Asia-based funds continue to grow with Hong Kong as a key centre;
  • Fund managers still struggling to emerge from fundraising trough but many major groups are predicted to launch new vehicles in coming 12 months.

Private Equity International, the leading publication for the global private equity industry, today unveiled its highly anticipated PEI 300 ranking for 2011. The PEI 300, now in its fifth year, is the only apples-to-apples ranking of private equity firms by capital raised. Drawing on proprietary research undertaken by PEI’s own data team, the list ranks firms globally by the amount of direct-investment private equity capital each has raised over a five-year period.

“The 2011 rankings show fundraising has remained incredibly tough, with many firms opting to put off new offerings until absolutely necessary. For the second year in a row, the total capital raised by the PEI 300’s top 50 firms has shrunk,” said Philip Borel, PEI’s Editorial Director.

The top 50 firms in this year’s ranking raised a total of $734 billion over the past five years starting 1 January 2006, down from the $772 billion the top 50 raised in the five years starting 1 January 2005.

“Considering that these three hundred firms control the lion’s share of capital in the private equity market, the PEI 300 is a very important indicator of how the asset class is evolving,” said Dan Gunner, Director of Data Products at PEI and the leader of the research team who built the PEI 300. “This year’s list encapsulates the end of a boom-era, during which private equity fund commitments soared, as well as the subsequent period of volatility and market uncertainty which gave rise to a difficult global fundraising climate. Many major groups are now hoping that period has passed as we expect a number to launch new funds in the coming 12 months.”

Despite a cumulative total that is lower than the previous year, this year’s PEI 300 does highlight firms that have found success on the fundraising trail, many of which focus on niche strategies or emerging markets. “It once again reminds us that regardless of market cycle, institutional investors continue to turn to the best and brightest private equity fund managers to produce exceptional returns,” Borel said.

TPG Capital regained the number one spot it relinquished last year to peer Goldman Sachs Principal Investment Area. TPG has garnered $50.5 billion for direct private equity investment since January 2006, up from the $45 billion that earned it fourth place last year. Goldman’s buyout unit ($47.2 billion) slipped to second place, ahead of US heavyweights The Carlyle Group (third with $40.5 billion), Kohlberg Kravis ($40.2 billion) and Blackstone Group ($36.4 billion).

The PEI 300 ranking is analysed in detail in the May issue of Private Equity International magazine. The list itself may be viewed at http://www.privateequityinternational.com/pei300.

Contacts:

For editorial enquiries:
Philip Borel, Editorial Director, PEI:     Philip.b(at)peimedia(dot)com / +44 20 7566 5434

For research enquiries:
Dan Gunner, Director of Data Products, PEI: Dan.g(at)peimedia(dot)com / +44 20 7566 5423

For copies of Private Equity International:
Fran Hobson, Customer Services, PEI:    Fran.h(at)peimedia(dot)com / +44 20 7566 5444

About PEI:
Private Equity International is published by PEI, which provides news, data and conferences for the global alternative asset classes of private equity, real estate and infrastructure. With offices in London, New York, Hong Kong and Singapore, PEI is the leading source of news, data and analysis for professionals engaged with these industries worldwide. The company has five print/digital publications, manages a suite of databases, runs more than two dozen conferences globally, publishes a library of 20 books and directories and has a fast-growing training business all dedicated to alternative assets. The company, founded in 2001, is owned by management. In 2009 PEI won the prestigious Queen’s Award for Enterprise.

http://www.PEIMedia.com

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Philip Borel
PEI
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PEI
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