Private Equity International - PEI 300 2015: Showcasing the World's Largest Private Equity Firms

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London cements its place as the second largest private equity raising centre with the release of the 2015 PEI 300

The private equity landscape is constantly evolving and fundraising is on the rise in the US..London is a powerhouse in its own right, whilst second to New York, there is no European city close to matching London’s ability to raise private equity capital.

London has cemented its place as the second largest private equity raising centre globally raising $110.8 billion over the last five years according to the PEI 300 annual report. The report ranks private equity firms by the amount of capital raised over a five year qualifying period.

London comfortably saw off San Francisco but New York continues to dominate as the world’s leading private equity fundraising centre, raising $324 billion between January 1 2010 and April 1 2015. San Francisco came in third raising $94.9 billion. Seven US cities or regions make the top 10 regions with London, Hong Kong and mainland China making up the remaining places.

The PEI 300 reveals that the downward trend in overall fundraising by the world’s 300 largest private equity firms following the 2008 global financial crash has ended. This recovery was indicated by a modest 6% jump year on year in total fundraising to $1086.9 billion.

The strength of the US as a fundraising powerhouse for private equity firms is reflected by its dominance of the 2015 PEI 300 top ten, with US firms taking nine of the top spots. Only London-based CVC Capital Partners ranked sixth and made it into the top ten.

The fastest regional growth can be found in Asia, with Hong Kong, China, Korea and Japan becoming more prominent centres for private equity firms. The MENA region offers a stark comparison to Asia, with capital raising falling 50% over the five year qualifying period.

The star performer in the PEI 300 continues to be The Carlyle Group, which remains in top spot having raised $31.9 billion, closely followed by TPG from Texas which raised $30.3 billion, moving up from fifth in 2014. The largest ten firms raised $227 billion over the past five years, up from $199 billion in 2014, yet significantly down from the $368.5 billion raised in the five years to 2009.

Significant movers and shakers this year in the PEI 300 include London-based Bridgepoint, which shot up the rankings from 167th in 2014 to 37th this year raising $7.3 billion over the five year period, while another success story is Texas-based Vista Equity Partners, which raised $11.81 billion over the last five years, moving up from 222nd in 2011 to 11th in 2015.

Dan Gunner, head of research at Private Equity International, said: “The ranking shows how the private equity fundraising space has recovered since the global financial crisis. Institutional investors are again choosing to place their capital with the asset class and, in particular, with the largest groups that dominate the ranking."

“The private equity landscape is constantly evolving and fundraising is on the rise in the US, with New York the strongest city globally for raising capital. London is a powerhouse in its own right, whilst second to New York, there is no European city close to matching London’s ability to raise private equity capital.”

https://www.privateequityinternational.com/pei300/

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Krishan Majithia
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