TPG The Blackstone Group Kohlberg Kravis Roberts Goldman Sachs
Principal Investment Area The Carlyle Group CVC Capital Partners Apax
Partners Apollo Global Management Bain Capital Oaktree Capita
Management Hellman & Friedman General Atlantic Providence
Equity Partners Cerberus Capital Management Warburg Pincus
Advent International First Reserve Corporation Silver Lake Lone Sta
Funds Riverstone Holdings Leonard Green & Partners Thomas H. Lee
Partners Golden Gate Capital BC Partners JC Flowers & Co. Terra
Firma Capital Partners American Capital Teachers Private Capital NGP
Energy Capital Management Fortress Investment Group Clayton
Dubilier & Rice CPP Investment Board Bridgepoint PAI Partners AXA
Private Equity Mount Kellett Capital EQT Partners Marfin Investmen
Group EnCap Investments Abraaj Capital Citi Capital Advisors Onex
International Petroleum Investment Company Stone Point Capita
TA Associates Hony Capital Nordic Capital ArcLight Capital Partners
Equistone Partners Europe CDH Investments HitecVision AS JP
Morgan Asset Management Charterhouse Capital Partners American
Securities Capital Partners Mubadala Development Company
Summit Partners Tiger Global Management Avista Capital Partners
AlpInvest Partners Dubai International Capital MatlinPatterson Globa
Advisers GI Partners New Mountain Capital Kelso & Co. Denham
Capital Management Sun Capital Partners Ares Managemen
Lion Capital Investcorp Bank BSC Lindsay Goldberg Pamplona
Capital Management H.I.G. Capital Doughty Hanson Accel Partners
Berkshire Partners Vista Equity Partners WL Ross & Co. Welsh Carson
Anderson & Stowe Centerbridge Capital Partners Energy Capita
Partners Intermediate Capital Group Cinven Oak Hill Capital Partners
may 2012
private equity international
page 37
page 40
private equity international
may 2 012
pei 300
TPG still top of the class
Its a second consecutive year at the top
for TPG, whose remarkable fundraising
machine accumulated a cool $49.9 billion in the period covered by this years
PEI 300 ranking, down from $50.6 billion in 2001.
Diversification has been key to TPGs
success. Buyouts remain its strength but
if investors want growth capital, or venture, or even special situations,TPG led
by managing partner James Coulter has
a fund for them. Its also a genuinely global
operation: in addition to its traditional
strongholds of North America andWestern
Europe, it has been a trailblazer in emerging markets like Brazil, Russia and China.
Indeed, exploiting Asias growth opportunity might be a hot topic for most
managers these days, for TPG its old
Coulter: leading the worlds largest firm
news the firm has been raising funds
there successfully since the 1990s. And it
shows no sign of slowing down: this year
it held a first close on its first two RMB
funds, and even bought a minority stake
in Indonesian manager Northstar Pacific
(as it looks to get a foot in the door of
another high-potential emerging market).
Its also reportedly nearing a $1.5 billion
first close on a new Asian buyout fund that
could ultimately garner up to $4 billion.
Its a story that investors clearly like.
The firm continues to attract huge commitments from big LPs, including the US
pension funds, and has also been selected
as an official partner by the state-owned
Russian Direct Investment Fund and China
Development Bank, as the two countries
respective governments look to boost foreign investment.
Impeccably well-connected and incredibly well-resourced no wonder investors
keep giving TPG their money in such vast
quantities...
pei 300 the top 50
Rank
Fund manager
Headquarters
PEI 300 Five-Year
Fundraising Total ($m)
vw
TPG
Fort Worth (Texas)
$49,897.00
The Blackstone Group
New York
$49,638.30
Kohlberg Kravis Roberts
New York
$47,689.87
Goldman Sachs Principal Investment Area
New York
$43,469.25
The Carlyle Group
Washington, DC
$30,741.39
CVC Capital Partners
London
$25,068.77
Apax Partners
London
$22,823.88
Apollo Global Management
New York
$21,035.00
Bain Capital
Boston
$21,033.49
10 p
Oaktree Capital Management
Los Angeles
$17,632.31
11 q
Hellman & Friedman
San Francisco
$17,200.00
12 vw
General Atlantic
Greenwich (Connecticut)
$16,800.00
13 p
Providence Equity Partners
Providence (Rhode Island)
$16,300.00
14 vw
Cerberus Capital Management
New York
$15,900.00
pHigher rank than 2011
qLower rank than 2011 vwSame rank as 2011 PEI 50 debut
may 2012
private equity international
page 41
pei 300
Rank
Fund manager
Headquarters
PEI 300 Five-Year
Fundraising Total ($m)
15 q
Warburg Pincus
New York
$15,000.00
16 q
Advent International
Boston
$13,895.43
17 q
First Reserve Corporation
Greenwich (Connecticut)
$13,521.70
18 p
Silver Lake
Menlo Park
$12,258.31
19 p
Lone Star Funds
Dallas
$12,207.60
20 p
Riverstone Holdings
New York
$10,920.00
21 p
Leonard Green & Partners
Los Angeles
$10,300.00
22 p
Thomas H. Lee Partners
Boston
$10,100.00
23 p
Golden Gate Capital
San Francisco
$9,614.00
24 p
BC Partners
London
$9,418.71
25 p
JC Flowers & Co.
New York
$9,300.00
26 q
Terra Firma Capital Partners
London
$9,266.78
27 p
American Capital
Bethesda (Maryland)
$9,192.00
28 q
Teachers' Private Capital
Toronto
$9,045.43
29 p
NGP Energy Capital Management
Dallas
$8,994.00
30 p
Fortress Investment Group
New York
$8,650.00
31 q
Clayton Dubilier & Rice
New York
$8,250.00
32 p
CPP Investment Board
Toronto
$8,050.90
33 p
Bridgepoint
London
$7,996.04
34 p
PAI Partners
Paris
$7,993.44
35 q
AXA Private Equity
Paris
$7,646.80
36 p
Mount Kellett Capital
New York
$7,522.00
37 p
EQT Partners
Stockholm
$7,449.61
38 p
Marfin Investment Group
Athens
$7,310.17
39 q
EnCap Investments
Houston
$6,948.00
40 p
Abraaj Capital
Dubai
$6,723.87
41 q
Citi Capital Advisors
New York
$6,577.46
42 q
Onex
Toronto
$6,364.70
International Petroleum Investment Company
Abu Dhabi
$6,344.49
44 p
Stone Point Capital
Greenwich (Connecticut)
$6,330.58
45 q
TA Associates
Boston
$6,270.00
46 p
Hony Capital
Beijing
$6,083.37
47 q
Nordic Capital
Stockholm
$6,056.59
48 p
ArcLight Capital Partners
Boston
$5,951.00
49 p
Equistone Partners Europe
London
$5,852.32
50 p
CDH Investments
Hong Kong
$5,794.22
43
pHigher rank than 2011
qLower rank than 2011 vwSame rank as 2011 PEI 50 debut
