Sunday, May 12, 2013

TPG Bests Carlyle Group in 5 Year Fundraising

David Bonderman's TPG was the top private equity fundraiser for the last five year period, raising nearly $36 billion.  The Carlyle Group, with its DBD co-founders, came in second

1    - TPG
2    - Carlyle Group
3    - Blackstone Group
4    - Kohlberg Kravis Roberts    
5    - Warburg Pincus    
6    - Goldman Sachs Principal Investment Area    
7    - Advent International    Boston
8    - Apollo Global Management    
10    - CVC Capital Partners
Source: Private Equity International, 2013 

The private equity underwriter (PEU) segment has been in a four year decline.

Aggregate capital raised over previous five year period by PEI 50:
2009    - $813 billion
2010    - $771 billion
2011    - $733 billion
2012    - $704 billion
2013    - $586 billion

Source: Private Equity International, 2013

The decline is due to the monster funds passing through the PEU snake's belly:

It’s important to note that this is the first year that the PEI 300 totals do not include many of the pre-crisis funds that held closes in 2007, when 18 mega funds closed on more than $182 billion in equity raised. 

Mega funds, when will they return?  I'd love to see a five year chart of purchased political influence for the top PEU firms.  Seeing a Mega hires list, that would be interesting.  Red and Blue love PEU.