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.
Update 4-3-17: Despite TPG's continued fundraising success David Bonderman had difficulty selling his PEU's IPO. For now, it's a no go.
