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PEI Digging deeper into the PEI 300 Click a chart or scroll through the slides PEI 300 timeline 2020's biggest risers 2020's biggest fallers Fundraising by HQ Fundraising by region Biggest firms in Asia Biggest firms in Europe Blackstone's Baratta on the New (and re-) entries Top 10 growth firms value of private equity The changing face of the PEI 300... in 30 seconds Click the button to see how the ranking has evolved since it was launched in 2007, when a mere $32bn earned top spot Headquartered in North America Headquartered in Europe The Carlyle Group 32,500 KKR 31,000 Goldman Sachs 31,000 Blackstone 28,360 TPG 23,500 Apax Partners 18,850 Bain Capital 17,300 CVC Capital Partners 15,650 Apollo Global Mgt 13,900 2007 Warburg Pincus 13,300 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 100,000 Capital raised over preceding five years ($m) Source: Private Equity International 10 biggest risers T he firms that made the biggest leap in this year's PEI 300 Arsenal Capital Partners (Rank: 114) Up 161 places - Capital raised: $4,485m Trilantic Capital Partners North America (124) Up 148 places - Capital raised: $3,924m China Renaissance Group (112) Up 138 places - Capital raised: $4,591m BlackRock (17) Up 131 places - Capital raised: $22,458m Aquiline Capital Partners (152) Up 126 places - Capital raised: $2,990m Aurora Capital Partners (171) Up 125 places - Capital raised: $2,700m Apax Partners SAS (42) Up 124 places - Capital raised: $2,832m Five Point Energy (183) Up 111 places - Capital raised: $2,455m Boyu Capital (131) Up 110 places - Capital raised: $3,600m Hover over the pointer to discover more about the firms Deutsche Beteiligungs AG (172) Up 98 places - Capital raised: $2,699m making their mark on this year's PEI 300 0 20 40 60 80 100 120 140 160 180 Rise in ranking Source: Private Equity International 10 biggest fallers T he firms that dropped the furthest over the last 12 months Palladium Equity Partners (Rank: 274) Down -127 places - Capital raised: $1,557m Capvis AG (291) Down -127 places - Capital raised $1,443m Digital Sky Technologies (258) Down -107 places - Capital raised: $1,700m Yorktown Partners (229) Down -104 places - capital raised: $1,931m Portobello Capital (293) Down -92 places - capital raised: $1,441m Trident Capital (292) Down -87 places - capital raised: $1,442m Morningside Venture Capital (270) Down -81 places - capital raised: $1,636m The Abraaj Group (210) Down -81 places - capital raised: $2,201m Sun Capital Partners (190) Down -81 places - capital raised: $2,383m Cathay Capital Private Equity (231) Down -75 places - capital raised: $1,904m -120 -100 -80 -60 -40 -20 0 Fall in ranking Source: Private Equity International The PEI 300 by region How the ranking breaks down by firm HQ and capital raised Capital raised ($bn) 1,600 1,400 1,200 Europe 1,000 50 firms North America Asia-Pacific 201 firms 47 firms 800 600 MENA 1 firm 400 200 Latin America 1 firm 0 e c d ica p rl r o cifi e r a o u P w m E - e A ia h h s t rt A f o o st N e R Source: Private Equity International Fundraising by region Despite just 10 of the top 50 Average capital raised firms being headquartered on the continent, Europe-based firms had the highest average five-year fundraising total across the whole ranking $7,182m North America $7,303m Europe $4,026m Asia-Pacific Source: Private Equity International Asia's biggest firms T his year there are eight Asia-Pacific-headquartered firms in the top 100, up from five in 2010. Asia-Pacific-based funds in 2020 had a combined five-year fundraising total of $185bn Hillhouse Capital Group (Hong Kong) (Rank: 24) 17,894 MBK Partners (Seoul) (36) 13,224 Baring Private Equity Asia (Hong Kong) (37) 13,203 CPE (Beijing) (66) 7,470 Affinity Equity Partners (Hong Kong) (79) 6,374 CDH Investments (Hong Kong) (82) 6,329 China Everbright Limited (Hong Kong) (84) 6,306 CITIC Capital (Hong Kong) (95) 5,769 Primavera Capital Group (Beijing) (101) 5,300 RRJ Capital (Hong Kong) (109) 4,735 China Renaissance Group (Beijing) (112) 4,591 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Capital raised over last five years ($m) Source: Private Equity International Europe's biggest firms T here are 50 Europe-headquartered firms in the PEI 300 this year, down from 56 in 2019 and 64 in 2010 CVC Capital Partners (London) (Rank: 7) 35,877 EQT (Stockholm) (8) 34,461 Cinven (London) (12) 26,150 Permira Advisers (London) (19) 22,211 Partners Group (Zug) (25) 17,865 Ardian (Paris) (26) 17,610 PAI Partners (Paris) (27) 16,543 Bridgepoint (London) (32) 15,222 BC Partners (London) (35) 13,275 Apax Partners (London) (42) 11,648 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 Capital raised over last five years ($m) Source: Private Equity International To fix balance sheets and to allow them to continue to operate and grow, private equity has filled an important capital need in the market Joe Baratta Blackstone New entries and re-entries There are 54 new entrants into this year’s PEI 300, with a collective five-year fundraising total of $121bn KPS Capital Partners (Rank: 69) 7,142 Energy Capital Partners (70) 6,930 Altas Partners (122) 4,030 The Energy & Minerals Group (125) 3,847 Cortec Group (142) 3,200 SK Capital Partners (148) 3,042 Parthenon Capital Partners (150) 3,030 Flexpoint Ford (153) 2,950 Sapphire Ventures (164) 2,815 Hover over the pointer to Court Square Capital Partners (170) 2,700 discover more about the firms making their mark on 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 this year's PEI 300 Capital raised over last five years ($m) Source: Private Equity International Top 10 growth-focused firms Growth equity has been gaining in popularity with LPs in recent years, with fundraising for the strategy hitting $152bn in 2 019 and 92% of those funds either hitting or exceeding their targets, per PEI data General Atlantic (Rank: 18) 22,415 Sequoia Capital (58) 9,290 New Enterprise Associates (67) 7,464 Andreessen Horowitz (78) 6,387 Accel (92) 5,794 Lightspeed Venture Partners (108) 4,838 China Renaissance Group (112) 4,591 GGV Capital (127) 3,779 Bessemer Venture Partners (132) 3,500 Valor Equity Partners (135) 3,403 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 20,000 22,000 24,000 Capital raised over last five years ($m) Source: Private Equity International PEI The PEI 300 is compiled from data collected by PEI Media's research and analytics department. For more information, contact Daniel Humphrey Rodriguez Head of Fund Manager Research [email protected] Production: Mike Simlett Design: Miriam Vysna .
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