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

2007
CVC Capital Partners 15,650

Apollo Global Mgt 13,900

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
The 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
The 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
800
47 firms
201 firms
600

MENA
1 firm 400

200

Latin America
1 firm 0

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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
This 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
There 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
2019 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

The PEI 300 is compiled from data
collected by PEI Media's research
and analytics department.
PEI
For more information, contact
Daniel Humphrey Rodriguez
Head of Fund Manager Research
daniel.r@peimedia.com

Production: Mike Simlett

Design: Miriam Vysna