TPG The Blackstone Group Kohlberg Kravis Roberts Goldman SachsPrincipal 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 37 800.30 3 p Kohlberg Kravis Roberts New York $47. or venture.900. including the US pension funds.632..033.689. or even special situations. The firm continues to attract huge commitments from big LPs. as the two countries’ respective governments look to boost foreign investment. Buyouts remain its strength – but if investors want growth capital. DC $30.25 5 q The Carlyle Group Washington. Impeccably well-connected and incredibly well-resourced – no wonder investors keep giving TPG their money in such vast quantities. It’s also reportedly nearing a $1.00 14 vw Cerberus Capital Management New York $15.068. It’s a story that investors clearly like. Indeed.897.77 7 p Apax Partners London $22.00 9 q Bain Capital Boston $21. and has also been selected as an official partner by the state-owned Russian Direct Investment Fund and China Development Bank.49 10 p Oaktree Capital Management Los Angeles $17.00 12 vw General Atlantic Greenwich (Connecticut) $16.5 billion first close on a new Asian buyout fund that could ultimately garner up to $4 billion. exploiting Asia’s growth opportunity might be a hot topic for most managers these days.200.6 billion in 2001.300. it has been a trailblazer in emerging markets like Brazil.9 billion in the period covered by this year’s PEI 300 ranking.00 pHigher rank than 2011 qLower rank than 2011 vwSame rank as 2011 ✪PEI 50 debut .638.00 13 p Providence Equity Partners Providence (Rhode Island) $16. for TPG it’s old Coulter: leading the world’s largest firm news – the firm has been raising funds there successfully since the 1990s. down from $50.035. whose remarkable fundraising machine accumulated a cool $49.88 8 q Apollo Global Management New York $21. It’s also a genuinely global operation: in addition to its traditional strongholds of North America andWestern Europe. Russia and China. And it shows no sign of slowing down: this year it held a first close on its first two RMB funds.page 40 private equity international may 2 012 pei 300 TPG still top of the class It’s a second consecutive year at the top for TPG.00 2 p The Blackstone Group New York $49. 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).TPG – led by managing partner James Coulter – has a fund for them.87 4 q Goldman Sachs Principal Investment Area New York $43.823.741..31 11 q Hellman & Friedman San Francisco $17.469. Diversification has been key to TPG’s success. pei 300 – the top 50 Rank Fund manager Headquarters PEI 300 Five-Year Fundraising Total ($m) 1 vw TPG Fort Worth (Texas) $49.39 6 p CVC Capital Partners London $25. 330.000.650.00 16 q Advent International Boston $13.522.87 41 q Citi Capital Advisors New York $6.300.00 49 p Equistone Partners Europe London $5.577.993.996.050.521. Lee Partners Boston $10.17 39 q EnCap Investments Houston $6.00 37 p EQT Partners Stockholm $7.00 22 p Thomas H.920.22 43 ✪ pHigher rank than 2011 qLower rank than 2011 vwSame rank as 2011 ✪PEI 50 debut .59 48 p ArcLight Capital Partners Boston $5.646.045.32 50 p CDH Investments Hong Kong $5.31 19 p Lone Star Funds Dallas $12.37 47 q Nordic Capital Stockholm $6.364.794.00 46 p Hony Capital Beijing $6.344.258. New York $9.895.43 17 q First Reserve Corporation Greenwich (Connecticut) $13.78 27 p American Capital Bethesda (Maryland) $9.948.852.may 2012 private equity international page 41 pei 300 Rank Fund manager Headquarters PEI 300 Five-Year Fundraising Total ($m) 15 q Warburg Pincus New York $15.00 30 p Fortress Investment Group New York $8.310.00 31 q Clayton Dubilier & Rice New York $8.994.61 38 p Marfin Investment Group Athens $7.266.04 34 p PAI Partners Paris $7.192.00 40 p Abraaj Capital Dubai $6.100.60 20 p Riverstone Holdings New York $10.300.71 25 p JC Flowers & Co.418.80 36 p Mount Kellett Capital New York $7.00 23 p Golden Gate Capital San Francisco $9.00 21 p Leonard Green & Partners Los Angeles $10.951.614.00 28 q Teachers' Private Capital Toronto $9.58 45 q TA Associates Boston $6.00 32 p CPP Investment Board Toronto $8.207.70 18 p Silver Lake Menlo Park $12.00 24 p BC Partners London $9.90 33 p Bridgepoint London $7.250.49 44 p Stone Point Capital Greenwich (Connecticut) $6.083.270.70 International Petroleum Investment Company Abu Dhabi $6.449.723.46 42 q Onex Toronto $6.00 26 q Terra Firma Capital Partners London $9.43 29 p NGP Energy Capital Management Dallas $8.056.44 35 q AXA Private Equity Paris $7.