PEI 300: Methodology

How the ranking is determined

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The 2020 PEI 300 ranking is based on the amount of private equity direct investment capital raised by firms between 1 January 2015 and 1 April 2020.

Definitions

Private equity
For purposes of the PEI 300, the definition of private equity is capital raised for a dedicated programme of investing directly into businesses. This includes equity capital for diversified private equity, buyouts, growth equity, venture capital and turnaround or control-oriented distressed investment capital.

Capital raised
This means capital definitively committed to a private equity direct investment programme. In the case of a fundraising, it means the fund has had a final or official interim close after 1 January 2015. We count the full amount of a fund if it has a close after this date, and we count the full amount of an interim close that has occurred recently, even if no official announcement has been made. We also count capital raised through co-investment vehicles.

What does NOT count as private equity?

Funds of funds, secondaries, real estate, infrastructure, hedge funds, debt, mezzanine and PIPEs.

The PEI 300 is not a performance ranking, nor does it constitute investment recommendations.

For a full methodology, email PEI’s head of fund manager research,
Daniel Humphrey Rodriguez (daniel.r@peimedia.com).