1) Adani Power
The 3i portfolio company completed a $623 million IPO at the end of July, the largest public offering in India in the last 18 months. The offering was four times oversubscribed within a few minutes of launch.
2) MBK Partners
Though it fell short of target, Korean private equity firm MBK Partners' $1.5 billion close on its second fund was the largest Asian fund raised in 2009. The firm, headed by Michael Kim (left) beat the second-largest fund raised in the region, Carlyle's Asia Growth Partners IV, which closed on $1.04 billion in June.
3) European mid-market
Despite the economic turbulence for most of the year, the total amount raised by European mid-market private equity funds reached €24.2 billion last year. Capital gravitated toward “safe harbours” in Western Europe, while Central and Eastern Europe suffered by comparison.
4) First Reserve
Investors have continued to show their enthusiasm for energy, with US-based First Reserve Corporation in April topping its own record for the largest energy fund raised to date. The final close of $9 billion came less than a year after Fund XII went to market.
5) Sofinnova Partners
Paris-based venture capital firm Sofinnova Partners, headed by Jean-Bernard Schmidt (right), achieved the biggest exit in its 35-year history in February with the $700 million-plus trade sale of medical device company CoreValve. The deal netted a return of 10 times the original investment.
6) Herkules Capital
Showing the same strength as the hero of Greek myth, Herkules Capital in November garnered $898 million for its third fund, the largest amount ever raised by a Norwegian private equity firm and the largest to focus on Norwegian investments.
The global giant achieved the most amount raised by a private equity firm in 2008 by last September, having closed three funds totaling roughly $30 billion. TPG Partners VI, the private equity firm's sixth global buyout fund, was the third-largest buyout fund ever raised behind those closed in 2007 by The Blackstone Group and Goldman Sachs.
8) US banking sector
It was reported last September that private equity investment in the US banking sector in the first half of the year hit a record $5.5 billion as a result of six deals, including a $2 billion investment by TPG in Washington Mutual (left). The record may not be beaten. New rules proposed by the Federal Deposit Insurance Corporation would mean private equity firms seeking to invest in banks having to meet high capitalisation requirements and longer required hold periods.
9) Canada Pension Plan Investment Board
There are some records that the industry would prefer remain unbroken. The Canada Pension Plan Investment Board announced a record loss of $17.2 billion for the fiscal year 2009, with Canada's largest single-purpose pension seeing its assets fall to $105.5 billion from $122.7 billion at the end of the fiscal year 2007.
10) UK private equity
It was reported in April that the value of UK deals inked by private equity and venture firms in 2008 hit a three-year low, falling below £20 billion (€24 billion; $34 billion) for the first time since 2005. Fundraising levels, meanwhile, dropped nearly 21 percent year-over-year to £23.1 billion.