Trying to compare private equity firms is not easy. But with our annual PEI 300 ranking, we look at the world’s top GPs according to a very simple metric: how much capital they have raised for private equity investment in the last five years. The results provide a fascinating insight into where investor capital is flowing – and how those flows are changing.
The profile of the firms on the list continues to change, too. For example, five of the top 10 are now publicly listed, an idea that would have seemed peculiar when we began to compile this list. And sovereign wealth funds with direct investing programmes continue to exert greater influence: China Investment Corporation has made the top 50 for the first time, having soared 144 places this year, while Abu Dhabi’s International Petroleum Investment Company makes the top 50 for the second time. In the years to come, as the crisis-era vintages become more significant, expect to see some more new names like these creeping up the list.