The rise of the ‘triple threats’

A small number of mega-firms house significant private equity, real estate and infrastructure programmes under the same roof. None can yet claim triple success, argues David Snow

‘TRIPLE-THREAT’ FIRMS

These five GPs do – or want to -manage three major equity classes
Firm Private equity Real estate capital Infrastructure capital Total raised for
capital raised, raised, last 5 years raised, last 5 years 3 asset classes,
last 5 years last 5 years
Goldman Sachs Principal $49bn $13.6bn $6.5bn (now raising $69.1bn
Investment Area Fund II)
The Carlyle Group $47.7bn $8.2bn $1.1bn $57bn
The Blackstone Group $30.8bn $25.6bn Raising debut fund, $56.4bn
target $2bn-$3bn
Kohlberg Kravis Roberts $40.5bn Planning real estate Raising debut fund, $40.5bn
platform target $4bn
Morgan Stanley $2bn $20.2bn $4bn $26.2bn