Daily News: May 6, 2013

TPG Once Again the Industry’s Largest Fundraiser

Private Equity International (PEI), said in the upcoming release of its annual ranking of the world’s largest private equity firms of interest, TPG will once again claim the pole position as the industry’s largest fundraiser, with $35.7 billion of equity capital raised since 2008.

The ranking, produced by the firm’s Research and Analytics team, is based on the amount of private equity direct investment capital each firm has raised in the five-year period from January 1, 2008 to April 1, 2013.

PEI’s top five largest fundraisers show Fort Worth, TX-based TPG, with a five-year fund raising total of $35.7 billion, as ranked #1 followed by Washington, DC-based Carlyle Group and New York-based Blackstone Group as #2 and #3, respectively with fund raising totals of $32.8 billion and $29.6 billion, respectively. New York-based Kohlberg Kravis Roberts and Warburg Pincus raised $28.4 billion and $26 billion, respectively to round out the top five.

PEI notes that TPG’s five-year fundraising total is well below its ranking last year when its 2007 funds boosted its number to almost $50 billion, the global firm nonetheless had an extremely busy year. TPG is currently in market to raise $12 billion for its next mega buyout fund, is marketing a mezzanine fund with a $1.5 billion target, an Asia fund that is targeting $4 billion and a China-focused growth with a RMB 4 billion target, PEI said.

To read the entire PEI news release, click here.