The latest data from Preqin’s Fund Manager Profiles database shows that there are over 3,000 private equity firms located in the US which have collectively raised over USD 1.6 trillion in capital commitments over the last 10 years, and have an estimated USD 460 billion available in dry powder.
Of these fund managers, the most numerous operate within venture capital with just under 1,370 fund managers that focus on this approach as part of their investment strategy. The majority of venture capital firms, 31%, are based in Silicon Valley while 13% are headquartered in New York. Venture capital fund managers have raised over USD 230 billion in aggregate capital commitments over the past 10 years and have approximately USD 76 billion available in dry powder. The second most numerous are buyout-focused fund managers, with over 750 firms headquartered in the US that mainly make these types of investments. These firms have raised over USD 900 billion in capital commitments and have approximately USD 250 billion available in dry powder.
The top five largest firms within private equity that are headquartered in the US, based on total funds raised over the last 10 years, are Blackstone Group, Kohlberg Kravis Roberts, Goldman Sachs Merchant Banking Division, TPG and Carlyle Group. Combined, these firms have raised 16% of both the US aggregate capital commitments and current available dry powder, with just under USD 260 billion in capital commitments and USD 73 billion available in estimated dry powder. Blackstone Group is the largest fund manager headquartered in the US, based on their total funds raised in the past 10 years, with a total of USD 57 billion in commitments.