Largest New York Buyout Firms

by Ben Formela Osborne

  • 19 Aug 2009
  • PE

In a recent blog we revealed that New York was home to 445 active private equity firms, the most in any city. Following on from this, we decided to establish which of the 225 New York-based, buyout focused general partners were the largest.
Using information taken from Preqin’s Fund Manager Profiles database we found the top 10 New York buyout firms measured by total buyout funds raised in the last 10 years and can reveal Kohlberg Kravis Roberts as having raised the most of any New York private equity firm. Since 1999 they have raised $49.3 billion in total buyout capital commitments. The largest of KKR’s buyout funds raised during this time was the KKR Fund 2006, which collected $17.6 billion in capital commitments.

After KKR, Blackstone Group and Goldman Sachs Private Equity Group rank as the second and third largest New York-based, buyout focused private equity firms, having raised $42.3 billion and $34.1 billion respectively from buyout funds raised in the last decade. Warburg Pincus come in as the fourth largest buyout firm in New York, having secured $30.8 billion in commitments over the past 10 years. Warburg Pincus typically raise balanced funds, but as these predominately maintain a buyout focus, the firm is included in our standings. Completing the top five is Leon Black’s Apollo Management which raised $30.6 billion from buyout funds in the last 10 years.

These five firms are the dominant New York players in the buyout market. The sixth largest, JC Flowers & Co., has raised $14.2 billion over the past decade. Rounding off our top 10 are Clayton Dubilier & Rice, Credit Suisse Customized Fund Investment Group, Welsh, Carson, Anderson & Stowe, and Lindsay Goldberg, which accumulated $11.8 billion, $11.1 billion, $10.8 billion, and $9.8 billion respectively through buyout funds in the last 10 years.

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