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The Top Five New York-Based Private Equity Firms Based on Estimated Dry Powder

by Lola Aboderin

  • 05 May 2010
  • PE

The Preqin database shows that there are over 500 private equity firms based in the state of New York with an estimated aggregate USD 215 billion of dry powder available to them. Over the past 10 years,  New York-based firms have raised an aggregate of over USD 630 billion in private equity funds.

According to Preqin’s research, the top five New York-based private equity firms by total funds raised in the past 10 years are: Goldman Sachs Private Equity Group, Blackstone Group, Apollo Management, Kohlberg Kravis Roberts and Warburg Pincus. A range of industries are focused on by these top five firms, some of which include business services, communications, energy, healthcare, infrastructure, oil & gas, renewable energy and utilities. In terms of private equity strategies, buyout is the most prevalent amongst the top five.

Goldman Sachs Private Equity Group has raised funds totalling over USD 91 billion in the past 10 years and are sitting on an estimated USD 38 billion of dry powder. The firm’s private equity funds focus on Asia, Australasia, Europe, Global, North America and West Europe.

Blackstone Group has nearly USD 14 billion in available capital and is currently raising its first cleantech-focused fund, Blackstone Cleantech Venture Partners and a distressed debt vehicle, GSO Capital Solutions Fund. The firm has raised an aggregate USD 46 billion in the past 10 years.

Apollo Management’s has an USD 12 billion in dry powder and has an aggregate USD 34 billion for its private equity funds in the past decade.

Kohlberg Kravis Roberts has funds under management totalling USD 45 billion and approximately USD 12 billion of dry powder.

Warburg Pincus has approximately USD 8 billion of estimated dry powder available. The firm mostly raises balanced private equity funds, with its last fund having raised aggregate capital commitments USD 15 billion in 2008.

View current and historic dry powder levels across the global private equity industry, including in-depth analysis by region, fund type and fund size.

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