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Top Five North America-Based Buyout Firms – December 2012

by Kamarl Simpson

  • 19 Dec 2012
  • PE

Preqin’s Fund Manager Profiles database reveals that there are 1184 North America-based private equity firms that carry out buyout investments. These firms have collectively raised $1.3tn over the last 10 years and currently have an estimated $340bn available in dry powder.

The top five North America-based private equity firms which include a buyout strategy by aggregate capital raised in the last 10 years are Kohlberg Kravis Roberts, TPG, Oaktree Capital Management, Goldman Sachs Merchant Banking Division and Carlyle Group.

Established in 1976, Kohlberg Kravis Roberts has an extensive network of offices across the globe. The firm predominantly makes buyout investments and has raised close to $60bn in the last 10 years. Kohlberg Kravis Roberts aims to soon close their latest Asia-focused buyout fund - KKR Asia Fund II; the fund is targeting $6bn in capital commitments for management buyouts and growth equity investments mostly concentrating on Japan, China and Australia.

TPG, established in 1992, and formerly known as Texas Pacific Group, has raised close to $54bn across all its investment strategies in the last 10 years, which includes buyout and growth. TPG is raising its sixth Asia-focused buyout vehicle, TPG Asia VI, which is targeting $4bn in capital commitments for investment in middle and large market companies across China, Southeast Asia, India, Australia, Japan and Korea. TPG Asia VI focuses on companies in the financial services, consumer retail, healthcare and energy sectors.

Oaktree Capital Management, one of the most well-known distressed private equity investors, has raised a series of distressed debt and special situations funds, focusing on investments across the globe. The firm has also made buyout and mezzanine investments as a way of diversifying their investment strategy. It was established in 1995 and has raised a total of $53bn in aggregate capital commitments in the last decade. Its latest buyout fund to close was the Oaktree Power Opportunities Fund III in 2011, a US-focused vehicle which raised an aggregate $1.04bn.

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