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US-Based Private Equity Fund Managers Focused Exclusively on a Buyout Strategy – July 2013

by Luke Goldsmith

  • 17 Jul 2013
  • PE

There are currently 211 US-based private equity fund managers focused exclusively on a buyout strategy, according to Preqin’s Fund Manager Profiles service. Collectively, these firms have raised more than $100bn in aggregate capital commitments over the past 10 years and have an estimated $28bn of dry powder available for investment.

Splitting out these firms by state, New York-based firms take up the largest proportion, with 26% of buyout firms in the US based in the state. The top five US-based fund managers focused exclusively on a buyout strategy with regards to total capital raised over the last 10 years are Hellman & Friedman, Clayton Dubilier & Rice, Lindsay Goldberg, American Securities and Court Square Capital Partners.

Hellman & Friedman are based in San Francisco with offices in New York and London. The firm has raised nearly $21bn in aggregate capital commitments over the last 10 years and have an estimated $6bn available in dry powder. Their most recent fund, Hellman & Friedman VII, closed on $8.8bn in 2009. The firm invests in various industries including communications, financial services, information services, media and software.

Clayton Dubilier & Rice focuses on investing in underperforming companies. The firm has raised approximately $9.8bn in aggregate capital commitments over the last 10 years and has $0.5bn available in dry powder. The firm currently has a fund in market, Clayton Dubilier & Rice IX, which has a target of $5bn and invests in firms based in North America and Europe in various industries.

Lindsay Goldberg was founded in 2001 and is based in New York. It has raised $7.8bn in total capital commitments over the last 10 years, with $2.2bn available in dry powder for investing. The firm’s most recent fund, Lindsay Goldberg - Fund III, raised almost $4.7bn in 2009. Lindsay Goldberg typically invests in companies located in North America and Western Europe across a wide range of industries.

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