Nope, that is not considered a megafund. Look at PE funds like Carlyle group and Blackstone who have around $100B under management +/- a couple of $billion
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“It's all nonsense. Firms use titles to pander to the egos of the employees without giving away the store. If you are getting the money, who cares about the title?"
It's a middle- market PE fund. When you think of a boutique PE shop, you think of AUM in the millions range with some as low as $5-10 million and as much as a couple of hundred million. Low billions start to be a middle market.
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“It's all nonsense. Firms use titles to pander to the egos of the employees without giving away the store. If you are getting the money, who cares about the title?"
if they've raised billions of dollars that they are looking to deploy, their deal size would be at least a little bigger than MM, i would think. someone correct me if i'm wrong.
Well, it's not like they are investing all $3 billion that they raised in one deal. And I have talked with several PE professionals who have around $3-5 billion AUM, mostly new funds in the real estate space, that are investing $100 million in debt pieces, $150 million in a hotel property. These are typical. And these are middle-market deal sizes
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“It's all nonsense. Firms use titles to pander to the egos of the employees without giving away the store. If you are getting the money, who cares about the title?"
that's probably considered a mid-sized fund. the terminology i think more reflects the average size of the equity investment that the fund is targeting, not necessarily the fund size, although the two tend to be highly correlated. i also don't agree that you need to look at carlyle's and blackstone's AUMs as guidelines for what mega fund status. a large portion of those AUMs are not PE.
Ex voluptates aspernatur nihil sit rerum reprehenderit exercitationem. Libero dolorem corporis animi cumque excepturi et. Recusandae rem vitae ipsa maxime debitis architecto placeat.
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is that the firm or the fund? because there might be multiple funds of different vintages counted under that AUM...
Nope, that is not considered a megafund. Look at PE funds like Carlyle group and Blackstone who have around $100B under management +/- a couple of $billion
so what would it be called? Boutique? MM?
It's a middle- market PE fund. When you think of a boutique PE shop, you think of AUM in the millions range with some as low as $5-10 million and as much as a couple of hundred million. Low billions start to be a middle market.
if they've raised billions of dollars that they are looking to deploy, their deal size would be at least a little bigger than MM, i would think. someone correct me if i'm wrong.
Well, it's not like they are investing all $3 billion that they raised in one deal. And I have talked with several PE professionals who have around $3-5 billion AUM, mostly new funds in the real estate space, that are investing $100 million in debt pieces, $150 million in a hotel property. These are typical. And these are middle-market deal sizes
that's probably considered a mid-sized fund. the terminology i think more reflects the average size of the equity investment that the fund is targeting, not necessarily the fund size, although the two tend to be highly correlated. i also don't agree that you need to look at carlyle's and blackstone's AUMs as guidelines for what mega fund status. a large portion of those AUMs are not PE.
Ex voluptates aspernatur nihil sit rerum reprehenderit exercitationem. Libero dolorem corporis animi cumque excepturi et. Recusandae rem vitae ipsa maxime debitis architecto placeat.
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