Ranking Both Public And Private Megafunds
Saw a shitty thread the other day and the poster was spewing some bullshit about culture and whatever. I'm going to two rankings, one for publicly traded MFs and one for privately held ones (massive differences between either, not an apples-to-apples comparison).
Based on pure prestige (legacy, exits, history, pedigree, selectivity, returns) as well as compensation (total compensation, carried interest, upward mobility, speed of promotions).
If you don't see your fund on here, it is NOT a megafund (20bn+ latest flagship fundraise among other factors), do not spew your monkey shit at me because you're at Apax/Ares/Brookfield/Onex/Vista/Silver Lake and have convinced yourself that you're on the same playing field as APO.
Public Megafunds:
1. Apollo
2. Blackstone
3. KKR
(Large gap)
4. TPG
5. Carlyle
Private Megafunds:
1. Hellman & Friedman
3. Thoma Bravo
(Medium gap)
4. CVC
Hope this was helpful. UMM kids at Bain/Permira please refrain from slinging MS at me.
People with a job don't have the time to go on WSO reading and writing threads all the time like the unemployed you.
Ok engineer at asset management
Bain Cap and Advent? At least those two are clearly missed
I literally just included Bain as an example of UMM kids who think they're at a MF.
Explain to me how TPG is a MF and Bain Cap isn’t.
Latest flagship buyout funds for both is $12B, Bain has more of a storied past with Romney and developing operationally driven PE, Bain has more of a diversified offering of investment vehicles (PE, Credit, Special Sits, Real Estate, Tech Opps, Insurance, Partnership Strategies, Venture, Life Sciences, Public Equity etc.), and lastly Bain is still private yet has nearly the same overall AUM as TPG, meaning there’s a lot more carry to go around because there’s no payouts to shareholders.
Dumbest shit I’ve ever seen lol — you’re saying 20B fundraise is the criteria and excluding SL/Vista (both literally just did a 20B fundraise), and including Warburg (17B)?
Vista is growth equity, SL has tiny AUM and only focuses on one strategy despite decent fund size. Warburg Pincus is the third oldest PE firm on the planet.
.
CD&R should be added to this list.
Raised 23bn.
Eh it's one of those in-betweens in terms of UMM and MF. Tiny AUM however.
EQT?
Yeah buddy I don't know if a firm founded barely 30 years ago in Sweden of all places can be called a megafund.
AUM of USD200bn+ / 2024 YTD PE fundraising of ~USD30bn buddy
Another banger from LowCaliberTalent
No one in the world, not even their CEO, would call onex a megafund
They used to be pretty close in their prime especially with legacy
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