What do you consider a small/medium/large PE fund?

Hey everyone,

I am trying to understand how to categorize various PE shops. Do you categorize their size in terms of $ of assets under management? And what is the range in $ difference between a small fund, medium fund and large fund? Better yet, what are the actual terms that you guys use to categorize the size of PE shops?

Thanks in advance.

5 Comments
 
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Repost:

Mega Fund (recent fund > $5bn) Upper Middle Market (recent fund between $2-5bn) Middle Market (recent fund between $0.5bn-2bn) Lower Middle Market (recent fund $0.5bn)

Though it also depends on avg ticket size and strategy (LBO vs Growth) as well..

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