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.
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I hope those threads give you a bit more insight.
I think everyone has their own subjective view, which is largely impacted by their previous experiences.
Coming from a LMM IB, I would say: Small: $500 fund size Medium: $500 - $2000 fund size Large >$2000 fund size
Someone coming from a EB/BB might think of any smaller than $1bn as a small fund
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..
Isn’t that a bit too broad for MF? Heard people throw 10b+ around, which really only leaves 7-10 funds
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