12 Comments
 
Most Helpful

1

Blackstone

New York

2

Blue Owl Capital

New York

3

Brookfield Asset Management

New York

4

Ares Management

Los Angeles

5

BGO

New York

6

TPG

San Francisco

7

Starwood Capital Group

Miami Beach

8

The Carlyle Group

Washington DC

9

KKR

New York

10

GLP

Singapore

11

Pretium

New York

12

EQT

Stockholm

13

ESR Group

Singapore

14

BNP Paribas Asset Management Alts*

Puteaux

15

KSL Capital Partners

Denver

16

Bain Capital

Boston

17

AEW

Boston

18

Hines

Houston

19

Harrison Street Asset Management

Chicago

20

Greystar Real Estate Partners

Charleston

21

PGIM

Newark

22

Bridge Investment Group

Salt Lake City

23

Aermont Capital

Luxembourg

24

Cerberus Capital Management

New York

25

Goldman Sachs Asset Management

New York

26

Oaktree Capital Management

Los Angeles

27

Tishman Speyer

New York

28

Crow Holdings Capital

Dallas

29

Artemis Real Estate Partners

Chevy Chase

30

PAG

Hong Kong

31

Dream

Toronto

32

DNE

Shanghai

33

Azora

Madrid

34

Kayne Anderson

Los Angeles

35

Urban Partners

Copenhagen

36

Morgan Stanley Investment Management

New York

37

CBRE Investment Management

New York

38

Sculptor Capital Management

New York

39

GoHigh Capital

Beijing

40

Rockpoint

Boston

41

Schroders Capital

London

42

Tristan Capital Partners

London

43

CapitaLand Investment

Singapore

44

Investcorp

Manama

45

Sino-Ocean Capital

Beijing

46

Partners Group

Baar

47

Gaw Capital Partners

Hong Kong

48

Macquarie Asset Management

Sydney

49

Invesco Private Markets

Atlanta

50

Mapletree

Singapore

51

LBA Realty

Irvine

52

FPA Multifamily

San Francisco

53

Heitman

Chicago

54

LaSalle Investment Management

Chicago

55

Related Fund Management

New York

56

Warburg Pincus

New York

57

ICG

London

58

Harbor Group International

Norfolk

59

PIMCO

Newport Beach

60

Waterton

Chicago

61

TA Realty

Boston

62

Lone Star Funds

Dallas

63

BlackRock

New York

64

DFI

London

65

Berkshire Residential Investments

Boston

66

Enterprise Community Partners

Columbia

67

Affinius Capital

San Antonio

68

Barings

Charlotte

69

Marble Capital

Houston

70

Prime Group Holdings

Saratoga Springs

71

COIMA SGR

Milan

72

Carmel Partners

San Francisco

73

CIM Group

Los Angeles

74

LCN Capital Partners

New York

75

GTIS Partners

New York

76

JP Morgan Asset Management

New York

77

Keppel Ltd

Singapore

78

Centerbridge Partners

New York

79

Almanac Realty Investors

New York

80

FCP

Chevy Chase

81

Phoenix Property Investors

Hong Kong

82

American Landmark Apartments

Tampa

83

Sagard

Toronto

84

Covenant Capital Group

Nashville

85

Gsun Fund Management

Suzhou

86

Dermody

Reno

87

Cortland

Atlanta

88

Hillhouse Investment

Singapore

89

Stoneshield

Luxembourg

90

DRA Advisors

New York

91

HIG Capital

Miami

92

Henderson Park Capital Partners

London

93

Asana Partners

Charlotte

94

Ardian

Paris

95

Conversant Capital

Summit

96

Nuveen

New York

97

Pantzer Properties

New York

98

NorthPoint Development

Kansas City

99

Mesirow

Chicago

100

KingSett Capital

Toronto

 

^Just cleaning up the above. Give him the SBs.

  1. Blackstone
  2. Blue Owl Capital
  3. Brookfield Asset Management
  4. Ares Management
  5. BGO
  6. TPG
  7. Starwood Capital Group
  8. The Carlyle Group
  9. KKR
  10. GLP
  11. Pretium
  12. EQT
  13. ESR Group
  14. BNP Paribas Asset Management Alts*
  15. KSL Capital Partners
  16. Bain Capital
  17. AEW
  18. Hines
  19. Harrison Street Asset Management
  20. Greystar Real Estate Partners
  21. PGIM
  22. Bridge Investment Group
  23. Aermont Capital
  24. Cerberus Capital Management
  25. Goldman Sachs Asset Management
  26. Oaktree Capital Management
  27. Tishman Speyer
  28. Crow Holdings Capital
  29. Artemis Real Estate Partners
  30. PAG
  31. Dream
  32. DNE
  33. Azora
  34. Kayne Anderson
  35. Urban Partners
  36. Morgan Stanley Investment Management
  37. CBRE Investment Management
  38. Sculptor Capital Management
  39. GoHigh Capital
  40. Rockpoint
  41. Schroders Capital
  42. Tristan Capital Partners
  43. CapitaLand Investment
  44. Investcorp
  45. Sino-Ocean Capital
  46. Partners Group
  47. Gaw Capital Partners
  48. Macquarie Asset Management
  49. Invesco Private Markets
  50. Mapletree
  51. LBA Realty
  52. FPA Multifamily
  53. Heitman
  54. LaSalle Investment Management
  55. Related Fund Management
  56. Warburg Pincus
  57. ICG
  58. Harbor Group International
  59. PIMCO
  60. Waterton
  61. TA Realty
  62. Lone Star Funds
  63. BlackRock
  64. DFI
  65. Berkshire Residential Investments
  66. Enterprise Community Partners
  67. Affinius Capital
  68. Barings
  69. Marble Capital
  70. Prime Group Holdings
  71. COIMA SGR
  72. Carmel Partners
  73. CIM Group
  74. LCN Capital Partners
  75. GTIS Partners
  76. JP Morgan Asset Management
  77. Keppel Ltd
  78. Centerbridge Partners
  79. Almanac Realty Investors
  80. FCP
  81. Phoenix Property Investors
  82. American Landmark Apartments
  83. Sagard
  84. Covenant Capital Group
  85. Gsun Fund Management
  86. Dermody
  87. Cortland
  88. Hillhouse Investment
  89. Stoneshield
  90. DRA Advisors
  91. HIG Capital
  92. Henderson Park Capital Partners
  93. Asana Partners
  94. Ardian
  95. Conversant Capital
  96. Nuveen
  97. Pantzer Properties
  98. NorthPoint Development
  99. Mesirow
  100. KingSett Capital
 

Not a fall off, the rankings are purely based off of capital raised. If you look into it, Lone Star basically didn’t do a single deal from 2022-2024. I’d bet they are coming out of this cycle relatively unscathed compared to most RE groups.

 

The full PERE list 1-200 is below. Disre (above poster) sent it to me and I just cleaned it up so give him the SBs. 

A few high-level stats, with a total of $830B raised. For every $1 raised, half is going to Top 25 and 2/3rds is going to Top 50.

- Top 5 ($186B / 22%)

- Top 10 ($275B / 33%)

- Top 25 ($412B / 50%)

- Top 50 ($557B / 67%)

1. Blackstone | 52,237
2. Blue Owl Capital | 45,157
3. Brookfield Asset Management | 39,677
4. Ares Management | 26,611
5. BGO | 22,067
6. TPG | 20,374
7. Starwood Capital Group | 19,227
8. The Carlyle Group | 17,848
9. KKR | 17,100
10. GLP | 14,504
11. Pretium | 13,569
12. EQT | 11,877
13. ESR Group | 10,032
14. BNP Paribas Asset Management Alts* | 9,811
15. KSL Capital Partners | 8,991
16. Bain Capital | 8,980
17. AEW | 8,820
18. Hines | 8,745
19. Harrison Street Asset Management | 8,382
20. Greystar Real Estate Partners | 8,245
21. PGIM | 8,208
22. Bridge Investment Group | 8,096
23. Aermont Capital | 7,903
24. Cerberus Capital Management | 7,861
25. Goldman Sachs Asset Management | 7,711
26. Oaktree Capital Management | 7,617
27. Tishman Speyer | 7,598
28. Crow Holdings Capital | 7,287
29. Artemis Real Estate Partners | 7,162
30. PAG | 7,129
31. Dream | 7,110
32. DNE | 7,049
33. Azora | 6,964
34. Kayne Anderson | 6,902
35. Urban Partners | 6,404
36. Morgan Stanley Investment Management | 6,032
37. CBRE Investment Management | 5,902
38. Sculptor Capital Management | 5,485
39. GoHigh Capital | 5,279
40. Rockpoint | 5,142
41. Schroders Capital | 5,120
42. Tristan Capital Partners | 4,999
43. CapitaLand Investment | 4,991
44. Investcorp | 4,604
45. Sino-Ocean Capital | 4,560
46. Partners Group | 4,454
47. Gaw Capital Partners | 4,384
48. Macquarie Asset Management | 4,382
49. Invesco Private Markets | 4,364
50. Mapletree | 4,348
51. LBA Realty | 4,263
52. FPA Multifamily | 4,120
53. Heitman | 4,082
54. LaSalle Investment Management | 3,989
55. Related Fund Management | 3,909
56. Warburg Pincus | 3,798
57. ICG | 3,564
58. Harbor Group International | 3,501
59. PIMCO | 3,331
60. Waterton | 3,330
61. TA Realty | 3,327
62. Lone Star Funds | 3,319
63. BlackRock | 3,176
64. DFI | 3,096
65. Berkshire Residential Investments | 3,023
66. Enterprise Community Partners | 2,980
67. Affinius Capital | 2,940
68. Barings | 2,892
69. Marble Capital | 2,881
70. Prime Group Holdings | 2,846
71. COIMA SGR | 2,828
72. Carmel Partners | 2,786
73. CIM Group | 2,764
74. LCN Capital Partners | 2,745
75. GTIS Partners | 2,703
76. JP Morgan Asset Management | 2,676
77. Keppel Ltd | 2,661
78. Centerbridge Partners | 2,638
79. Almanac Realty Investors | 2,618
80. FCP | 2,610
81. Phoenix Property Investors | 2,582
82. American Landmark Apartments | 2,526
83. Sagard | 2,518
84. Covenant Capital Group | 2,478
85. Gsun Fund Management | 2,439
86. Dermody | 2,433
87. Cortland | 2,420
88. Hillhouse Investment | 2,388
89. Stoneshield | 2,374
90. DRA Advisors | 2,280
91. HIG Capital | 2,279
92. Henderson Park Capital Partners | 2,272
93. Asana Partners | 2,209
94. Ardian | 2,096
95. Conversant Capital | 2,077
96. Nuveen | 2,052
97. Pantzer | 2,043
98. NorthPoint Development | 2,007
99. Mesirow | 1,995
100. KingSett Capital | 1,951
101. MDH Partners | 1,950
102. Walton Street Capital | 1,949
103. Periskop Partners | 1,908
104. Noble Investment Group | 1,907
105. Equus Capital Partners | 1,889
106. Areim | 1,883
107. ICONIQ Capital | 1,876
108. Valor Real Estate Partners | 1,859
109. The Milestone Group | 1,850
110. Faropoint | 1,839
111. Longpoint | 1,822
112. Cabot Properties | 1,808
113. PCCP | 1,800
114. Westport Capital Partners | 1,770
115. Patrizia | 1,734
116. Abacus Capital Group | 1,693
117. Hillpointe | 1,678
118. AllianceBernstein | 1,642
119. Stonelake Capital Partners | 1,602
120. Pennybacker Capital | 1,600
121. Third Lake Partners | 1,590
122. Hackman Capital Partners | 1,586
123. Ascentris | 1,582
124. Whitman Peterson | 1,564
125. The Vistria Group | 1,520
126. Realterm | 1,510
127. Beacon Capital Partners | 1,505
128. ElmTree Funds | 1,504
129. Northbridge Partners | 1,503
130. Wentworth Capital | 1,495
131. Griffin Capital | 1,484
132. Fairfield Residential | 1,470
133. Hony Capital | 1,460
134. Alterra Property Group | 1,449
135. Bell Partners | 1,445
136. Fundamental Advisors | 1,425
137. StepStone Group | 1,412
138. Greykite | 1,400
139. Apollo Global Management | 1,399
140. Kennedy Wilson | 1,381
141. MCR Hotels | 1,376
142. JEN Partners | 1,375
143. Rethink Capital Partners | 1,365
144. Lubert-Adler Real Estate Funds | 1,308
145. Goodman Group | 1,300
146. DivcoWest | 1,278
147. Phoenix Capital Management | 1,277
148. The BlackChamber Group | 1,275
149. Stockbridge | 1,271
150. CrossHarbor Capital Partners | 1,257
151. Town Lane | 1,250
152. Fortress Investment Group | 1,239
153. Southwest Value Partners | 1,235
154. SROA Capital | 1,219
155. BroadVail Capital Partners | 1,207
156. Peakline Partners | 1,194
157. Osso Capital | 1,181
158. Pinebridge Benson Elliot | 1,179
159. Harbert Management Corporation | 1,167
160. CapRock Partners | 1,165
161. Wheelock Street Capital | 1,156
162. Azure Capital | 1,151
163. Breakthrough Properties | 1,129
164. Eagle Rock Properties | 1,107
165. Farallon Capital Management | 1,098
166. Dalfen Industrial | 1,089
167. Praedium Group | 1,088
168. The Davis Companies | 1,075
169. Argosy Capital | 1,075
170. Marcus Partners | 1,066
171. Ascendant Capital Partners | 1,048
172. The Arden Group | 1,044
173. Slate Asset Management | 1,042
174. Griffis Residential | 1,042
175. Stream Realty Partners | 1,036
176. Brasa Capital | 1,032
177. Stockdale Capital Partners | 1,029
178. Bridges Fund Management | 1,023
179. Crosstree Real Estate Partners | 1,023
180. Sagehall | 1,020
181. General Atlantic | 1,020
182. BC Partners | 1,018
183. Meadow Partners | 1,013
184. CBC Group | 1,005
185. GreenPoint Partners | 1,000
186. JRK Property Holdings | 1,000
187. King Street Capital Management | 1,000
188. HighBrook Investors | 995
189. Prologis | 979
190. Lennar Corporation | 979
191. Drake Real Estate Partners | 975
192. Patron Capital Partners | 972
193. Elion Partners | 963
194. DLP Capital Partners | 944
195. TruAmerica Multifamily | 943
196. Tikehau Capital | 927
197. Penwood Real Estate Investment Management | 913
198. SC Capital Partners | 907
199. Fiera Real Estate | 902
200. Real Asset Management | 901

 

Here is the PERE 100 Credit. If someone wants to format feel free

1

BNP Paribas Asset Management Alts

27,064

Paris

2

PGIM

18,764

Newark

3

Pretium

14,729

New York

4

ACORE Capital

12,515

San Francisco

5

Blackstone

11,210

New York

6

PAG

10,261

Hong Kong

7

Rialto Capital

9,756

Miami

8

Blue Owl Capital

9,572

New York

9

Goldman Sachs Asset Management

8,572

New York

10

Berkshire Residential Investments

8,438

Boston

11

Metrics Credit Partners

8,145

Sydney

12

BGO

7,275

New York

13

Qualitas

7,239

Melbourne

14

Ares Management

7,126

Los Angeles

15

Kayne Anderson

6,245

Los Angeles

16

PIMCO

6,063

Newport Beach

17

Cheyne Capital Management

6,024

London

18

TPG

6,022

San Francisco

19

Bridge Investment Group

5,796

Salt Lake City

20

Prime Finance Advisors

5,639

New York

21

Affinius Capital

5,631

San Antonio

22

Balbec Capital

5,290

New York

23

Madison Realty Capital

5,270

New York

24

Harrison Street Asset Management

5,248

Chicago

25

Brookfield Asset Management

5,216

New York

26

Oaktree Capital Management

5,156

Los Angeles

27

Nuveen

4,554

New York

28

Barings

4,359

Charlotte

29

AllianceBernstein

4,175

Nashville

30

Värde Partners

3,954

New York

31

BDT & MSD Partners

3,653

Chicago

32

MaxCap Group

3,618

Melbourne

33

Torchlight Investors

3,407

New York

34

Silverstein Properties

3,367

New York

35

AgFe

3,340

London

36

Related Fund Management

3,311

New York

37

Heitman

3,295

Chicago

38

KKR

3,229

New York

39

Starwood Capital Group

3,149

Miami Beach

40

AEW

3,121

Boston

41

ICG

2,994

London

42

Harbor Group International

2,704

Norfolk

43

Intervest Capital Partners

2,676

New York

44

BlackRock

2,656

New York

45

Schroders Capital

2,654

London

46

Morgan Stanley Investment Management

2,581

New York

47

Sound Point Capital Management

2,507

New York

48

Benefit Street Partners & Apera

2,409

New York

49

PCCP

2,402

Los Angeles

50

LaSalle Investment Management

2,304

Chicago

51

TCI Fund Management

2,300

London

52

Amundi Group

2,219

Paris

53

KSL Capital Partners

2,205

Denver

54

M&G Investments

2,129

London

55

Bain Capital

2,009

Boston

56

Angel Oak Commercial Lending

1,992

Atlanta

57

Kennedy Lewis Investment Management

1,949

New York

58

Kotak Investment Advisors

1,910

Mumbai

59

Almanac Realty Investors Neuberger Berman

1,901

New York

60

Greystone

1,843

New York

61

Aukera Real Estate AG

1,840

Essen

62

Derby Lane Partners

1,800

New York

63

Arrow Global

1,794

London

64

CapitaLand Investment

1,780

Singapore

65

DRC Savills Investment Management

1,751

London

66

Pluto Finance

1,730

London

67

VWH Capital Management

1,721

Dallas

68

Invictus Capital Partners

1,703

Washington, DC

69

Canyon Partners

1,688

Dallas

70

CIM Group

1,583

Los Angeles

71

Greystar Real Estate Partners

1,570

Charleston

72

King Street Capital Management

1,552

New York

73

ACRE

1,510

New York

74

NIAM

1,504

Stockholm

75

Chicago Atlantic

1,498

Chicago

76

Northwind Group

1,488

New York

77

Peachtree Group

1,438

Atlanta

78

Arc70 Capital

1,435

Burlingame

79

DLP Capital Partners

1,405

St Augustine

80

Lone Star Funds

1,397

Dallas

81

Cinnaire Advancing Communities

1,329

Lansing

82

Aberdeen Investments

1,315

London

83

3650 Capital

1,302

Miami

84

Crescent Real Estate

1,296

Fort Worth

85

WNC & Associates

1,274

Irvine

86

Sabal Investment Holdings

1,271

Irvine

87

Fortress Investment Group

1,256

New York

88

Fidelity Investments

1,234

Boston

89

Centerbridge Partners

1,230

New York

90

Locust Point Capital

1,212

Red Bank

91

BridgeInvest

1,156

Miami

92

Arena Investors

1,148

New York

93

Terrano Capital

1,134

Madrid

94

Pearlmark

1,103

Chicago

95

Magnetar Capital

1,089

Evanston

96

Cerberus Capital Management

1,075

New York

97

Cottonwood Group

1,067

Los Angeles

98

Mavik Capital Management

1,020

New York

99

SL Green Realty Corp

1,000

New York

100

Phoenix Property Investors

996

Hong Kong

 

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