PERE released their annual report on the largest PERE firms yesterday, with the notable jump being GLP from Asia. Seems like the industry is continuing to grow rapidly, marked by their shift from the "PERE 50" to the "PERE 100".
I was able to read it yesterday but have since been paywalled. If someone has access and would like to post that might be helpful.
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Rank / Firm Name / HQ/ Capital Raised in last 5 years ($m)
Blackstone /New York/ 55,251
Brookfield Asset Management/ Toronto/ 29,537
GLP/ Singapore/ 17,155
Starwood Capital Group/ Miami Beach/ 16,839
The Carlyle Group/ Washington DC/ 11,805
Cerberus Capital Management/ New York/ 11,803
Lone Star Funds /Dallas/ 11,600
Pacific Investment Management Co. (PIMCO)/ Newport Beach/ 10,100
AEW /Boston /9,460
Angelo Gordon /New York /8,446
GreenOak Real Estate/ New York/ 7,844
CBRE Global Investors/ Los Angeles/ 7,440
Ares Management/ Los Angeles/ 7,125
Rockpoint Group/ Boston/ 6,829
PGIM Real Estate/ Madison/ 6,681
Westbrook Partners/ New York/ 6,500
GAW Capital/ Hong Kong/ 6,357
Tishman Speyer/ New York/ 6,070
TPG Real Estate/ Fort Worth/ 5,800
Fortress Investment Group/ New York/ 5,747
ESR/ Hong Kong/ 5,004
Tristan Capital Partners/ London/ 4,788
LaSalle Investment Management/ Chicago/ 4,768
Harrison Street Real Estate Capital/ Chicago/ 4,761
CIM Group/ Los Angeles/ 4,675
Crow Holdings Capital Partners/ Dallas/ 4,513
Morgan Stanley Real Estate Investing/ New York/ 4,485
Partners Group/ Zug/4,323
Invesco Real Estate/ New York/ 4,269
Almanac Realty Investors/ New York/ 4,214
Aermont Capital/ London/ 4,134
PAG /Hong Kong /3,900
Kildare Partners/ Hamilton/ 3,857
DivcoWest/ San Francisco/ 3,850
Greystar Real Estate Partners/ Charleston/ 3,714
Oaktree Capital Management/ Los Angeles/ 3,645
Meyer Bergman/ London/ 3,583
DRA Advisors /New York/ 3,431
Exeter Property Group/ Philadelphia /3,397
Bridge Investment Group/ Salt Lake City/ 3,375
Carmel Partners/ San Francisco /3,340
Patrizia Immobilien /Augsburg/ 3,334
Walton Street Capital /Chicago/ 3,292
Rialto Capital Management /Miami /3,251
BlackRock Real Estate/ New York/ 3,182
Heitman /Chicago/ 3,160
KSL Capital Partners/ Denver/ 2,977
JP Morgan Asset Management /New York /2,972
Kayne Anderson Capital Advisors/ Los Angeles /2,971
Harbert Management Corporation/ Birmingham/ 2,795
KKR /New York /2,739
Beacon Capital Partners/ Boston/ 2,664
Hines /Houston/ 2,652
Henderson Park Capital Partners/ London/ 2,500
NREP/ Virum/ 2,374
GTIS Partners/ New York/ 2,190
AXA Investment Managers - Real Assets/ Paris/ 2,158
NIAM /Stockholm /2,133
Artemis Real Estate Partners/ Chevy Chase /2,065
Fir Tree Partners/ New York/ 2,043
InfraRed Capital Partners /London /1,972
KingSett Capital/ Toronto/ 1,948
Northwood Investors/ Denver/ 1,819
Europa Capital/ London /1,795
Orion Capital Managers/ London/ 1,784
Apollo Global Management /New York/ 1,699
LBA Realty /Irvine/ 1,676
Tricon Capital Group/ Toronto/ 1,638
Prospect Ridge Advisors /New York/ 1,590
Waterton/ Chicago /1,560
Paramount Group/ New York/ 1,542
Baring Private Equity Asia /Hong Kong/ 1,530
Oz Management/ New York/ 1,500
Cabot Properties/ Boston/ 1,487
PCCP (Pacific Coast Capital Partners)/ Los Angeles/ 1,487
TA Realty /Boston /1,452
IMT Capital/ Sherman Oaks/ 1,450
Lubert-Adler Real Estate Funds/ Philadelphia/ 1,448
Bell Partners/ Greensboro/ 1,441
SC Capital Partners/ Singapore/ 1,415
Benson Elliot /London /1,394
Iron Point Partners /Washington DC/ 1,383
Wheelock Street Capital /Greenwich/ 1,350
Related Companies /New York /1,341
ActivumSG/ Saint Helier/ 1,320
Hermes Real Estate/ London/ 1,316
Savanna Investment Management /New York/ 1,245
Blue Vista Capital Management /Chicago/ 1,209
Aberdeen Standard Investments /Aberdeen /1,186
Canyon Partners Real Estate/ Los Angeles/ 1,183
Keppel Capital/ Singapore/ 1,170
Brockton Capital /London /1,152
Moorfield Group/ London/ 1,149
Rockwood Capital/ New York/ 1,140
Merlone Geier Partners/ San Francisco/ 1,140
Clearbell Capital/ London /1,129
Hammes Company /Brookfield/ 1,117
Mesirow Financial/ Chicago/ 1,113
Spear Street Capital/ San Francisco/ 1,100
Why is Rockwood #94? Don't they have $30b in AUM?
I copied and pasted this from excel because I suspected they would yank access. The headers should read:
Rank / Firm Name / HQ/ Capital Raised in last 5 years ($m)
There are a few omissions here that don't make sense to me. I feel like Shorenstein and Square Mile should be on this list too and I'm just thinking of them because I interviewed at both this year.
Lone Star has slipped somewhat. Weren't they #3 not so long go?
Couple big mergers happened this year between firms on this list.
Brookfield/OakTree
GreenOak/Bentall Kennedy
Harrison Street/Colliers
Apollo and Oaktree are surprisingly low, maybe because this list is pure RE equity and no RE backed NPL /distressed RE debt??
list should include debt as well
Oaktree Brookfield are also merging, maybe they slowed down fundraising due to that.
Does anybody here know who typically finances GLP?
Met the guys at 54 recently, impressive fundraisers and believe they will go top 20 in the next year or two.
How is Related only #84?
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