PERE 50 2015 - Real Estate Private Equity Rankings

I haven't seen it posted here and I used to post them annually, so here it is - the 2015 real estate private equity rankings, made up of all the names you would expect. Still, there are some newcomers (Greystar, Almanac) and a couple of big falls and rises. If nothing else, it's good to keep up with and fantastic for finding places to apply to.

AttachmentSize
PERE 50.pdf 1.11 MB1.11 MB

Real Estate Modeling Course

  • Real-life RE Modeling Tests from actual Interviews
  • Various asset classes including multi-family, commercial and more
  • Huge discount - until more tests and cases added

Comments (45)

May 20, 2015 - 10:12am
IRRelevant:

Cool. Thanks.

It's a pretty solid site. I wish I had thousands of dollars to pay for a full membership, but alas haha.

Commercial Real Estate Developer

May 20, 2015 - 4:18pm
gatorman:

Dat 1st place-to-2nd place delta...Holy shit Blackstone

Jonathan Gray is a beast

Commercial Real Estate Developer

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
May 24, 2015 - 12:48am

Thanks for posting!

Have compassion as well as ambition and you’ll go far in life
Jun 9, 2015 - 10:44am

In the Exec Summary they say no banks made this year's list. Does anyone know why? Don't some banks still manage large funds, or were the sold/made separate entities?

I'm currently at a bb, and we def are investing equity, but are not PE. But DB, JP Morgan, GS - do they not manage funds too? I'm pretty sure they were on the list in the past.

Jun 15, 2015 - 11:46am
youngunner:

In the Exec Summary they say no banks made this year's list. Does anyone know why? Don't some banks still manage large funds, or were the sold/made separate entities?

I'm currently at a bb, and we def are investing equity, but are not PE. But DB, JP Morgan, GS - do they not manage funds too? I'm pretty sure they were on the list in the past.

It's based on equity raised. Banks were pummeled during the downturn and have yet to recover

Jun 9, 2015 - 2:31pm

The ranking measures equity raised in the last few years - MS and GS funds got crushed in the downturn and my understanding is that they have not raised new funds since. MS just raised $400M for fund 8 but nowhere near as large as previous funds nor enough to make the list.

Jun 16, 2015 - 9:09pm

The PERE Top 50 Private Equity Real Estate Groups (Originally Posted: 09/27/2013)

Here you go, PERE Top 50 Private Equity Real Estate Groups of 2013

2013 Rank | Name of Firm | Capital Raised ($bn)

  1. The Blackstone Group | $31.947
  2. Starwood Capital Group | $7.868
  3. Lone Star Funds | $7.864
  4. Colony Capital | $7.709
  5. LaSalle Investment Management | $7.395
  6. Tishman Speyer | $7.340
  7. The Carlyle Group | $7.337
  8. Goldman Sachs Real Estate Principal Investment Area | $5.626
  9. Brookfield Asset Management | $5.250
  10. MGPA | $5.200

  11. Morgan Stanley Real Estate Investing | $4.767

  12. CBRE Global Investors | $4.181
  13. Westbrook Partners | $4.088
  14. AREA Property Partners | $4.055
  15. Angelo, Gordon & Co. | $3.798
  16. Prudential Real Estate Investors | 3.531
  17. Shorenstein Properties | $3.295
  18. CapitaLand | $3.295
  19. Fortress Investment Group | $3.159
  20. TA Associates Realty | $3.068
  21. Oaktree Capital Management | $3.021
  22. Bank of America Merrill Lynch Global Principal Investments | $2.992
  23. Walton Street Capital | $2.887
  24. Northwood Investors | $2.809
  25. Perella Weinberg Partners | $2.710
  26. Lubert-Adler Partners | $2.604
  27. AEW Global | $2.561
  28. Beacon Capital Partners | $2.541
  29. Orion Capital Managers | $2.491
  30. Alpha Investment Partners | $2.420
  31. DRA Advisors | $2.250
  32. KSL Capital Partners | $2.211
  33. ARA Asset Management | $2.074
  34. Rockpoint Group | $1.952
  35. Niam | $1.910
  36. Hemisferio Sul Investimentos | $1.899
  37. Hines | $1.884
  38. GI Partners | $1.864
  39. Cerberus Capital Management | $1.830
  40. GTIS Partners | $1.791
  41. Invesco Real Estate | $1.662
  42. Crow Holdings | $1.649
  43. CIM Group | $1.632
  44. Rockwood Capital | $1.629
  45. Berkshire Property Advisors | $1.619
  46. Harrison Street Real Estate Capital | $1.518
  47. GE Capital Real Estate | $1.514
  48. Kayne Anderson Real Estate Advisors | $1.411
  49. Spear Street Capital | $1.400
  50. Stockbridge Capital Group | $1.370

Source: http://www.perenews.com/

Commercial Real Estate Developer

Jun 16, 2015 - 9:10pm

Same names, but some big movements. Many funds are raising big equity.

Please don't quote Patrick Bateman.

Jun 16, 2015 - 9:12pm

DBCooper:

Same names, but some big movements. Many funds are raising big equity.

Ya I agree. Some highlights:

15 of the 50 are newcomers to the list, including 18. CapitaLand, 21. Oaktree, and 25. Perella Weinberg.

Starwood jumped from 12 to 2, LaSalle jumped from 10 to 5, and Brookfield jumped from 23 to 9. Beacon fell from 8 to 28, Hines from 22 to 37, Morgan Stanley from 2 to 11.

Commercial Real Estate Developer

Jun 16, 2015 - 9:13pm

Darkstar19:

Damn, it's tight between 2-7

What blows me away, even know I know how big they are, is how dramatically ahead of EVERYONE Jon Grey is at #1. They're 4x ahead of Starwood at #2. FOUR TIMES!

Commercial Real Estate Developer

Jun 16, 2015 - 9:17pm

Some on the list are not what I would consider REPE, but more like traditional real estate investors and developers, like Brookfield, Tishman Speyer and also Capitalland which develops large commercial properties esp malls in Asia.

Too late for second-guessing Too late to go back to sleep.
Jun 16, 2015 - 9:20pm

True there are some not "pure" REPE guys, but that capital raise for Brookfield is an opportunity/value fund, and it's not part of the REIT. TS is private equity, but I'd expect mostly for construction obviously.

In this case, the list is for PE moneys, and even the operators raise equity capital in a similar x/xx% format (TS, Hines, Vornado, etc.)

Jun 16, 2015 - 9:18pm

Blackstone as a corporation = BSD

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.
Jun 16, 2015 - 9:22pm

PERE Top 50 2014 (Originally Posted: 05/07/2014)

The new list was just released. If someone has access to it...can you PM me? I don't want to wait until tomorrow to check. Thanks.

Please don't quote Patrick Bateman.

Jun 16, 2015 - 9:27pm

Anyway I can get a copy of this report as well? I don't have enough banana points to PM. Thanks.

"Ric Flair Drip"
Jun 16, 2015 - 9:25pm

2014 Rank | Name of Firm | Capital Raised ($bn) | 2013 Rank

1 The Blackstone Group $32.129 1
2 Lone Star Funds $12.500 3
3 Starwood Capital Group $8.661 2
4 Colony Capital $7.454 4
5 Brookfield Asset Management $6.928 9
6 Tishman Speyer $5.757 6
7 Angelo, Gordon & Co $4.606 15
8 Westbrook Partners $4.532 13
9 Oaktree Capital Mangement $4.496 21
10 Global Logistic Properties $4.400 –
11 Walton Street Capital $4.189 23
12 GI Partners $3.524 38
13 Orion Capital Managers $3.523 29
14 The Carlyle Group $3.434 7
15 Fortress Investment Group $3.159 19
16 TA Associates Realty $3.055 20
17 CapitaLand $2.895 18
18 Cerberus Capital Management $2.650 39
19 LaSalle Investment Management $2.557 5
20 Beacon Capital Partners $2.541 28
21 Hines $2.471 37
22 Northwood Investors $2.381 24
23 Rockpoint Group $2.330 34
24 Prudential Real Estate Investors $2.315 16
25 GTIS Partners $2.287 40
26 Ares Management (fka AREA Property Partners) $2.214 14
27 KSL Capital Partners $2.211 32
28 Secured Capital $2.207 61
29 Rialto Capital Management $2.130 –
30 DRA Advisors $2.100 31
31 Merlone Geier Partners $1.879 –
32 Paramount Group $1.853 –
33 CBRE Global Investors $1.809 12
34 Perella Weinberg Partners $1.747 25
35 Hemisferio Sul Investimentos $1.700 36
36 Alpha Investment Partners $1.653 30
37 Gaw Capital Partners $1.628 84
38 Harrison Street Real Estate Capital $1.602 46
39 Kayne Anderson Capital Advisors $1.601 48
40 Phoenix Property Investors $1.562 68
41 Kildare Partners $1.500 –
42 DivcoWest $1.493 75
43 Patron Capital $1.407 60
44 Mapletree Investments $1.400 59
45 GreenOak Real Estate $1.398 –
46 Heitman $1.351 89
47 GE Capital Real Estate $1.348 47
48 The JBG Companies $1.329 53
49 Related Companies $1.325 54
50 Tristan Capital Partners $1.300 –

TOTAL EQUITY RAISED SINCE 2009 $176.519

Jun 16, 2015 - 9:29pm

Lone Star, Angelo Gordon, Oaktree and Global Logistic Properties making moves.

Lone Star is on fire. Since 2010 these guys have raised between their real estate funds and distressed commercial debt funds: $22.0 billion. This isn't even including the $12 billion they are currently raising.

Does Global Logistic Properties (GLP) really qualify as PERE? These guys are ridiculous btw.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Start Discussion

Total Avg Compensation

April 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (35) $364
  • Associates (190) $234
  • 2nd Year Analyst (107) $150
  • Intern/Summer Associate (96) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (394) $132
  • Intern/Summer Analyst (324) $82