Top Cities for Private Equity in US and Internationally

Just out of curiosity, what would be your top 5 or so private equity markets in the US and Internationally for private equity activity? Obviously, NYC is tops in the US, but I'm assuming that Chicago, Houston, Dallas, and DC probably get a fair share, right? Also, even though Euro cities are probably doing well in this area right now, do you see any China or India cities becoming hotbeds for private equity in the near future?

Comments (29)

 
Jul 16, 2010 - 8:31am

depends on how you define private equity. if you include venture capital in your definition then the san francisco bay area and boston too are top spots.

in europe, the large funds tend to have offices in London (of course) and then in the markets that they wanna invest in. frankfurt, munich, paris, stockholm, amsterdam and warsaw (covering alot of CEE countries) are probably the biggest ones.

 
Jul 17, 2010 - 9:30pm

^Hmm no Chinese cities on the list for private equity? Also, how are Mumbai, Bangalore, and some of the other big Indian cities as far as PE activity is concerned or is Delhi virtually the only one in that space?

Pretty women make us BUY beer. Ugly women make us DRINK beer.
 
Jul 21, 2010 - 1:46pm

Well, in PE space, you have got LPs (specially PE FoF guys) and GPs.. While worling with a PE Market Research Firm, had a chance to work on FundForum.. What fascinated me was Fund Placement Agents..

Have had difficulty tracking FundPlacements..

Suggestion: Top Conferencesof the Industry have TOP guys as Speakers..

Easy to track PE with CapIQ and other DBs.. Just information in this era of banking does cost you a lot..

Mia from Mumbai

 
Jul 28, 2010 - 3:55pm

Why is everyone leaving out Chicago. Chicago is definitely top 3 cities in the US. All the following firms are in Chicago.
Adams Street Partners
Allstate Investments, LLC
American Capital
Baird Capital Partners
BDT Capital Partners
Beecken Petty O'Keefe
Bounds Equity Partners
Calder Capital Partners
Chicago Growth Partners
CIVC Partners
Code Hennessy & Simmons
Concentric Equity Partners
Cressey & Company
Edgewater Funds
Flexpoint Partners, LLC
Frontenac Company
Glencoe Capital
Goense & Company
GTCR Golder Rauner
Lake Capital
Lake Pacific Partners
LaSalle Capital Group
Madison Dearborn Partners
Merit Capital Partners
Mesirow Financial
Mid Oaks Investments
Pfingsten Partners
Prairie Capital
Prospect Partners, LLC
RCP Advisors
Reliant Equity Investors
Roundtable Healthcare Partners
Silver Oak Services Partners
Shore Capital Partners
Svoboda Capital Partners
Thoma Bravo
Thoma Cressey Equity Partners
Tudor Ventures
Valor Equity Partners
Water Street Healthcare Partners
Waud Capital Partners
Willis Stein and Partners
Wind Point Partners
Winona Capital Management
Wynnchurch Capital

 
Jul 28, 2010 - 4:19pm

ajg1137:
Why is everyone leaving out Chicago. Chicago is definitely top 3 cities in the US. All the following firms are in Chicago.
Adams Street Partners
Allstate Investments, LLC
American Capital
Baird Capital Partners
BDT Capital Partners
Beecken Petty O'Keefe
Bounds Equity Partners
Calder Capital Partners
Chicago Growth Partners
CIVC Partners
Code Hennessy & Simmons
Concentric Equity Partners
Cressey & Company
Edgewater Funds
Flexpoint Partners, LLC
Frontenac Company
Glencoe Capital
Goense & Company
GTCR Golder Rauner
Lake Capital
Lake Pacific Partners
LaSalle Capital Group
Madison Dearborn Partners
Merit Capital Partners
Mesirow Financial
Mid Oaks Investments
Pfingsten Partners
Prairie Capital
Prospect Partners, LLC
RCP Advisors
Reliant Equity Investors
Roundtable Healthcare Partners
Silver Oak Services Partners
Shore Capital Partners
Svoboda Capital Partners
Thoma Bravo
Thoma Cressey Equity Partners
Tudor Ventures
Valor Equity Partners
Water Street Healthcare Partners
Waud Capital Partners
Willis Stein and Partners
Wind Point Partners
Winona Capital Management
Wynnchurch Capital

Flow.

 
Jul 28, 2010 - 5:32pm

There's more industrials deal flow in Chicago than TMT flow in SF. Plus, the Chicago/great lakes region has more economic diversity than SF. If SF is top 3 for TMT, then Houston should be as well for energy.

NY>LA>Chicago>Boston>SF>DC>Houston/Dallas>Miami>Seattle for PE

 
Jul 28, 2010 - 6:07pm

^ Then:
Tier 1 - NY, Boston, Chicago, LA
Tier 2 - SF, Houston/Dallas, Miami, Seattle, DC
Tier 3 - Charlotte, Baltimore, Detroit, Cleveland, Minneapolis, Phoenix, Philly, Milwaukee, Denver, St. Louis, Austin, etc.

International:
Tier 1 - Hong Kong, London, Frankfurt, Zurich, Tokyo
Tier 2 - Dubai, Caymans/Bermuda, Shanghai, Mumbai

 
Dec 23, 2013 - 12:07pm

ajg1137:

^ Then:
Tier 1 - NY, Boston, Chicago, LA
Tier 2 - SF, Houston/Dallas, Miami, Seattle, DC
Tier 3 - Charlotte, Baltimore, Detroit, Cleveland, Minneapolis, Phoenix, Philly, Milwaukee, Denver, St. Louis, Austin, etc.

International:
Tier 1 - Hong Kong, London, Frankfurt, Zurich, Tokyo
Tier 2 - Dubai, Caymans/Bermuda, Shanghai, Mumbai

Internationally you can't forget Munich (instead of Frankfurt). Zurich I'm not too sure about.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

See my Blog & AMA

 
Jul 28, 2010 - 6:23pm

Tier 1 : NYC, SF, LA
Tier 2 : Boston, Chicago, Houston, Charlotte, D.C.

  • Banker who is interviewing with PE firms now

ajg stop trolling for chicago. "There's more industrials deal flow in Chicago than TMT flow in SF." lol you are so wrong.

SF is not just TMT, you have healthcare, sponsors/levfin, M&A, Gaming, etc.

 
Jul 29, 2010 - 2:16pm

Well if you have never heard of them then I guess they suck.

You are 100% right about VC - SF is king. I didnt consider it in my tiering.

 
Jul 29, 2010 - 3:28pm

SF/Menlo Park has 33 of the PEI top 300 firms, if you include TPG (not really based in Ft Worth) and NEA (HQ is really on Sand Hill Rd in the Valley). Boston has 21, if you include Providence Equity (45 min drive from Boston, similar to Menlo).

Chicago has 6 of the top 300. LA has 8.

NYC is the Mecca of US private equity. SF and Boston are right behind, supported by their VC funds but they also have megafund HQs (SF has KKR, TPG, Silver Lake; Boston has Bain, Advent, Providence and THL). Chicago and LA have good sized PE industries but not the same level as SF/Boston and nowhere near NYC.

 
Jul 31, 2010 - 6:30pm

Toronto has a surprising amount of flow that not a lot of people know about. Especially companies in materials and energy. The transactions usually arn't that big but a lot of smaller transactions adds up, and it even continued to grow through 2008-2009.
Standard of living in Toronto is pretty good too. I'm not complaining.

 
Jul 31, 2010 - 11:31pm

You guys are clueless -- as gomes said, NY is the clear #1 for PE/VC, with SF and Boston right behind. Chicago and LA are still good for PE/VC, but not on the same level as the top three.

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