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?
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.
Agree with mezzmonkey on SF and Boston. I know Boston has a decent number of good-sized players.
NYC, SF, and Boston are the top 3 pe cities here in the U.S. Other cities have opportunities though. I know the Harvard Business venture capital/private equity club sponsors career treks to not just those cities but also chicago, austin, seattle, london.
I can't say much for the US, but in Europe: London, Zurich, Paris and Frankfurt. Asia: Singapore, New Delhi, Tokyo and Seoul.
^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?
for international, tel-aviv is a huge player, particularly in vc
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
US: NY/Boston/SF Europe: London Asia: Hong Kong/Tokyo
madrid, milan, hamburg, munich have some presence .
in germany it is frankfurt>munich>hamburg>everything else
paris also has quite a lot of presence
LA has a fairly large PE presence as well - Ares, Gores, Platinum Equity, Leonard Green, Oaktree, etc.
Maybe my info on India is out of date but aren't Blackstone, Carlyle, Warburg Pincus, KKR all in Mumbai ? I think the only large PE shops in Delhi that I know of are ChrysCapital and Red Fort.
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.
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
^ I wouldn't put Chicago above Boston. Instead of straight-up rankings, it's more meaningful to make tiers:
1 - NY, Boston, Chi, LA, SF
etc.
^ 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.
Tier 1 : NYC, SF, LA Tier 2 : Boston, Chicago, Houston, Charlotte, D.C.
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.
It's true, I have a Chicago bias, but I am more concerned about the regard given to SF.
Gaming in SF?? really.
Sponsors/LevFin is not an industry. That's like saying PE/Lending.
By the way, there is much more healthcare PE in Chicago than SF - Water Street Healthcare Partners, Roundtable Healthcare Partners, Frontenac, Flexpoint, Beecken Petty O'Keefe, Linden
Never heard of most of those firms, but all the spots I've seen open have been in NYC or LA/SF including a major megafund office there (KKR, TPG, etc.). I'm looking at VC's too which the majority is in SF.
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.
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.
gomes sums it up nicely, my thoughts exactly
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.
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.
yeah - just so there is no confusion here for the youngsters, NY is absolutely not the place to be for VC. Silicon Valley is, THEN cambridge.
I am sorry but can you run Connecticut key word: Private Equity
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