The risers, fallers and newcomers among the PEI 300’s biggest fundraisers
The largest private equity fund to ever close has shifted the face of the top 10 this year, while a host of newcomers have entered the ranking.
As the largest private equity managers continue to expand, it has become increasingly difficult to shake up the top 10 seats in Private Equity International's PEI 300 ranking . And yet, CVC has defied the odds, jumping 11 places to rank fourth this year.
CVC’s impressive rise was prompted by the massive close of its ninth flagship fund, CVC Capital Partners IX, which closed on €26.8 billion against a €25 billion target last July. It is the largest-ever private equity fund, edging ahead of Blackstone Capital Partners VIII, which closed in 2019 on $26.2 billion. In addition, the firm managed to attract $6.8 billion for its latest investment vehicle targeting Asia, CVC Capital Partners Asia VI, despite a sluggish fundraising climate in the region.
CVC listed in April on the Euronext Amsterdam after around three years of speculation that it was laying the groundwork for an initial public offering.
Fresh faces
This year’s PEI 300 welcomes 41 firms that are either new entrants or returners, with San Francisco-based ICONIQ Capital achieving the highest newcomer ranking (85). Other new faces include California-based Khosla Ventures (166), Indian growth investment firm Peak XV Partners (169) and China-based 红杉中国 (126), which spun off from Sequoia Capital last year.
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Head to Private Equity International now , to find out who jumped up the order, and which firms dropped down.
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