The Most Actives in the First Quarter
Every quarter, private equity data provider Pitchbook releases what they call their “Global League Tables.” The report is essentially an accounting of the top investment firms through the reported quarter. Which companies show up on top for the first quarter of 2024? Here’s a look.
The Most Active in the U.S.
The first look is the most active in the U.S. Before looking, can you guess which firms show up on top? Interesting, the top five includes (number of deals in parentheses) Ares (27), the Blackstone Group (23), Shore Capital Partners (22), Leonard Green & Partners (18), and Trivest Partners (16).
Rounding out the top ten are GTCR (15), New Mountain Finance (15), Altas Partners (14), Audax Private Equity (14), and KKR Credit (14).
Surprisingly, some of the usual big players were absent from the top ten in the first quarter of 2024, including Bain Capital (12), Harvest Partners (10), the Carlyle Group (10), Apollo Capital Management (9), and the Goldman Sachs Group (8).
The Most Active in Europe
Shifting attention to Europe, the following table has that view. Can you guess which firms show up on top without looking?
By far the number one investment firm in Europe in the first quarter of 2024 was Bpifrance (36). Second place Ardian was far behind with “just” 22 deals. Rounding out the top five were EQT (18), Hg (16), Mubadala Investment Company (16), Silver Lake (16), and Sjatte AP-fonden (16).
The remaining members of the top 10 include BNP Paribas Developpement (15), Berkshire Partners (15), and TA Associates Management (15).
The Most Active Globally
Given the picture pained by the U.S. and Europe, you can likely guess which firms show up on the global most active list. As shown in the following table, on top of the list is Ares (38), followed by Bpifrance (36), KKR Credit (30), the Blackstone Group (29), EQT (27).
The sixth through tenth places were occupied by Mubadala Investment Company (25), Silver Lake (25), TA Associates Management (25), Ardian (24), and Bain Capital (24).
Most Active by Exits
Our last view is the top investment firms ranked by the most exits. As with the other views, can you guess the top five without looking? Here’s the view.
The most active globally in the first quarter was KKR Credit, with 6 exits. The other members of the top five included the Pioneer Fund (5), Ares (4), BNP Paribas Developpement (4), and Bain Capital (4).
Other top exiting firms included (all with 3 exits) Ardian, Bpifrance, Cerberus Capital Management, HarbourVest Partners, Hg, OKX Ventures, and the Goldman Sachs Group.
Summing Up
Overall, although the economy is slowing, investors continue to be active in the private equity and venture capital world.
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