Posted on: December 24, 2012
Last week, we broke down scholar Oliver Gottschalg’s private equity rankings, and now we’re ready to present you with the full list. We’ve spent some time sniffing around various pensions’ figures and, where we could get them, we’ve got some of the reason the top nine pensions in Gottschalg’s rankings made the grade. We’ve also got his full list here, in case you’re wondering if your LBO firm made the upper crust from his survey. Wondering why you didn’t make the cut? You can start by looking up the professor here.
Friedman Fleischer & Lowe
Platinum Equity
SCF Partners
Waterland
GTCR Golder Rauner
Enterprise Investors
TPG Capital
Genstar Capital
Best of the Rest
Topping Gottschalg’s rankings is Friedman Fleischer & Lowe. Tully Friedman
chatted with us for the piece, and, keep in mind (as you’ll see later), he’s got TWO namesake LBO shops on the rankings list.
Tom Gores isn’t just leading what Gottschalg ranks as the #2 LBO shop. Don’t forget, this guy made a big bet on resurrecting
the Detroit Pistons, too.
Taking third place in Gottschalg’s annual survey is SCF Partners.
The US doesn’t top this list alone—Waterland is one of Europe’s leading LBO shops.
According to pension data from Hawaiian Employees’, the LBO firm’s Fund VII is clocking returns of more than 2.3x—certainly one way to rank high on a PE firm returns list.
It isn’t difficult to see how TowerBrook made the grade: Funds over the last 12 years have generated returns of 3x, 1.4x and 1.3x, according to CalPERS
data. Earlier this year, peHUB
had the scoop on the firm’s forthcoming new fundraise.
Statistics were unavailable for the firm’s performance, as it did not have a limited partner peHUB could locate who publicly disclosed returns.
CalPERS is one LP that went long & strong on TPG through a number of different funds. What have they got to show for it? Multiples of 2.5x, 1.8x and 1.6x, to name a few.
CalSTRS’ figures for Genstar’s 2007 fund aren’t stupendous, but then again, it’s too early to tell for the fund. At $1.6 billion, clearly the San Fran LBO shop’s LPs are feeling good about their odds.
10 Endeavour Capital
11 EnCap Investments LP
12 Lindsay Goldberg
13 Wingate Partners
14 Hellman & Friedman LLC
15 Lime Rock Partners
16 Oaktree Capital Management LP
17 Rhone Capital
18 Nordic Capital Ltd.
19 BLUM Capital Partners
20 PAI Partners SAS
21 ABRY Partners
22 Equistone Partners Europe Ltd.
23 First Reserve Corp.
24 BC Partners Ltd.
25 Silver Lake Management LLC
Image Credits: Freidman Fleischer & Lowe, Platinum Equity, SCF Partners, WaterlandLead Image Credit: Shutterstock.com
