Breaking Down LBO Shops’ Rankings

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.

[slide title=”Friedman Fleischer & Lowe”]
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.

[slide title=”Platinum Equity”]
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.

[slide title=”SCF Partners”]
Taking third place in Gottschalg’s annual survey is SCF Partners.

[slide title=”Waterland”]
The US doesn’t top this list alone—Waterland is one of Europe’s leading LBO shops.

[slide title=”GTCR Golder Rauner”]
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.

[slide title=TowerBrook Capital Partners”]
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.

[slide title=”Enterprise Investors”]
Statistics were unavailable for the firm’s performance, as it did not have a limited partner  peHUB could locate who publicly disclosed returns.

[slide title=”TPG Capital”]
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.

[slide title=”Genstar Capital”]
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.

[slide title=”Best of the Rest”]
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, Waterland

Lead Image Credit: