The latest issue of Buyouts reports that the firm paid $35.9 million in fees in Q1; 80% of which went to syndicated loans and the rest to the debt capital markets. It’s a drop from a year prior, when TPG took home the top spot with $109.5 million in fee payments.
That news comes a week after Private Equity International released data showing that TPG has raised more money than any other buyout firm over the last five years. That data takes into account the $2 billion billion the firm has allowed its investors to rescind after the firm took a beating on its investment in Washington Mutual and wrote several other large deals down to zero.
The next-highest fee-paying sponsors are Goldman Sachs with $32 million, Permira and Scroder Venture Partners with $13.8 million each, and JC Flowers with $13.6 million. Below that, Elevation Partners, GTCR, Lindsay Goldberg, Madison Dearborn, Fortress, TA Associates, and Hg Capital populate the top 20.
Fee-paying in general took a massive hit in the first quarter: The global total is $258.3 million, which Buyouts noted was a 78% drop from the first quarter in 2008.
Click here to read the full story from Buyouts and view related charts from the latest issue.
Previously: Bigger Doesn’t Mean Best: TPG Named Largest Firm,
TPG Is A Two-Time Loser on Time’s Worst Deals of the Year List, WaMu: The Worst Deal in Private Equity History?