April 01, 2013 01:00 AM

Largest private equity managers

Assets are in billions as of Dec. 31, 2012.

Rank	Manager	Assets
1	Oaktree Capital Mgmt.	$77.1
2	Kohlberg Kravis Roberts	$71.5
3	Bain Capital	$66.5
4	TPG Capital	$54.5
5	Carlyle Group	$53.3
6	Blackstone Group	$51.0
7	Apollo Global Mgmt.	$37.8
8	Ares Mgmt.	$34.0
9	Advent International	$32.7
10	Warburg Pincus	$30.0
11	Partners Group	$28.3
12	AXA Private Equity	$28.0
13	Providence Equity Partners	$27.0
14	Hamilton Lane	$26.5
15	Adams Street	$24.0
16	Pantheon Ventures*	$24.0
17	Cerberus Capital Mgmt.	$23.9
18	Riverstone Holdings	$23.0
19	First Reserve Corp.	$20.1
20	Kayne Anderson Capital Advisors	$18.0
21	General Atlantic	$17.0
22	J.P. Morgan Asset Mgmt.*	$15.1
23	BC Partners	$15.0
24	Neuberger Berman	$14.8
25	Silver Lake Partners	$14.0
26	Morgan Stanley	$13.9
27	Madison Dearborn Partners	$13.0
28	TA Associates	$11.2
29	Crescent	$11.0
30	Hermes GPE	$10.0
31	Welsh Carlson, Anderson & Stowe	$10.0
32	Coller Capital	$9.5
33	American Securities	$8.7
34	Stone Point Capital	$8.2
35	Sun Capital Partners	$8.0
36	WL Ross	$8.0
37	ArcLight Capital Partners	$8.0
38	HgCapital	$6.0
39	Sterling Partners	$5.0
40	Thoma Bravo	$3.6
41	Wellspring Capital Partners	$3.0
42	Baird Private Equity	$2.8
43	Pegasus	$2.7
44	FFL	$2.6
45	JMI Equity	$2.6
46	Fort Washington	$2.3
47	Invesco Private Capital	$1.7
48	Private Advisors	$1.7
49	GoldPoint Partners	$1.7
50	Arsenal Capital	$1.6
51	Pinebrook Capital	$1.4
*As of Sept. 30, 2012.
Source: P&I research. A number of larger firms did not comply with information requests, and are not included in this ranking.