Updated with correction
Mega firms control the majority of the $959 billion in private equity assets under management worldwide, excluding venture capital, by the 50 largest managers.
The largest — Oaktree Capital Management LP, KKR & Co. LP and Bain Capital LLC — control almost a quarter of that total, and the top 10 account for more than half.
Most of the managers in the top 10 are household names, and half of them are public. They are Oaktree, KKR, Carlyle Group LLC, Blackstone Group LP and Apollo Global Management LLC.
Four of the private equity firms in the top 10 had double-digit growth last year. Advent International Corp.'s total private equity assets were up a whopping 67% to $32.7 billion, Bain's assets grew nearly 12% to $66.5 billion, Blackstone Group's assets were up 11% to $51 billion and TPG Capital was up 10% to $54.5 billion.
Information for Pensions & Investments' ranking came directly from the firms, their filings with the Securities and Exchange Commission and their websites.
Firms up and down P&I's size spectrum were able to cash in last year.