Canada Pension Leads Top 50 PE Investor List

Sep 4 2013 | 10:13am ET

The Canada Pension Plan Investment Board is the world's biggest private equity investor, with $3.99 billion committed, according to new research from PEI.

The data provider has published a list of the 50 most active private equity investors who, as of March 2013, had together committed $75.2 billion to p.e. funds. The 10 most significant investors were responsible for over a third of that total or $29.21 billion.

North American institutions continue to dominate the industry with eight of the 10 largest investors based there.

   

Investor

Total committed to private equity funds      (1 March 2012 – 28 February 2013)

Region (of headquarters)

Canada Pension Plan Investment Board

$3.99 bn

North America

APG Asset Management

$3.91bn

Europe

California Public Employees’ Retirement System

$3.3bn

North America

Washington State Investment Board

$3.23bn

North America

Pennsylvania Public School Employees’ Retirement System

$3.17bn

North America

Teachers Retirement System of Texas

$3.14bn

North America

Hamilton Lane

$2.3bn

North America

New York City Employee Retirement System

$2.1bn

North America

Florida State Board of Administration

$2.07bn

North America

Safe Investment Company

£2bn

China

 

“In the current fundraising environment, there's a clear split in fortunes between a small number of funds who are comfortably outstripping their targets, and others who continue to languish miserably short of theirs,” said James Taylor, editor of Private Equity International. "These numbers go some way to explaining that pattern. As we demonstrate, there are a small number of institutional investors allocating very large sums. Funds that can get those big investors on board will do very well, very quickly. Those that miss out will likely struggle.

“The research also shows that a well-positioned private equity general partner can still raise vast quantities of capital from a small number of institutions,” said Taylor.

Of the almost $4 billion allocated to primary private equity funds by CPPIB, for example, $654 million was committed to Behrman Capital’s $1 billion fund. A further $650 million was committed to CVC Capital Partners’ €10.5 billion European fund. CPPIB’s recent commitments to funds in Asia include $295 million to FountainVest’s second ‘China Growth Fund’ and $300 million to MBK Partners’ third Korea-, China- and Japan-focused vehicle.

Like many institutions, CPPIB has increasingly sought to invest directly into private equity deals, but primary fund commitments clearly remain a focus. With investment teams in North America, Europe and Asia, the institution maintains relationships with more than 80 GPs and ensures a minimum commitment size of $75 million.

PEI’s research also identified the largest private equity funds of funds by volume of commitments. Hamilton Lane was the most active sponsor, with total commitments of $2.3 billion in the 12 months to March this year. Adams Street Partners and Neuberger Berman also committed in excess of $1 billion.

   

Institution

Total committed private equity funds          (1 March 2012 – 28 February 2013)

Region (of headquarters)

Hamilton Lane

$2.30bn

North America

Adams Street Partners

$1.36bn

North America

Neuberger Berman

$1.10bn

North America

Pantheon

$920m

Europe

Abbott Capital Management

$780m

North America

SL Capital Partners

$410m

Europe

Commonfund Capital

$343m

North America

Portfolio Advisers

$342m

North America

Danske Private Equity

$310m

Europe

Access Capital Partners

$305m

Europe


In Depth

Hedge Funds Take Interest In ‘Soft Deposits’

Nov 19 2014 | 11:56am ET

New York-based Winchester Equities, headed by Avi Benamu and Jack Hazan, funds soft...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.