The Top Private Equity Firms by Country
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Private equity firms are investment management companies that pool investor capital to acquire stakes in private companies. Through strategic management, they aim to enhance the value of these companies, then profit from a future sale or public offering.
To gain insight into this industry, we’ve visualized the top private equity firms in various countries, ranked by the amount of capital they raised over the past five years ending March 2023.
The cutoff for inclusion in this graphic was $9 billion raised. All figures come from Private Equity International’s PEI 300 ranking.
Data and Highlights
The data we used to create this graphic is included in the table below.
| Country | Firm | Amount raised |
|---|---|---|
| 🇺🇸 US | Blackstone | $126B |
| 🇸🇪 Sweden | EQT | $102B |
| 🇬🇧 UK | Hg | $51B |
| 🇱🇺 Luxembourg | CVC Capital Partners | $42B |
| 🇨🇦 Canada | Brookfield Asset Management | $31B |
| 🇨🇭 Switzerland | Partners Group | $27B |
| 🇭🇰 Hong Kong | Hillhouse Capital Group | $26B |
| 🇫🇷 France | PAI Partners | $24B |
| 🇨🇳 China | China Reform Fund Management Corp |
$17B |
| 🇳🇱 Netherlands | Waterland Private Equity | $9B |
U.S.-based Blackstone is the world’s largest private equity firm, with operations in additional areas like credit, infrastructure, and insurance.
While not shown in this graphic, the U.S. largely dominates the private equity landscape. If we were to rank the top 10 private equity firms by the same metric (capital raised over past five years), U.S. firms would account for eight of them.
More About Blackstone
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, both former Lehman Brothers employees.
Notably investments that Blackstone has made include Ancestry.com, where it acquired a majority stake for nearly $5 billion in 2020.
In 2007, it also acquired Hilton Worldwide (one of the world’s biggest hotel operators) for roughly $26 billion.
Sweden’s EQT
EQT is Sweden’s largest private equity firm, and third largest globally. It is just one of three firms that have raised over $100B in capital over the past five years alongside Blackstone and KKR (also American).
EQT made news earlier this year when it raised $24B in two years for its EQT X private equity fund, which invests in the healthcare, technology and tech-enabled service sectors.
If you found this post interesting, check out this graphic that visualizes the most common types of investments that financial advisors use with their clients.
https://www.visualcapitalist.com/the-top-private-equity-firms-by-country/
