Chart of the week: Blackstone bucks the trend

While most of the biggest managers of closed-ended private equity funds raised less capital in 2015 than two years earlier, one firm stood out from the crowd.

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The five largest fund managers raised a collective $271.96 billion from closed-ended private equity funds between 2008 and last year, led by The Blackstone Group.

The New York-based firm collected $65.66 billion from the close of 25 vehicles during a period in which it regularly bucked the industry trend.

In 2008, the big five fund managers all closed private equity vehicles, with four raising in excess of $10 billion. Blackstone, in contrast, gathered just $2 billion, having held a final close on one vehicle – GSO Capital Opportunities Fund.

As the market corrected itself following the financial crisis, capital gathered generally increased. However, in 2012, Blackstone collected more than $25 billion from the close of seven funds, while Apollo Global Management, Bain Capital and The Carlyle Group each raised less than $10 billion.

Meanwhile, as aggregate capital gathered by the largest managers fell between 2013 and 2015, Blackstone raised more. It collected $23.55 billion – $11.55 billion above the second largest fund raise, by Warburg Pincus.