Carlyle Group was among the top private equity groups last year, according to a study by PitchBook, a Seattle-based research firm that focuses on the private equity industry.
The Washington DC-based firm’s USD13.7bn Carlyle Partners Fund was ranked the second biggest, behind the USD14.7bn Apollo Investment Fund VII.
Carlyle, with New York-based Riverstone Holdings as a partner, had another fund that ranked fifth: the USD6bn Riverstone/Carlyle Global Energy and Power Fund IV.
Carlyle, which last year closed ten deals, was third in a ranking by number of investments.
Sun Capital Partners, of Boca Raton, Florida, was seventh in a ranking by number of investments. It made nine deals last year.
Three others shared the 12th spot in a ranking by number of investments, each closing seven deals last year: Boston-based Bain Capital, which has USD65bn in assets under management; H.I.G. Capital, which has offices in Miami, Atlanta and Boston and USD7.5bn in assets under management; and Boston-based Summit Partners, which has raised more than USD11bn.
According to PitchBook, US private equity deal flow last year was reduced to 979 completed deals, down 50 per cent from 2008 and lower by 65 per cent when compared with 2007.
Total invested capital declined from USD205bn in 2008 to USD43bn. Three-fourths of the USD162bn difference came from a drop in deals over USD1bn.
