David Snow

According to the PEI 50, a proprietary ranking of private equity firms unveiled today, the 50 largest private equity firms in the world have together raised $810bn over the last five years. At the top of the list are Carlyle, Goldman Sachs, TPG, KKR and CVC.

Filings indicate that Apollo Real Estate will remain an independent entity as Apollo Global Management prepares to list shares.

The New York firm led by Steven Klinsky saw huge demand from LPs who amid the credit crunch ‘like our style on a relative basis more than ever’.

The New York direct secondary investment specialist has nearly tripled the amount of its last vehicle.

The investment bank is quietly drawing together professionals from within the firm to raise alternative investment funds for external clients.

Connecticut-based Drum Capital, led by Scott Vollmer, will commit capital to distressed debt, turnaround and restructuring funds.

In a new campaign advertisement aimed at boosting his popularity in the US presidential race, Mitt Romney is highlighting his role in mobilizing all of Bain Capital's professionals in a 1996 search for a senior partner's daughter.

The urban investment specialist is already speaking with investors about a larger follow-on fund.

Russell Investments’ annual survey has found investors plan to increase allocations to real estate over the next two years, but have the highest return expectations for private equity among alternative asset classes.

In a further sign of institutionalisation at the global private equity giant, and ahead of an expected IPO, KKR has lured David Sorkin, a lawyer from Simpson Thacher, to become general counsel, as well as named new heads of human resources and information technology.