PEI Fund Formation League Table

Welcome to Private Equity International’s ranking of the private equity industry’s top law firms by number of closed funds advised on and total capital of underlying vehicles.

2024 LEAGUE TABLE

METHODOLOGY

The 2024 PEI Fund Formation League Table covers blind pool private equity funds and continuation funds that had a final close date between 1 October 2022 and 30 September 2023 that have been tracked by PEI data.

Feeder funds, co-investment vehicles, SMAs and open-ended funds are not included in the league table. Only lead counsels for the funds were included in the ranking for aggregate value.

Only the master fund vehicle was accepted. The following vehicle types were not accepted:

  • Feeder funds
  • Co-investments
  • SMAs

We also did not accept:

  • Hedge funds
  • CLOs
  • BDCs
  • REITs
  • Joint Ventures
  • SPVs
  • Open-ended funds

Both the number of funds, and the total aggregate value of the funds advised, were used to inform law firms’ positions on the league tables.

  • Number of funds: both lead counsel law firms and supporting firms get credit for funds advised.
  • Total aggregate value of funds: only lead counsel get credit for the full value of the fund.

All funds were verified with information we held in PEI Group’s proprietary database.

If we needed to verify further information, we conducted secondary research to identify fund details, alongside verifying with the firm. We did not contact GPs asking about confidential funds, and only relied on public information.

We sought to ‘trust but verify’ fund formation information submitted by law firms corroborating with reference to websites, press releases and other disclosures. Given the commercial sensitivity of some fund formation deals, some details simply could not be verified by us. In such cases – we deferred to the honour system.

PREVIOUS LEAGUE TABLES

Subscribe now to gain unlimited access to our latest insights, analysis and reports

FIND OUT MORE

LATEST HEADLINES

Blackstone eyes India, Korea as next targets for APAC wealth push

The firm made its first Australian wealth hire this month amid efforts to ‘steepen the curve’ of private markets adoption among regional investors, Ed Huang, head of APAC for Private Wealth Solutions, tells PEI.

Reputation matters most for companies choosing PE owners – study

Portfolio companies increasingly want to 'work with the best of the best', according to research from consultancy firm Nepean.

Side Letter: Livingbridge’s Kolade on PE’s diversity drive

Livingbridge's managing partner explains how the industry can continue to make progress on its diversity issue. Plus: EQT on Asia's 'true alpha' and another manager eyes Aussie HNW capital. Here's today's brief, for our valued subscribers only.

KKR’s Bae: ‘Our best returns are in Japanese PE’

Japan is the firm’s second-largest destination for PE deployment, co-chief Joseph Bae told delegates at the HKMA’s 2024 Global Financial Leaders’ Investment Summit.

Disruption Matters: Embarking on the next era of value creation

In the finale of the Disruption Matters podcast series’ third season, we discuss the concrete steps to building a value creation program using this era's cutting-edge tech.
pei
pei

Copyright PEI Media

Not for publication, email or dissemination