New York Private Equity Firms – Top 50 (Based on AUM)

New York Private Equity Firms

No other city comes close to the number of private equity firms headquartered in or that have a presence in New York.

On the Mergr platform, we currently list 394 firms as being headquartered in New York City. This equals 13% of the 3,033 firms in the database.

And if you expand the list to include all firms that are based in and that have an office in New York, the list jumps to 548.

Interestingly, if you focus on what we call ‘Mega-sized’ firms (those with $3B+ of capital), fully half of all these private equity firms have an office in New York City.

So who are the largest?

See below a list of the top 50 New York private equity firms based on total assets raised since inception.

RankFirm
1Goldman Sachs Merchant Banking Division
Formed1986
Size$150B
TypeGeneralist
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
2KKR & Co. L.P.
Formed1976
Size$130B
TypeGeneralist
Kohlberg Kravis Roberts & Co. LP (KKR) is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into three business segments which include private markets, public markets, and capital markets and principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will consider investments in a broad range of industries located in North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976.
3The Blackstone Group
Formed1987
Size$100B
TypeGeneralist
The Blackstone Group LP is a global alternative investment management firm comprised of three business segments. These groups include corporate private equity, real estate, and alternative asset management. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987.
4Warburg Pincus
Formed1966
Size$74B
TypeGeneralist
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus was formed in 1966.
5Apollo Global Management
Formed1990
Size$40B
TypeGeneralist
Apollo is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo was formed in 1990 and is based in New York City.
6Riverstone Holdings
Formed2000
Size$36B
TypeSpecialist (Energy)
Riverstone Holdings LLC is a large specialist private equity firm focused on opportunities in the energy and power industry. Specific sectors of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, and energy & power technology. Riverstone was formed in 2000 and is based in New York City with additional offices in London and Houston.
7Lexington Partners
Formed1994
Size$35B
TypeGeneralist
Lexington Partners is a private investment firm with approximately $35 billion in committed capital for private equity investing. Lexington Partners focuses its activity on secondary investments, equity co-investments, and fund investments. Lexington's primary business is its secondary private equity group, which seeks to provide liquidity for private equity fund interests. Lexington's co-investment group looks to invest $10 to $100 million alongside private equity sponsors in a variety of sectors. Lexington Partners was formed in 1994 and is based in New York City.
8Cerberus Capital
Formed1992
Size$30B
TypeGeneralist
Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. Cerberus was formed in 1992 by Steve Feinberg and is based in New York. Cerberus also has offices/affiliates in Chicago, Illinois; Los Angeles, California; Atlanta, Georgia; London, United Kingdom; Baarn, Netherlands; Frankfurt, Germany; Tokyo and Osaka, Japan; and Taipei, Taiwan.
9Centerbridge Partners
Formed2005
Size$25B
TypeGeneralist
Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations. In addition to making control investments, Centerbridge also maintains a fund for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.
10Welsh, Carson, Anderson & Stowe
Formed1979
Size$22B
TypeSpecialist (Healthcare, Technology)
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
11Clayton Dubilier & Rice
Formed1978
Size$17B
TypeGeneralist
Clayton, Dubilier & Rice, LLC (CD&R) is a large private equity firm that targets non-core divisions of large corporations, as well as businesses facing significant strategic challenges. CD&R looks for opportunities in North America and Europe, and will consider businesses in a wide range of sectors. The Firm generally targets large transactions, valued between $1 and $15 billion. CD&R was formed in 1978 and has offices in New York City and London.
12CCMP Capital Advisors
Formed1984
Size$16B
TypeGeneralist
CCMP Capital Advisors is a large private equity firm focused on buyout and growth equity opportunities across Asia, North America and Western Europe valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase with offices in New York, Houston, and London.
13American Securities
Formed1994
Size$13B
TypeGeneralist
American Securities is a large private equity firm that typically partners with management when pursuing middle-market company acquisitions. American typically looks for US based companies generating sales of $500 million to $2 billion. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. American Securities maintains a dedicated 'Resources Group' to help portfolio companies improve operations. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities maintains offices in New York City and Shanghai.
14Kelso & Company
Formed1971
Size$12B
TypeGeneralist
Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.
15WL Ross & Co.
Formed2000
Size$11.9B
TypeGeneralist
WL Ross is a mega-sized alternative group focused on turnaround investments. WL Ross looks to invest in and restructure financially distressed companies and create new enterprises. The Firm will consider opportunities throughout the world, including North America, Asia, South America, Western Europe, and Central Asia. WL Ross typically targets businesses operating in traditional industries, including the steel, textile, coal, automotive, and financial services sectors. In 2006 asset manager Amvescap (now Invesco) purchased WL Ross from its founder. WL Ross was originally formed in 2000 and is based in New York City.
16New Mountain Capital
Formed2000
Size$11.5B
TypeGeneralist
New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.
17One Equity Partners
Formed2001
Size$11B
TypeGeneralist
One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $50 to $200 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. The Firm is based in New York City.
18Avenue Capital Group
Formed1995
Size$10.1B
TypeGeneralist
Avenue Capital Group is a private investment firm focused on acquiring a range of public and private securities. Avenue will consider opportunities throughout the US, Europe, and Asia and generally targets distressed assets, including businesses undergoing turnarounds, bankruptcy, reorganizations, and liquidations. Avenue was formed in 1995 and is based in New York City. The Firm has additional offices in London, Luxembourg, Munich, Beijing, Hong Kong, Jakarta, New Delhi and Singapore.
19Lindsay Goldberg
Formed2001
Size$10B
TypeGeneralist
Lindsay Goldberg & Co. LLC is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.
20AEA Investors
Formed1968
Size$10B
TypeGeneralist
AEA Investors is a private investment firm focused on acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and has offices in Stamford, Connecticut; New York, New York; London; Hong Kong; and Shanghai, Munich, Germany; and London.
21The Jordan Company
Formed1982
Size$8B
TypeGeneralist
The Jordan Company (TJC) is a private investment firm that specializes in acquiring middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. The Jordan Company was formed in 1982 and operates from offices in New York City and Chicago.
22Highstar Capital
Formed2000
Size$7.8B
TypeSpecialist (Infrastructure)
Highstar Capital is a private equity fund focused on investments in infrastructure related companies and assets. Highstar specifically targets businesses that deal in energy, transportation, waste management and water. The Firm will consider opportunities throughout North America and Europe. Highstar Capital was formerly known as AIG Highstar Capital. The Firm was formed in 2000 and is based in New York City.
23Trilantic Capital
Formed2009
Size$7.7B
TypeGeneralist
Trilantic Capital Partners is a mega-sized private equity firm focused on opportunities throughout North America and Western Europe. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $250 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic was formed in 2009 through the buyout of Lehman Brothers' private equity business. The Firm is based in New York City.
24Metalmark Capital
Formed2004
Size$7B
TypeGeneralist
Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.
25Crestview Partners
Formed2004
Size$7B
TypeGeneralist
Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York City.
26Vestar Capital Partners
Formed1988
Size$7B
TypeGeneralist
Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $200 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.
27LS Power Equity Advisors
Formed2005
Size$6.4B
TypeSpecialist (Energy)
LS Power Equity Advisors LLC is the private equity affiliate of LS Power Group, a developer, owner, operator and investor in power generation and electric transmission infrastructure throughout the United States. LS Power Equity Advisors looks to acquire operating power generation assets and utilize its development, operations, power marketing and financial expertise to improve their commercial and physical operations. LS Power Equity Advisors was formed in 2005 and is based in New York City.
28TowerBrook Capital Partners
Formed2005
Size$6.3B
TypeGeneralist
TowerBrook Capital Partners is a private equity firm focused on leveraged buy-outs, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital is based in New York City with additional offices in Munich and London.
29Avista Capital Partners
Formed2005
Size$6B
TypeGeneralist
Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.
30JC Flowers & Co.
Formed1998
Size$6B
TypeSpecialist (Financial Services)
JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.
31Castle
Harlan
Formed1987
Size$6B
TypeGeneralist
Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.
32Court Square Capital Partners
Formed2006
Size$6B
TypeGeneralist
Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.
33Pine Brook Partners
Formed2006
Size$6B
TypeSpecialist (Energy, Financial Services)
Pine Brook Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Partners was formed in 2006 and is based in New York City.
34Veritas Capital
Formed1992
Size$5.8B
TypeGeneralist
Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.
35KPS Capital Partners
Formed1991
Size$5.5B
TypeGeneralist
KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 to $500 million in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.
36Invus
Formed1985
Size$5B
TypeGeneralist
The Invus Group is a private, global investment firm that makes equity investments in private and public companies. For private companies, Invus seeks control as well as minority investments in high-growth companies where the firm can add strategic value. For public companies, Invus looks to invest in small to mid-cap stocks that are trading below the firm's assessment of their intrinsic business value. Areas of interest include consumer products and services, food, specialty retail, software, biotech, medical devices and products and services to professionals. Invus typically targets investments in the US, Europe, and Asia. The Invus Group was formed in 1985 and is based in New York City.
37Odyssey Investment Partners
Formed1997
Size$5B
TypeGeneralist
Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.
38The Riverside Company
Formed1988
Size$5B
TypeGeneralist
The Riverside Company is a global private equity firm that seeks investments in smaller middle market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City. The Firm has additional offices across the US, Europe, and Asia.
39JLL Partners
Formed1988
Size$4.7B
TypeGeneralist
JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.
40Irving Place Capital
Formed1997
Size$4.4B
TypeGeneralist
Irving Place Capital (formerly Bear Stearns Merchant Banking) is an independent private equity firm focused on making investments in middle-market companies located in North America and Western Europe. Irving primarily looks for opportunities in the retail, financial services, consumer products and packaging sectors, but will also consider investments in other traditional and service based businesses such as restaurants, transportation/logistics, healthcare, energy, and industrial products/services. The Firm's target investment size is $75 to $250 million of equity capital in companies valued up to $2 billion. Prospective transaction situations include traditional management buyouts, growth capital financings, divestitures, consolidations, and recapitalizations. Irving Place is based in New York City. An affiliate of Irving Place Capital is Bear Growth Capital Partners which focuses on making direct equity investments of $10 to $25 million in companies valued up to $100 million. Irving Place Capital is based in New York City.
41The Cypress Group
Formed1989
Size$4B
TypeGeneralist
The Cypress Group is a private equity firm that acquires businesses in a range of industries. Broad sectors of interest include consumer services, financial services, and manufacturing. The Cypress Group was formed in 1989 and is headquartered in New York City.
42American Industrial Partners
Formed1989
Size$4B
TypeSpecialist (Industrial)
American Industrial Partners (AIP) is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, AIP seeks businesses with revenue of at least $200 million and will consider transactions valued up to $1.5 billion. Operating characteristics of prospective businesses include global marketing and sourcing opportunities, historical record of (or potential for) strong free cash flow, opportunity to drive value through operating enhancements, and potential for sustainable competitive advantage. The Firm will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.
43Atairos
Formed2016
Size$4B
TypeGeneralist
Atairos is a generalist private equity firm focused on partnering with growth-oriented businesses. Atairos does not have any sector preferences and will consider opportunities across the US. Atairos was formed in 2016 and has offices in New York City and Philadelphia.
44MidOcean Partners
Formed2003
Size$3.5B
TypeGeneralist
MidOcean Partners is a private equity firm focused on acquiring control interests in middle-market companies located in the US and Europe. Target industries include consumer and leisure, media and communications, business services, financial services, industrials, transportation, and healthcare. MidOcean looks for opportunities requiring an investment of at least $25 million. MidOcean Partners was formed in 2003 and is based in New York City.
45Sycamore Partners
Formed2011
Size$3.5B
TypeSpecialist (Consumer, Retail)
Sycamore Partners is a private equity firm focused on consumer and retail investments. The Firm looks to partner with management teams to improve the operating profitability and strategic value of their businesses. Sycamore was formed in 2011 and is based in New York City.
46VSS
Formed1987
Size$3B
TypeSpecialist (Media, Communications, Information)
Veronis Suhler Stevenson (VSS) is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. Veronis Suhler Stevenson was formed in 1987 and is based in New York City.
47Quadrangle Group
Formed2000
Size$3B
TypeSpecialist (Media, Communications)
Quadrangle Group LLC is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.
48Wellspring Capital Management
Formed1995
Size$3B
TypeGeneralist
Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $2 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.
49Brightwood Capital
Formed2010
Size$3B
TypeGeneralist
Brightwood Capital Advisors is a private investment firm focused on providing mezzanine and equity capital to US-based small and medium-sized companies. The Firm typically targets profitable, family-owned companies with $5 to $75 million of EBITDA. Sectors of interest include business services, franchising, transportation, technology, and telecommunications. Brightwood Capital was formed in 2010 and is based in New York City.
50Arsenal Capital Partners
Formed2000
Size$2.8B
TypeGeneralist
Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The firm typically seeks initial investment in companies with enterprise values between $100 to $250 million. Funds are typically used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

Additional notes:

Only one firm, Atairos, was formed within the last 5 years. Atairos was established in 2016 with $4B in AUM.

Five firms, Irving Place, CCMP, One Equity Partners, Trilantic, Metalmark, and Court Square were formed from spin-offs. One Equity Partners, which spun-off from JP Morgan in 2015 was the most recent.

Three firms, KPS Capital Partners, Crestview Partners, and WL Ross & Co. focus on distressed or underperforming businesses.

There are nine sector focused firms. These include Riverstone Holdings (Energy), Welsh Carson Anderson & Stowe (Healthcare, Technology), Highstar Capital (Infrastructure), LS Power Equity Advisors (Energy), JC Flowers (Financial Services), Pine Brook Partners (Energy, Financial Services), American Industrial Partners (Industrial), Sycamore Partners (Consumer, Retail), VSS (Media, Communications, Information), Quadrangle Group (Media, Communications).

Just one firm, The Riverside Company, focuses exclusively on small to mid-sized company acquisitions and investments.

For more insights – including a full list of all New York-base private equity firms, their M&A histories, people, investment criteria, and a whole lot more, subscribe to Mergr.