NEW YORK & LONDON & SINGAPORE - (Business Wire) The Blackstone Group and Morgan Stanley Real Estate are the two largest private equity real estate firms in the world, according to the PERE 30, a new ranking of private equity real estate firms produced by
PERE magazine.
Together, Blackstone and Morgan Stanley have raised more than $36 billion in private equity real estate direct-investment capital over the past five years. In aggregate, the firms of the PERE 30 have raised more than $190 billion in private equity real estate direct-investment capital over the same period from January 2003 to mid-April, 2008.
This is the first ranking ever of private equity-style real estate funds using an apples-to-apples methodology. The PERE 30 follows on the success of a similar ranking called the PEI 50, unveiled by sister publication, Private Equity International (PEI), which ranks private equity firms by size. Both PERE and PEI are published by PEI Media.
Commenting on the PERE 30, Zoe Hughes, associate editor of PERE magazine, said: “With real estate growing rapidly as an institutional asset class, these 30 firms are primed to continue growing at a tremendous rate and influencing real estate markets around the world.”
Below is this year’s PERE 30 lineup. More detail on the PERE 30 is available at: www.peimedia.com/pere30_2008
| 1 | | The Blackstone Group |
| 2 | | Morgan Stanley Real Estate |
| 3 | | Tishman Speyer |
| 4 | | Goldman Sachs Real Estate Principal Investment Area |
| 5 | | Colony Capital |
| 6 | | Lehman Brothers Real Estate |
| 7 | | The Carlyle Group |
| 8 | | ProLogis |
| 9 | | Beacon Capital Partners |
| 10 | | LaSalle Investment Management |
| 11 | | MGPA |
| 12 | | AEW |
| 13 | | Rockpoint Group |
| 14 | | Apollo Real Estate Advisors |
| 15 | | CB Richard Ellis Investors |
| 16 | | RREEF Alternative Investments |
| 17 | | Grove International Partners |
| 18 | | Shorenstein Properties |
| 19 | | The JBG Companies |
| 20 | | Citigroup Property Investors (CPI) Capital Partners |
| 21 | | JER Partners |
| 22 | | Walton Street Capital |
| 23 | | Heitman |
| 24 | | Aetos Capital |
| 25 | | KK daVinci |
| 26 | | Lubert-Adler |
| 27 | | Starwood Capital |
| 28 | | Fortress Investment Group |
| 29 | | DLJ Real Estate Capital Partners |
| 30 | | RLJ Development |
About PEI Media
PEI Media, with offices in London, New York and Singapore, is the leading media group dedicated to the alternative investment industry, including the private equity, real estate and infrastructure asset classes. www.peimedia.com
PEI Media
David Snow, +1 212-633-1455
david.s@peimedia.com
