Most of the private equity industry has been enriched during the pandemic — but a select group has had a particularly good time.
Eleven listed private equity firms collectively gained nearly $240bn in market value in 2021. Against that backdrop, a growing number of privately held buyout groups are rushing to join them on the public markets.
London-based Bridgepoint, New York-based Blue Owl and Paris-based Antin Infrastructure Partners all listed this year. One of the largest privately held buyout firms in the US, TPG, is expected to float this month at a valuation exceeding $9bn. European firms CVC Capital Partners and Ardian and US-based L Catterton have all had conversations with advisers about potential initial public offerings, people with knowledge of the talks said.