Corporate Private Equity: Established in 1987, this business has managed five general private equity funds and is largest of its kind ever raised, with aggregate capital commitments of over $18.1 billion as of March 1, 2007.

Real Estate: Managed six general real estate opportunity funds and two internationally focused real estate opportunity funds. The real estate business has grown assets under management from approximately $3.0 billion as of December 31, 2001 to approximately $17.7 billion as of March 1, 2007, representing compound annual growth of 41.1%.

Marketable Alternative Asset Management: Marketable alternative asset management segment, established in 1990, management of funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds (Distressed securities hedge fund & Equity hedge fund) and publicly-traded closed-end mutual funds. It has grown assets under management, from approximately $3.5 billion as of December 31, 2001 to approximately $29.9 billion as of March 1, 2007, representing compound annual growth of 51.3%.

Financial Advisory: The financial advisory segment comprises the mergers and acquisitions advisory services, restructuring and reorganization advisory services and fund placement services for alternative investment funds. Over the last five years, the financial advisory business revenues have grown at a compound annual rate of 22.7%.

There isn't a trend of Private Equity firms coming out with an IPO though this was not the first case. The first Private Equity group to take the IPO route was Fortress Investment Group, which had an offer price of $18.5 to a share and rose to $35 by the time shares opened for trading. The FIG has around $30 billion under management. Though the shares have fallen back since, closing at $24.4 on July 15, 2007.

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* Contributed by: -
Vijay Singh Poonia,
PGDM 2007-09,
IIM Calcutta,
Has work experience of 3 years with Indian Oil Corp Ltd.