Who is the number one private equity?
The four largest publicly traded private equity firms are Apollo Global Management (APO), The Blackstone Group (BX), The Carlyle Group (CG), and KKR & Co. (KKR).
The four largest publicly traded private equity firms are Apollo Global Management (APO), The Blackstone Group (BX), The Carlyle Group (CG), and KKR & Co. (KKR).
| Rank | Firm Name | AUM (in billions, approximate) |
|---|---|---|
| 1 | Blackstone Group | $881 |
| 2 | Apollo Global Management | $481 |
| 3 | Carlyle Group | $325 |
| 4 | KKR & Co. | $252 |
Blackstone is the world's largest alternative asset manager with $1.04 trillion in assets under management as of Dec. 31, up 7% in 2023 to a record high. It specializes in "alternatives," the likes of real estate, private equity and infrastructure investments, rather than conventional stocks and bonds.
These roles are also responsible for setting the overall investment strategy within a firm, which is a key undertaking. A managing director (MD) is the most senior position at a private equity firm.
KKR managed to make it to the No. 1 spot on the PEI 300 list in 2022. But its stay was short-lived, as Blackstone dethroned it in 2023.
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $241,298 | $4,640 |
| 75th Percentile | $187,500 | $3,605 |
| Average | $143,004 | $2,750 |
| 25th Percentile | $113,500 | $2,182 |
Private equity is a core pillar of BlackRock's alternatives platform. BlackRock's Private Equity teams manage USD$41.9 billion in capital commitments across direct, primary, secondary and co-investments.
BlackRock
BlackRock (BLK) is the largest investment firm in the world. It manages $8.6 trillion in assets as of Dec. 31, 2022. 1 The company has been a proponent of ETFs, and it has gained popularity through its iShares funds.
Private equity owners make money by buying companies they think have value and can be improved. They improve the company or break it up and sell its parts, which can generate even more profits.
What is the salary CEO of Blackstone?
blackstone: Blackstone CEO Schwarzman received $896.7 million in pay, dividends in 2023 - The Economic Times.
Blackstone, which began as a two-person shop in 1985 overseeing $400,000, has become a dominant force in the so-called alternative investments industry. It rose to prominence with leveraged buyouts, the kinds of transactions made famous by “Barbarians at the Gate” and other chronicles of 1980s finance.
In 1995, Blackstone sold its stake in BlackRock to PNC Financial Services for $250 million.
| State | Annual Salary | Monthly Pay |
|---|---|---|
| New York | $80,941 | $6,745 |
| Alabama | $80,795 | $6,732 |
| Nevada | $80,199 | $6,683 |
| Ohio | $79,589 | $6,632 |
| State | Annual Salary | Monthly Pay |
|---|---|---|
| California | $89,038 | $7,419 |
| Maryland | $88,832 | $7,402 |
| Tennessee | $88,240 | $7,353 |
| Utah | $87,969 | $7,330 |
| Position | Typical Time in Role | Bonus |
|---|---|---|
| Associate | 2 – 3 Years | $50k – $150k |
| Senior Associate | 2 – 3 Years | $100k – $200k |
| Vice President | 3 – 4 Years | $200k – $500k |
| Director | 3 – 4 Years | $250k – $600k |
The Blackstone Group competitors include BlackRock, Goldman Sachs and The Carlyle Group. The Blackstone Group ranks 1st in Gender Score on Comparably vs its competitors.
However, the two companies aren't really comparable by numbers alone, as they provide services to different sectors of the market and are both strong investment firms in their own rights. BlackRock is the world's largest asset manager and Blackstone Group is the world's largest private equity firm.
Salaries. Of the top 3 common jobs between the two companies, The Blackstone Group salaries averaged $1,044 higher than KKR.
Candidates give an average difficulty score of 3 out of 5 (where 5 is the highest level of difficulty) for their job interview at BlackRock.
How hard is it to get into private equity?
Landing a career in private equity is very difficult because there are few jobs on the market in this profession and so it can be very competitive. Coming into private equity with no experience is impossible, so finding an internship or having previous experience in a related field is highly recommended.
Candidates should have an bachelor's degree in an analytical major like finance, accounting, statistics, mathematics, or economics.
BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.
BlackRock Funds top the list in terms of assets held by a single fund family, followed by other familiar names such as Vanguard, Charles Schwab, State Street Global Advisors, and Fidelity Investments.
References
- https://www.investopedia.com/articles/financial-careers/09/private-equity.asp
- https://privateequitylist.com/privateequityfirms
- https://www.ziprecruiter.com/Salaries/What-Is-the-Average-Private-Equity-Firms-Salary-by-State
- https://www.investopedia.com/articles/active-trading/022415/how-become-private-equity-associate.asp
- https://growthequityinterviewguide.com/private-equity-career-path
- https://m.economictimes.com/news/international/business/blackstone-ceo-schwarzman-received-896-7-mln-in-pay-dividends-in-2023/articleshow/107955757.cms
- https://www.ziprecruiter.com/Salaries/What-Is-the-Average-Private-Equity-CEO-Salary-by-State
- https://www.blackrock.com/institutions/en-us/strategies/alternatives/private-equity
- https://capital.com/blackrock-shareholder-who-owns-most-blk-stock
- https://www.investopedia.com/articles/markets/011116/worlds-top-10-private-equity-firms-apo-bx.asp
- https://www.helpadvisor.com/retirement/blackrock-vs-the-blackstone-group-where-should-you-invest
- https://www.ziprecruiter.com/Salaries/Private-Equity-Vice-President-Salary--in-California
- https://www.investopedia.com/articles/professionals/080615/5-biggest-financial-advisory-firms-us.asp
- https://www.glassdoor.com/Overview/Working-at-BlackRock-EI_IE9331.11,20.htm
- https://www.comparably.com/companies/the-blackstone-group/competitors
- https://www.nytimes.com/2023/07/20/business/dealbook/blackstone-trillion.html
- https://www.investopedia.com/articles/investing/100815/3-biggest-mutual-fund-companies-us.asp
- https://money.usnews.com/investing/articles/largest-private-equity-firms
- https://www.glassdoor.com/Compare/KKR-vs-The-Blackstone-Group-EI_IE2865-E4022.htm
- https://300hours.com/private-equity-career-path/
- https://en.wikipedia.org/wiki/Blackstone_Inc.
- https://www.investors.com/research/the-new-america/blackstone-stock-alternative-asset-manager/
- https://www.cfainstitute.org/en/programs/cfa/charterholder-careers/roles/private-equity
