The World's Largest Investment Firms 2024: Gains for Apollo, KKR, Ares, and Blackstone
Forbes Middle East - English|July 2024
Private markets are booming thanks to the popularity of alternatives among wealthy retail investors and 'higher-for-longer' interest rates. Once feared, buyout firms like KKR, Apollo and Blackstone have gone mainstream, as they climb higher on the Global 2000.
SERGEI KLEBNIKOV
The World's Largest Investment Firms 2024: Gains for Apollo, KKR, Ares, and Blackstone

These are boom times for the world’s largest buyout firms and asset managers. With the Federal Reserve now signaling that it could take longer to cut rates than previously forecast, investors have continued to pour into private market investments, trading liquidity for potentially higher returns. The traditional private equity business remains strong— but it has evolved far beyond the original leveraged buyout model of the 80s and 90s. The game today is dubbed alternatives, with firms buying and building up target companies in areas like logistics, infrastructure and healthcare. Retail-friendly funds often with open-ended maturities have made alternative investments more accessible to a wider market and the global opportunity is massive.

In addition to private equity, real estate is also a huge business for many of these firms. Blackstone’s $337 billion portfolio of commercial real estate is unrivaled, comprising 12,000 properties covering 1.1 billion square feet globally. Private credit has also become a booming business for these giant investment firms, including specialist Ares Management, thanks largely to higher interest rates.

According to Morningstar senior stock analyst Greggory Warren, private capital fundraising is on track to surpass last year and alternative asset managers are still sitting on significant amounts of dry powder. “Investors at times [ignore] the historical outperformance of alternative-asset funds relative to traditional mutual funds and ETFs,” he says.

Several of the biggest alternative investment managers including Apollo, KKR and Blackstone saw large gains in the ranking since 2023 and in total over a dozen firms made this year’s Forbes Global 2000, which ranks the 2,000 largest public companies in the world. A decade ago there were only two such firms on Forbes Global 2000, which uses a composite score that takes into account revenue, profit, assets and market value.

Esta historia es de la edición July 2024 de Forbes Middle East - English.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición July 2024 de Forbes Middle East - English.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FORBES MIDDLE EAST - ENGLISHVer todo
Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day
Forbes Middle East - English

Celebrating Emirati Businesswomen and Entrepreneurs on Emirati Women's Day

As part of the U.A.E.’s annual Emirati Women’s Day celebrations, the Abu Dhabi Business Women Council and the Abu Dhabi Chamber hosted an event on August 28, 2024, under the theme “We Collaborate for Tomorrow,” celebrating the role and achievements of Emirati women.

time-read
2 minutos  |
Sep 2024
THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024
Forbes Middle East - English

THE MIDDLE EAST'S TOP 100 HEALTHCARE LEADERS 2024

MENA’s healthcare landscape is evolving towards integration, marked by the rise of fully comprehensive ecosystems. Industry giants are setting future trends, driven by systems that thrive on data abundance, accessibility, and intersectoral collaboration.

time-read
6 minutos  |
Sep 2024
SCOUTING FOR OPPORTUNITIES
Forbes Middle East - English

SCOUTING FOR OPPORTUNITIES

Ayman Cheikh-Lahlou, Chairman and CEO of the Morocco-based Cooper Pharma, took the helm of the family-owned pharmaceutical company in 2005 and has seen business boom over nearly 20 years. Now, he’s exploring expansion opportunities in new markets.

time-read
7 minutos  |
Sep 2024
TURNING THE TIDE
Forbes Middle East - English

TURNING THE TIDE

Irina Zaporozhets, President and General Manager for Eli Lilly Suisse S.A. in the META region is driving expansion, focusing on innovation and patient-centric care. As she navigates regional challenges, her commitment to expanding access to medicine remains at the forefront.

time-read
7 minutos  |
Sep 2024
Supercharging AI
Forbes Middle East - English

Supercharging AI

Armed with a newly raised 640 million, GROQ thinks it can challenge one of the world’s most valuable companies with a purpose-built chip designed for Al from scratch.

time-read
5 minutos  |
Sep 2024
How Technology is Accelerating Digital Equality in Diverse Markets
Forbes Middle East - English

How Technology is Accelerating Digital Equality in Diverse Markets

The rise of smartphones and digital technologies has transformed our daily lives, contributing to the evolution of connected consumers.

time-read
2 minutos  |
Sep 2024
Rare Fortune
Forbes Middle East - English

Rare Fortune

Money manager JAMES LITINSKY turned a bad junk bond bet into a $400 million fortune. His MP Materials operates a strategic mine and will begin manufacturing supermagnets for electric vehicles next year.

time-read
6 minutos  |
Sep 2024
The State of Mental Health in the Middle East
Forbes Middle East - English

The State of Mental Health in the Middle East

While mental health awareness is on the rise, the Middle East faces some challenges in providing care. Still, we're seeing some progress.

time-read
2 minutos  |
Sep 2024
Big Breakthroughs
Forbes Middle East - English

Big Breakthroughs

From gene therapy to nasal sprays, these were some of the most significant healthcare breakthroughs in the last year.

time-read
3 minutos  |
Sep 2024
MENA's 5 Most Valuable Healthcare Companies 2024
Forbes Middle East - English

MENA's 5 Most Valuable Healthcare Companies 2024

The combined market cap of 57 healthcare companies listed on MENA's stock exchanges hit $83.7 billion on August 13, 2024, with the top five companies accounting for about 62.4% of the total market cap. These are MENA's five most valuable healthcare companies in 2024.

time-read
2 minutos  |
Sep 2024