Key Takeaways
- • Dakota Marketplace published a ranking of the Top 10 private equity and private markets firms headquartered in or around Philadelphia, led by Hamilton Lane with approximately $956 billion in assets under management as of December 31, 2024.
- • The list spans large multi-asset allocators (Hamilton Lane, TIFF Investment Management, Xponance) to mid-market buyout and growth equity firms (LLR Partners, Lovell Minnick Partners, Graham Partners, Argosy Capital, NewSpring Capital).
- • Atairos Management, backed by Comcast, manages approximately $6-7 billion focused on media, telecommunications, and technology-enabled businesses.
- • LLR Partners invests $25 million to $200 million per company, with over $7 billion raised across funds, while Lovell Minnick Partners holds over $5 billion in committed capital.
- • The article is a sponsored marketing guide that promotes the Dakota Marketplace data platform, and its AUM figures are self-reported approximations rather than audited data.
Summary
Dakota Marketplace, a private markets intelligence platform, published a guide to the Top 10 private equity firms in the Philadelphia metro area. The article positions Philadelphia as a growing private capital hub, citing its central location, diverse economy across healthcare, financial services, technology, education, and manufacturing, and a lower cost of living relative to New York and San Francisco. The piece is promotional in nature and includes calls to action for the Dakota Marketplace platform.
Hamilton Lane is ranked first. Founded in 1991 and headquartered in Conshohocken, Pennsylvania, the firm is publicly traded on the NASDAQ under the ticker HLNE and manages approximately $956 billion in assets as of December 31, 2024, per the article. It serves institutional investors, pension funds, sovereign wealth funds, insurers, and high-net-worth individuals across private equity, credit, infrastructure, real estate, and venture capital.
Other large allocators on the list include Xponance Alternative Solutions, headquartered in Philadelphia with approximately $14.9 billion in AUM across private equity, private credit, real assets, and hedge fund strategies; Franklin Park, an employee-owned firm founded in 2003 in Bala Cynwyd with approximately $9+ billion in assets; and TIFF Investment Management, a Philadelphia-based outsourced investment manager for nonprofits with approximately $8.6 billion in assets. Atairos Management, headquartered in Bryn Mawr and backed by Comcast, manages approximately $6-7 billion in growth investments in media, telecommunications, and technology.
The remaining firms are mid-market private equity managers. LLR Partners, founded in 1999 in Philadelphia, has raised over $7 billion across funds and invests $25 million to $200 million in technology and healthcare companies. Lovell Minnick Partners, founded in 1999 and based in Radnor, holds over $5 billion in committed capital and focuses on financial services, fintech, and business services. Graham Partners, based in Newtown Square with approximately $3.7-4.0 billion in committed capital, targets advanced manufacturing and industrial technology. Argosy Capital, founded in 1990 in Wayne, manages approximately $3.5 billion across private equity, real estate, credit, and secondaries. NewSpring Capital, based in Radnor, manages approximately $3.5 billion and has invested in more than 250 companies.
The article does not describe its ranking methodology, and the AUM and commitment figures are presented as approximations without specified as-of dates for most firms.
Hamilton Lane is ranked first. Founded in 1991 and headquartered in Conshohocken, Pennsylvania, the firm is publicly traded on the NASDAQ under the ticker HLNE and manages approximately $956 billion in assets as of December 31, 2024, per the article. It serves institutional investors, pension funds, sovereign wealth funds, insurers, and high-net-worth individuals across private equity, credit, infrastructure, real estate, and venture capital.
Other large allocators on the list include Xponance Alternative Solutions, headquartered in Philadelphia with approximately $14.9 billion in AUM across private equity, private credit, real assets, and hedge fund strategies; Franklin Park, an employee-owned firm founded in 2003 in Bala Cynwyd with approximately $9+ billion in assets; and TIFF Investment Management, a Philadelphia-based outsourced investment manager for nonprofits with approximately $8.6 billion in assets. Atairos Management, headquartered in Bryn Mawr and backed by Comcast, manages approximately $6-7 billion in growth investments in media, telecommunications, and technology.
The remaining firms are mid-market private equity managers. LLR Partners, founded in 1999 in Philadelphia, has raised over $7 billion across funds and invests $25 million to $200 million in technology and healthcare companies. Lovell Minnick Partners, founded in 1999 and based in Radnor, holds over $5 billion in committed capital and focuses on financial services, fintech, and business services. Graham Partners, based in Newtown Square with approximately $3.7-4.0 billion in committed capital, targets advanced manufacturing and industrial technology. Argosy Capital, founded in 1990 in Wayne, manages approximately $3.5 billion across private equity, real estate, credit, and secondaries. NewSpring Capital, based in Radnor, manages approximately $3.5 billion and has invested in more than 250 companies.
The article does not describe its ranking methodology, and the AUM and commitment figures are presented as approximations without specified as-of dates for most firms.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.