FT Non-Public 150 - the full list

Top 150 Non-Publicly listed companies
CompanyCountrySectorEstimated Market Value as of Dec 2005 ($bn)TypeType (1)
1Saudi AramcoSaudi ArabiaOil gas781SState owned
2Petróleos Mexicanos (Pemex)MexicoOil gas415SState owned
3Petróleos de Venezuela SAVenezuelaOil gas388SState owned
4Kuwait Petroleum Corporation KuwaitOil gas378SState owned
5Petroliam Nasional Berhad (Petronas) MalaysiaOil gas232SState owned
6SonatrachAlgeriaOil gas224SState owned
7National Iranian Oil Company IranOil gas220SState owned
8Japan PostJapanPostal services156SState owned
9PertaminaIndonesiaOil gas140SState owned
10Nigerian National Petroleum Corporation NigeriaOil gas120SState owned
11Abu Dhabi National Oil Company (ADNOC)UAEOil gas103SState owned
12INOCIraqOil gas102SState owned
13Libya National Oil CompanyLibyaOil gas99SState owned
14Sparkassen-Finanzgruppe*GermanyBanking98PAssociation
15State Grid Corporation of ChinaChinaElectric utilities87SState owned
16Nippon Life Insurance Company JapanInsurance87PMutual
17Kohlberg Kravis Roberts CoUnited StatesPrivate equity83PPartnership
18Qatar PetroleumQatarOil gas78SState owned
19State Farm Mutual Automobile Insurance Company United StatesInsurance76PMutual
20European Investment BankLuxembourgBanking73SState owned
21United States Postal ServiceUnited StatesPostal services72SState owned
22Carlyle GroupUnited StatesPrivate equity71PPartnership
23Norinchukin BankJapanBanking66PCo-operative
24RabobankNetherlandsBanking62PCo-operative
25Blackstone GroupUnited StatesPrivate equity60PPartnership
26Texas Pacific GroupUnited StatesPrivate equity59PPartnership
27Permira Advisers LLPUnited KingdomPrivate equity54PPartnership
28Koch IndustriesUnited StatesConglomerates52PFamily owned
29Bain Capital, LLCUnited StatesPrivate equity49PPartnership
30Cargill, Inc.United StatesConglomerates48PFamily owned
31CVC Capital Partners Limited United KingdomPrivate equity46PPartnership
32Apollo Advisors, LPUnited StatesPrivate equity45PPartnership
33FMR CorpUnited StatesAsset management42PFamily owned
34Warburg Pincus LLC United StatesPrivate equity42PPartnership
35Boehringer Ingelheim GmbHGermanyPharmaceuticals41PFamily owned
36Meiji Yasuda Life Insurance Company JapanInsurance41PMutual
37Dai-ichi Mutual Life Insurance Company JapanInsurance41PMutual
38Caja de Ahorros y Pensiones de Barcelona (”la Caixa”)SpainBanking37PNonprofit
39Kaiser PermanenteUnited StatesHealthcare 36PNonprofit
40Crédit MutuelFranceBanking35PMutual
41The Capital Group CompaniesUnited StatesAsset management35PPartnership
42Bertelsmann AGGermanyMedia34PFamily owned
43Groupe Caisse d’EpargneFranceBanking34PMutual
44BC Partners LimitedUnited KingdomPrivate equity34PPartnership
45Apax PartnersUnited KingdomPrivate equity33PPartnership
46Egyptian General Petroleum Corporation EgyptOil gas33SState owned
47China Development BankChinaBanking33SState owned
48CinvenUnited KingdomPrivate equity32PPartnership
49Japan Racing AssociationJapanEntertainment32SState owned
50Caisse des Dépôts et Consignations FranceBanking32SState owned
51Mars IncUnited StatesFood & beverages32PFamily owned
52Deutsche Bahn AGGermanyRailroads31SState owned
53Silver Lake PartnersUnited StatesPrivate equity31PPartnership
54Hellman Friedman CapitalUnited StatesPrivate equity31PPartnership
55National Football LeagueUnited StatesEntertainment29PAssociation
56Vanguard GroupUnited StatesAsset management29PMutual
57Madison Dearborn PartnersUnited StatesPrivate equity28PPartnership
58Deloitte Touche TohmatsuUnited StatesProfessional services27PPartnership
59First Reserve CorporationUnited StatesPrivate equity27PPartnership
60Thomas H. Lee Equity Partners United StatesPrivate equity27PPartnership
61General Atlantic PartnersUnited StatesPrivate equity27PPartnership
62China RailwaysChinaRailroads25SState owned
63Groupe Banque PopulaireFranceBanking25PMutual
64Trump OrganizationUnited StatesReal estate25PFamily owned
65PriceWaterhouseCoopersUnited StatesProfessional services25POther
66Empresa Colombiana de Petróleos (Ecopetrol)ColombiaOil gas24SState owned
67China Southern Power GridChinaElectric utilities23SState owned
68Loterias y Apuestas del Estado (LAE)SpainEntertainment23SState owned
69IKEA International A/SSwedenRetailers22POther
70Corporación Nacional del Cobre de Chile (Codelco)ChileMetals mining22SState owned
71La Française des JeuxFranceEntertainment22SState owned
72Cox EnterprisesUnited StatesMedia21PFamily owned
73MassMutual Financial GroupUnited StatesInsurance21PMutual
74Suntory GroupJapanFood & beverages21PFamily owned
75Caja de Ahorros y Monte de Piedad de MadridSpainBanking21PNonprofit
76Ernst Young InternationalUnited StatesProfessional services21PPartnership
77KPMG InternationalNetherlandsProfessional services21PCo-operative
78State Oil Company of Azerbaijan (SOCAR)AzerbaijanOil gas20SState owned
79Otto GmbH Co KG GermanyRetailers20PFamily owned
80Providence Equity PartnersUnited StatesPrivate equity20PPartnership
81Agricultural Bank of ChinaChinaBanking20SState owned
82Nationwide Building SocietyUnited KingdomBanking20PMutual
83Votorantim GroupBrazilConglomerates20PFamily owned
84Clayton, Dubilier Rice, Inc.United StatesPrivate equity20PPartnership
85Welsh, Carson, Anderson Stowe United StatesPrivate equity20PPartnership
86Vattenfall ABSwedenElectric utilities19SState owned
87Nationwide Mutual Insurance Company United StatesInsurance18PMutual
88Maruhan CorporationJapanEntertainment18PFamily owned
89Tchibo Holding AGGermanyFood & beverages18PFamily owned
90Ferrero S.p.A.ItalyFood & beverages18PFamily owned
91Comisión Federal de ElectricidadMexicoElectric utilities18SState owned
92Landesbank Baden-WürttembergGermanyBanking18SState owned
93JSC Russian RailwaysRussiaRailroads18SState owned
94Camelot Group plcUnited KingdomEntertainment17POther
95USAAUnited StatesInsurance17PMutual
96Citic GroupChinaConglomerates16SState owned
97Bayerische LandesbankGermanyBanking16SState owned
98Health Care Service CorporationUnited StatesHealthcare 16PMutual
99Sumitomo Life Insurance CompanyJapanInsurance16PMutual
100SC Johnson Son, Inc United StatesConsumer goods15PFamily owned
101La PosteFrancePostal services15SState owned
102REWE GroupGermanyGrocery retailers15PCo-operative
103KfW BankengruppeGermanyBanking14SState owned
104B. Braun Melsungen AGGermanyHealthcare 14PFamily owned
105De Beers Consolidated Mines LimitedSouth AfricaMetals mining14PFamily owned
106Liberty Mutual Holding Company Inc. United StatesInsurance13PMutual
107British Broadcasting CorpUnited KingdomMedia13SState owned
108Glencore InternationalSwitzerlandTrading13POther
109Edeka GroupGermanyGrocery retailers13PCo-operative
110New York State LotteryUnited StatesEntertainment13SState owned
111Louis Dreyfus GroupFranceConglomerates13PFamily owned
112Poste Italiane SpAItalyPostal services13SState owned
113Société Nationale des Chemins de Fer FrançaisFranceRailroads13SState owned
114Hydro-Québec CanadaElectric utilities13SState owned
115Schwarz GroupGermanyGrocery retailers13PFamily owned
116El Corte Inglés SA SpainRetailers13PFamily owned
117Carlson CompaniesUnited StatesHospitality12PFamily owned
118ALDI GroupGermanyGrocery retailers12PFamily owned
119Global Hyatt CorporationUnited StatesHospitality12PFamily owned
120Dr August Oetker KGGermanyFood & beverages12PFamily owned
121Vitol Holding BVNetherlandsTrading12POther
122Deutsche Zentral-GenossenschaftsbankGermanyBanking12PCo-operative
123NascarUnited StatesEntertainment12PFamily owned
124Shanghai Automotive Industry CorporationChinaAutomobiles parts12SState owned
125Gie Pari Mutuel UrbainFranceEntertainment12SState owned
126Auchan SAFranceGrocery retailers12PFamily owned
127Northwestern Mutual LifeUnited StatesInsurance12PMutual
128China FAW Group CorporationChinaAutomobiles parts12SState owned
129EWE AGGermanyElectric utilities11SState owned
130Highmark IncUnited StatesHealthcare 11PNonprofit
131Taiwan Power CompanyTaiwanElectric utilities11SState owned
132Tennessee Valley AuthorityUnited StatesElectric utilities11SState owned
133Dongfeng Motor CorporationChinaAutomobiles parts11SState owned
134TIAA-CREFUnited StatesAsset management11POther
135Independence Blue CrossUnited StatesHealthcare 11PNonprofit
136TC Ziraat Bankasi ASTurkeyBanking11SState owned
137HSH Nordbank AGGermanyBanking11SState owned
138New York LifeUnited StatesInsurance11PMutual
139Major League BaseballUnited StatesEntertainment11PAssociation
140Société Civile des MousquetairesFranceGrocery retailers11POther
141Norddeutsche Landesbank Girozentrale (Nord/LB) GermanyBanking10SState owned
142Association des Centres Distributeurs E. LeclercFranceGrocery retailers10PCo-operative
143National Basketball AssociationUnited StatesEntertainment10PAssociation
144Groupama SAFranceInsurance9PMutual
145Würth GruppeGermanyIndustrial supplies9POther
146Ascension HealthUnited StatesHealthcare 9PNonprofit
147Caixa Geral de Depósitos SA PortugalBanking9SState owned
148WestLB AGGermanyBanking9SOther
149Blue Shield of CaliforniaUnited StatesInsurance9PNonprofit
150Indian RailwaysIndiaRailroads9SState owned

Source: McKinsey

* Sparkassen-Finanzgruppe excludes landesbanken, which are listed separately

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