Credit Suisse and Barclays Capital have topped the league of investment banks most likely to be retained by private equity firms as bookrunners for the follow-on listings of portfolio companies, according to data provider Dealogic.

Despite ranking fourth most popular bookrunner by the volume of IPO transactions, Credit Suisse beat off competition from the likes of Goldman Sachs, Morgan Stanley and JPMorgan to secure a 78% retention rate on the first follow-on that came after an IPO that it had led, while the average among the top ten bookrunners was 64%.