The first HEC Paris – Dowjones MidMarket Buyout Performance Ranking, which has just been released, is a follow–up study to the already established, and informative HEC – DowJones Large Buyout Private Equity Performance Ranking which lists the world’s large Top Private Equity (PE) firms in terms of aggregate performance.
With the new ranking, HEC Paris Professor Oliver Gottschalg, the study’s main author, wanted to address the lack of attention given to companies and investors targeting MidMarket firms which, according to the US Department of Commerce, are businesses with pre-tax earnings between USD5 million and USD250 million. The ranking lists Private Equity firms who cumulatively raised between 1-3B USD over a decade in terms of aggregate performance based on all their buyout funds raised between 2008 and 2017.
The companies which topped this first edition of the ranking are Gridiron Capital, Novacap and Parthenon Capital.
To obtain a most accurate picture of PE and their investments, the authors drew from a variety of available databases and performed a number of cross-checks of the information using Preqin PE fund performance database as the primary database for fund performance information, and information directly provided by PE Firms to HEC Paris for the purpose of these rankings.
