TA Associates, Hg New Mountain—three fund managers included in the Vintage Altaroc portfolioAltaroc are among the top 20 in the 2023 HEC Paris–Dow Jones rankings.
This ranking assessed the performance of 101 Private Equity firms having raised total capital of over $1.6 trillion through 352 funds between 2010 and 2019. It answers the question, "Which firms have generated the best performance for their investors in recent years?"
The top three positions in the ranking remain unchanged from last year: TA Associates, Veritas Capital and Francisco Partners are all based in the USA. This underlines the dominance of US-based funds, a situation also observed for 85% of the firms in the top 20.
TA Associates at the top of the ranking
TA Associates ,Fund manager for theOdyssey Vintage Altaroc Odyssey ,TA Associates first in the standings, just as it did in 2022.
"The stability of the major players in this year's ranking testifies to the resilience of leading Private Equity firms despite the recently tumultuous times in the global economy. Interest rates reached a 23-year high in the US, ranging between 5.25% and 5.5%, while in the UK, the key rate was maintained at 5.25%," analyzes Oliver Gottschalg, Professor at HEC Paris.
Featured in theOdyssey Vintage Altaroc Odyssey , Hg , for its part,Hg fourth.
"The ranking shows the resilience of GPs focused on software buyouts, including Hg and Thoma Bravo, who have demonstrated their ability to navigate and thrive in this sector," comments Oliver Gottschalg.
Finally, New Mountain, Fund manager selected for the Vintage Altaroc Odyssey , ranked 13th.
Click here for the full ranking
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