GrowthCap is pleased to announce The Top 25 Private Equity Firms of 2022. As the private equity industry continues to evolve and become more competitive, the best firms continually find ways to improve on their capabilities and, as a result, their reputation among the most discerning management teams. There are no shortcuts in private equity. It is only through time and demonstrated consistent performance that firms rise to the top of their field.
Each year, as we evaluate firms and their investors for our various awards, we look for exceptionalism. This exceptionalism can take different forms. The ability to enact transformational sustained business expansion, prescient investment selection, transcendent firm cultures and networks; these are just a few of the reasons why an awardee may be selected for one of our publications.
GrowthCap speaks with investors and CEOs across industries, evaluates firm attributes through nomination submissions, reviews ESG commitment and studies investment performance to form a holistic view. Over 600 firms were considered in this year’s process and while there were many firms we would have liked to have included we limit the number of awardees to the 25 best.
Please join us in recognizing The Top 25 Private Equity Firms of 2022.
Thoma Bravo is a leading software investment firm with over $114 billion in assets under management as of March 31, 2022. The firm has made more than 380 investments in leading software and technology companies representing over $190 billion of value. Thoma Bravo sets itself apart from its peers through its pioneering buy-and-build strategy and partnership-driven investment approach centered on close collaboration with portfolio companies’ management teams in order to spur innovation, drive operating results and accelerate growth. Thoma Bravo supports its own team and its entire ecosystem of companies by fostering a culture of collaboration and innovation.
“Thoma Bravo’s dedication to excellence and innovation starts with our firm’s culture and extends to our investment philosophy and our partnership with portfolio companies. We are eager to take advantage of new opportunities in the market and continue working alongside great teams and companies to build lasting value.”—Scott Crabill, Managing Partner
Founded in 1968, TA is a leading global growth private equity firm. The firm has raised $47.5 billion in capital and invested in more than 560 companies across North America, Europe and Asia Pacific, with a focus on its five target industries: technology, healthcare, financial services, consumer and business services. An active investor, TA employs a long-term approach, partnering with the owners and management teams of portfolio companies to help drive growth and build lasting value. This work is bolstered across the firm and its portfolio companies by TA’s culture of meritocracy and entrepreneurial hustle, with a focus on transparent communication, intellectual honesty and personal responsibility.
TA’s international team of more than 110 investment professionals is committed to identifying and investing in companies worldwide with high-quality business models and opportunities for sustained growth. The firm leverages its diverse experience, broad network of global resources and value-add capabilities, which are further enhanced by a dedicated Strategic Resource Group and Capital Markets Group. TA has offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong.
“Across TA’s more than 50-year history, we have had the privilege of partnering with hundreds of ambitious, inspiring management teams across our industries of focus. We believe we provide a unique perspective on building enduring value, leveraging our deep domain experience, long-term partnership approach and strategic resources. For our team, there is nothing more rewarding than seeing our hard work and collaboration help portfolio companies accelerate their growth journey.”—Ajit Nedungadi, CEO
Bain Capital is one of the world’s leading private investment firms with approximately $160 billion in assets under management. The firm pioneered the value-added approach to investing and has been at the forefront of growth investing since its founding in 1984. Bain Capital has a proven, collaborative strategy to support innovative businesses, accelerate growth and achieve scale. The team has decades of experience investing in and building category-leading businesses globally. Bain Capital’s reach across industries and geographies creates unique advantages for management teams as they enter new end markets and expand internationally.
“We work with founders, entrepreneurs, and management teams to support company visions and advance business models that create sustainable growth and long-term success. This approach is supported by the belief that growth opportunities arise from decisive and continued investments in innovation, and by supporting these investments with business-building acumen and deep industry-specific insights. We’re proud that Bain Capital continues to serve as the partner of choice for growing businesses.”—The Managing Directors of Bain Capital
TPG Growth has a 15-year track record of success in meeting the unique needs of earlier-stage companies, from traditional minority growth investments to growth buyouts and specialty capital. Having launched TPG Growth in 2007, TPG has had the opportunity to partner with some of the most innovative entrepreneurs, founders, and management teams of the past decade and a half. The team brings an established perspective and differentiated blend of conviction, flexibility, and partnership to growth equity that allows them to invest behind unique opportunities early, particularly in markets that are at points of inflection, disruption, or significant change.
Today, TPG Growth manages $13.9 billion in assets. Select investments have included Airbnb, Beautycounter, C3, Calm, Campus Activewear, GoHealth Urgent Care, Greenhouse, Medical Solutions, MX, Nykaa, People 2.0, Pharmeasy, Spotify, Uber, and Zscaler.
“At TPG Growth, our team takes a thematic approach, identifying compelling business models and opportunities across our core sectors—healthcare, technology, business services, and consumer. Post-investment, our dedicated operations team delivers business-building capabilities, deep industry expertise, and creative problem-solving to help our companies grow and scale. It’s a privilege to partner with world-class founders and management teams as they navigate their growth journey and we look forward to continuing to play a strategic role in helping companies achieve their goals.”—Matt Hobart and David Trujillo, Co-Managing Partners
Blackstone Growth (BXG) is Blackstone’s dedicated growth equity investing platform. They are experienced growth investors backed by the scale, operating expertise, and global reach of the world’s largest alternative asset manager. BXG focuses on providing capital to companies seeking to manage the execution risks associated with high-growth environments.
Blackstone is the world’s largest alternative asset manager. The firm seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. It does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s $941 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.
“Unlike traditional growth equity firms, BXG can draw upon Blackstone’s 35+ years of experience helping world-class companies navigate the ‘end state.’ We can apply those lessons, along with our differentiated base of resources, to help transform growth-stage companies into global leaders. This operationally intensive approach is even more critical in volatile economic periods as we help entrepreneurs take full advantage of the dislocation around them.”—Jon Korngold, Blackstone Global Co-Head of Technology Investing and Head of Blackstone Growth (BXG)
Francisco Partners (FP) is a leading technology investment firm with deep sector focus and a track record of delivering outstanding returns. Through its private equity and credit funds, FP provides flexible capital and partnership to growth-aspiring technology companies. FP prides itself as being one of the largest and most active technology focused investment firms in the world. The firm has raised approximately $45 billion. In its more than 20-year history, Francisco Partners has invested in or acquired more than 400 technology companies and has been repeatedly recognized for market-leading performance (HEC), making it one of the most active, long-standing and successful investors in the technology industry.
FP recently announced the closing on nearly $17 billion in capital commitments between its $13.5B flagship fund, Francisco Partners VII, L.P., and its $3.3B Francisco Partners Agility III, L.P. fund. The firm closed fundraising on both private equity funds with more than 160 institutional investors from 30 countries around the world. FP’s limited partners include public and corporate pension funds, foundations, endowments, insurance companies, sovereign wealth funds, and family offices. FP had strong support from its existing investors as well as many new prominent investors from Europe, Asia, the Middle East, South America, and the US.
“Francisco Partners is a firm which focuses on constantly challenging ourselves to be better—better partners for our LP’s by providing transparency and superior returns, better at supporting our portfolio companies and better at understanding trends and opportunities as investors in the technology sector.”—Dipanjan “DJ” Deb, Co-founder & CEO
Oak Hill Capital is a longstanding private equity firm that has been investing in the North American middle-market for 36 years. Oak Hill began its investment activities in 1986 as the family office of Robert M. Bass. This unique heritage is ingrained in the firm’s culture and is demonstrated by Oak Hill’s extensive history of partnering with world-class entrepreneurs and founder-owned businesses by supporting companies through their next phase of growth.
Oak Hill’s experienced team applies an industry-focused, theme-based approach to investing across four specialized sectors: business services, industrials, media and communications, and consumer. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. Oak Hill’s well-established ESG program and initiatives also play a major role both in the firm’s investment decisions, as well as in the growth strategy of its portfolio companies.
Since its founding, Oak Hill and its predecessors have raised approximately $20 billion of initial capital commitments and co-investments, and have invested in approximately 100 companies with an aggregate enterprise value at acquisition of over $60 billion. Oak Hill is currently investing out of its latest fund, Oak Hill Capital Partners Fund VI.
“Since Oak Hill’s founding 36 years ago, the firm’s core values and dedication to being principal-minded investors, in which we emphasize economic alignment, capital preservation, risk management, and corporate citizenship, remain unchanged. Our differentiated theme-based approach to investing and creating value is designed to achieve institutionalized success, which we believe is characterized by consistent, repeatable processes that are scalable and lead to compelling investments in any market environment. We promote a collaborative “One Firm-One Mission” culture, which is exemplified by our extensive history of partnering with portfolio companies and their management teams to build sustainable franchises. It is a privilege to be a part of such a long-standing and impactful firm and to work alongside such a talented team at Oak Hill.”—Brian Cherry, Steve Puccinelli, Tyler Wolfram, Managing Partners
Vista delivers a differentiated and disciplined approach to investing in enterprise software, data and technology-enabled businesses. From convertible preferred equity offerings specifically for founders and late-stage growth capital to scale, to more traditional private equity buyouts, Vista offers compelling capital solutions and the partnership and expertise to help the founders and executives of today’s leading enterprise software businesses innovate, grow and thrive across private equity, permanent capital and credit offerings.
Founders and CEOs who partner with Vista receive connectivity to and learnings from the entire Vista ecosystem, which spans more than 85 companies with more than 90,000 employees active in over 180 countries. Companies also gain access to Vista’s value creation capabilities, which comprise seasoned enterprise software experts who provide strategic counsel and hands on support to executives and their organizations across Talent, Product & Technology, Go-To-Market and Business Operations practices and a large team of investment professionals to help with M&A activities within the portfolio. Access to this counsel and resources unlocks opportunity, scales businesses and creates sustainable and enduring growth.
“At Vista, we are inspired by the entrepreneurs and founders we work with every day. We are committed to helping accelerate their ability to scale, innovate and realize their next chapter of growth. We are thrilled to be recognized for this commitment as one of GrowthCap’s top private equity firms.”—Robert F. Smith, Founder, Chairman and CEO
Hg is a leading software and tech-services investor, focused on building SaaS champions and backing businesses that provide critical services for many thousands of businesses globally. Hg has led over 170 investments in this sector and is currently invested in over 45 software and technology transatlantic businesses, with its large-cap strategy, Saturn, now invested in the top three biggest software buyouts in Europe (Access Group, IFS and Visma).
Today Hg has over $55 billion in total funds under management, comprising $25 billion of new investible capital, which puts Hg in the top three software-focused buyout firms globally. Through deep sector specialization and dedicated operational support, Hg is helping to progress the digitization trend across various sectors, where businesses are adopting more technology to enhance what professionals within that industry can do.
To support this, Hg has deep technology expertise and vertical application specialization in the businesses it invest in, with an investment team of over 160 professionals, including a portfolio team of almost 60 operators, providing practical support to help its businesses to realize their growth ambitions. Hg has nearly 300 employees across Europe and North America, with offices in London, Munich, New York, Paris and San Francisco.
Hg has grown and evolved over the years, but what’s stayed constant is its culture. The firm took time to map its culture in 2019 and again in 2022. Hg’s culture is very aligned to the tech industry, characterized by strong elements of results orientation, collaboration and a focus on learning, continuous improvement, and entrepreneurship.
“The digital transformation of business activities is a decades-long theme which continues at pace. Hg has spent more than 20 years sharpening our focus on this sector, successfully building hundreds of enduring software and tech enabled businesses that significantly accelerate technological progress across the sectors they serve. As one of the leading global investors in a sector with such strong tailwinds, we believe that our disciplined focus, operational abilities, deep network and commitment to investing in our own business positions us well for further growth over the next ten years.”—Matthew Brockman, Managing Partner
Founded in 2000 as one of the first technology-focused private equity firms, Accel-KKR has since invested in 350+ mid-market software and technology-enabled services businesses around the world. Today, Accel-KKR manages $14 billion in committed capital. The firm stands out amongst its peers for its keen insight into turning emerging companies into dominant players in expanding verticals. In numerous cases, it has proven successful in rapidly scaling its portfolio companies through a series of highly targeted acquisitions. Its remarkable value creation capabilities stem from deep operating experience, dedicated sourcing and M&A, strong peer and talent communities, skilled governance and patient capital.
Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority growth investments and credit alternatives. It also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. Notably, the firm supports its portfolio companies in raising diversity and inclusivity across their organizations. Accel-KKR is headquartered in Menlo Park with additional offices in Atlanta, London and Mexico City.
Great Hill Partners is a Boston-based private equity firm that invests in high-growth, disruptive companies across five core sectors (software, digital commerce, financial technology, healthcare, and digital infrastructure). Over the past two decades, Great Hill has raised over $12 billion of commitments across eight funds and invested in more than 95 companies, establishing an extensive track record of building long-term partnerships with founders and entrepreneurs to help middle-market industry pioneers achieve their full potential. With an individualized approach to each of its investments, Great Hill is a long-term growth-oriented investor and serves as a true partner to its portfolio companies’ management teams.
As part of its focus on value creation, Great Hill provides robust executive networks, deep domain expertise and strategic counsel to accelerate portfolio company growth and enhance strategic value. Great Hill has a dedicated Growth team that works hand-in-hand with the firm’s investment teams and portfolio companies to accelerate businesses by optimizing efforts across go-to-market, customer acquisition, product expansion and talent initiatives, as well as geographic expansion and sourcing strategic acquisitions.
“It’s an honor to be included on this list alongside so many prestigious firms. This is a true testament to the strength of our team and our long-term, growth-oriented strategy, as well as our partnership-focused investment philosophy that has helped us to achieve success for nearly 25 years.”—Chris Gaffney, Michael Kumin, Mark Taber and Matt Vettel, Managing Directors
Kayne Partners is the Los Angeles-based growth capital strategy of Kayne Anderson Capital Advisors, L.P. that currently manages over $1.2 billion in capital. Since 2010, the Kayne Partners team has partnered with nearly 50 privately held, high growth, enterprise software and tech-enabled service businesses in North America and achieved more than 25 exits to strategic acquirers and larger financial sponsors. Kayne Partners seeks to make $10-$50 million equity and credit investments in companies doing $10 to $75 million in revenue by partnering with driven entrepreneurs at a transformative point in their life cycle across growth sectors of the economy including media & telecommunications, supply chain & logistics, financial technology, healthcare IT, security, compliance & infrastructure, and business process outsourcing & automation.
Kayne Partners’ slice of the lower middle market requires hands-on portfolio management to scale businesses. Due to the team’s consistent focus on companies at this stage of development, Kayne Partners focuses on adding value through key hires, resource and product enhancements, infrastructure and scalable operational processes, capital formation planning, access to operating partners and a unique vendor network, and corporate development support.
Kayne Partners is currently investing out of its 5th equity fund, its largest to date and recently launched a new credit strategy that enables the team to bring a complementary capital solution with a different risk-return profile to a different subset of growth companies.
“We are thrilled to have been selected as one of the Top 25 Private Equity Firms of 2022. Being part of the broader Kayne Anderson platform has helped accelerate our success. The depth and diversity of our experience brings credibility in lower middle market growth equity. We continue to be proud of the team we have built and are excited to continue partnering with the best entrepreneurs of growing technology companies across North America.”—Nishita Cummings, Managing Partner
Bregal Sagemount is a leading growth-focused private capital firm with more than $5.5 billion of capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 60 companies in a variety of sectors, including software, financial technology & specialty finance, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Dallas, and Palo Alto.
“At Sagemount, we collaborate with founders and entrepreneurs to help accelerate growth and create value. We take a custom approach to every investment, combining flexible capital and value-creation solutions to address the unique needs of successful entrepreneurs. We believe our partnership helps deliver outsized outcomes for our companies.”—Gene Yoon, Managing Partner & Founder
Founded in 2001, Alpine Investors is a people-driven private equity firm committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in the software and services industries. Since its founding, Alpine has made almost 300 investments and has hired over 60 executives into its portfolio companies. Alpine has embarked on eight funds since 2001 and most recently closed Fund VIII in 2021 with over $2.25b in committed capital after an oversubscribed fundraising process initially targeted at $1.7b. Alpine currently has $8b in assets under management and has sold 16 companies since 2018. A Certified B Corporation, Alpine is headquartered in San Francisco with offices in New York and Salt Lake City.
Alpine believes that it can create exceptional companies by investing in exceptional people, which is core to Alpine’s distinct PeopleFirst operating strategy. This strategy includes a talent program which allows the firm to bring leadership into situations where additional or new management is needed post-transaction. As of 2022, Alpine’s CEO program has over 60 trainees, with its 2022 class including 72% from under-represented populations: 61% female identifying and 39% BIPOC.
“We are elated to accept this award as it is a testament to how powerful our distinct PeopleFirst philosophy is. At Alpine, we have a deep passion for the people we employ as much as we do for the companies in which we invest. We believe that people make companies thrive, which is why we aim to create an environment in which all people feel appreciated, valued and celebrated. Our PeopleFirst program aims to grow enduring businesses while engaging the many employees who power them. Working in an environment like the one we have curated at Alpine makes ‘business as usual’ unusually enjoyable.”—Graham Weaver, Founder and CEO
Norwest is a leading venture and growth equity investment firm managing more than $12.5 billion in capital. Since its inception, the firm has invested in more than 650 companies and currently partners with over 200 active companies in its venture and growth equity portfolio. Norwest invests in early to late stage companies across a wide range of sectors with a focus on consumer, enterprise, and healthcare. Norwest’s growth equity team has a long track record of working with the most innovative companies in the following key sectors: technology (cloud & IT infrastructure, internet & consumer, SaaS), business services, financial services, consumer, and healthcare.
“We are honored to be recognized as one of the Top 25 Private Equity Firms of 2022 for our work investing in innovative companies with transformational businesses across the consumer, enterprise and healthcare industries.”—Sonya Brown, General Partner
Serent Capital is a growth-focused investment firm that helps founders lay the groundwork that propels their companies forward. From inception, Serent set out to build a distinctly different firm that prioritizes the founders and their companies. The firm strives to be a true business partner and surrounds its portfolio companies with the tools, people, and resources they need to achieve their vision. Serent helps grow and scale technology and tech-enabled service companies who are committed to changing the way we live, work, and do. Serent’s portfolio includes more than 60 founder-led, industry-changing companies that it partners with who are scaling up by using Serent’s toolkit of growth resources. Serent’s in-house Growth Team are collaborative problem-solvers that understand unique challenges and how to tackle them. From strategic, operational support to executive talent recruiting, the firm is equipped with all of the resources needed to accelerate growth within companies. Serent has nearly $5 billion dollars of assets under management and has been recognized for its collaborative and purpose-driven approach to partnering with founder-led companies.
“At Serent, we have a great respect for the entrepreneur; these founders have overcome incredible odds to build their businesses. When we partner with them, our collective goal is to unlock value, build great products, and have happy customers and inspired employees. We feel fortunate every day to work with our portfolio companies and are honored to be recognized by Growth Cap for our purpose-driven partnership approach.”—Stewart Lynn, Partner
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 175 businesses in its target markets, successfully completed over 110 exits, and raised more than $6 billion of committed capital. JMI has partnered and collaborated with countless entrepreneurs, founder-owners, and management teams over the past 30 years.
Based in Baltimore, San Diego, and Washington, D.C., the firm focuses on backing outstanding software companies via capital investments, strategic advice, team-building, and proven value creation strategies. JMI often provides the first institutional capital to self-funded companies, typically companies with more than $10 million in revenues.
Mainsail Partners is a growth equity firm that invests in growing, bootstrapped software companies. Since inception, the firm has raised over $2.2 billion. Mainsail prioritizes investments in B2B software companies, specifically focused on vertical SaaS, healthcare IT, financial technology, infrastructure and security software, and select horizontal SaaS. With a focus on bootstrapped companies, Mainsail leverages experience and resources it believes are relevant to helping founder-led software companies grow.
Mainsail’s most recent investments in high-growth software companies include: Fexa, a facility management software solution; Flight Schedule Pro, business management software for the aviation industry; Apptega, cybersecurity and compliance management software; and ServiceCore, software for liquid waste and roll-off businesses.
Mainsail has a dedicated operations team that is purpose-built to work alongside software company management teams to help scale operations and accelerate growth. Mainsail works closely with portfolio companies to assist with various growth initiatives including hiring for key management positions, optimizing go-to-market strategies, pricing optimization, accelerating product development, M&A execution and much more.
Founded in 2003 with offices in Austin and San Francisco, Mainsail has invested in more than 60 bootstrapped companies.
“This year has been a pivotal time for Mainsail Partners and our portfolio companies. We raised our sixth and largest fund at $915M, in an effort to continue pursuing our strategy of investing in growing, bootstrapped software companies led by dynamic founders and management teams. Additionally, we continued to invest in our team that is dedicated to providing support to founders and management teams in their efforts to scale their companies and accelerate growth.”—Gavin Turner, Managing Partner
H.I.G. Growth Partners is the dedicated growth capital affiliate of H.I.G. Capital, a global alternative investment firm founded in 1993 with $50 billion of equity capital under management. Focusing on the small-cap and mid-cap segments of the market, H.I.G. Growth invests in growing, technology-oriented businesses across sectors including SaaS, cloud & data software, technology, media & telecommunications, fintech, consumer, healthcare, and technology-enabled services. The firm makes both majority and minority investments throughout North America, Europe and Latin America.
H.I.G. Growth leverages the resources of its parent organization, including over 500 investment professionals, 18 office locations, and over 100 active portfolio companies. Its extensive network and resources include a portfolio operating team that creates value in partnership with portfolio companies, accelerating their growth in areas including talent, go-to-market, digital transformation and FP&A. The firm values a collaborative, inclusive culture focused on mutual respect, curiosity, and partnership which is evidenced by strong relationships across the firm and portfolio organizations. The firm’s commitment to DE&I is reflected in its hiring practices, as well as demonstrated in its investment process, from initial due diligence to post closing initiatives.
“We are honored to be recognized by GrowthCap as a top private equity firm. This is a testament to the team’s partnership and success with our industry-leading portfolio of companies. We look forward to our continued growth.”—Ross Hiatt and Scott Hilleboe, Co-Heads H.I.G. Growth Partners
Trivest Partners, with offices in Miami, Charlotte, Chicago, Los Angeles, Philadelphia, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the U.S. and Canada, in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 400 investments, totaling approximately $7 billion in value. The firm has roughly $4 billion in assets under management, with a growing team of over 60 professionals. Trivest is a two-time member of the GCI “Elite 10” and one of only 15 firms recognized by Inc. Magazine as one of the top founder-friendly private equity firms in three consecutive years.
“Trivest has seen unprecedented growth over the past three years, and 2022 has maintained that pace. I can’t say enough about our team throughout the investment lifecycle: from business development through diligence; to legal, finance, and firm administration; and into company management and portfolio support—Trivest’s success continues thanks to a talented group of professionals across the firm and throughout our portfolio. We’re thrilled to be included on this list, as it both supports and validates our approach to founder-friendly private equity.”—Troy D. Templeton, Managing Partner
For over 20 years, NewSpring has partnered with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The firm manages over $2.7 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in 200 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. This approach is the starting point for the way that NewSpring partners with its entrepreneurs.
The NewSpring investment team brings significant CEO-level experience as former business owners and operators to help management teams find predictable paths to grow and develop their businesses into market leaders. NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries providing new ideas, new opportunities, and new insight.
“Supporting an entrepreneur’s vision and driving growth is fundamental to NewSpring’s approach. By specializing in the lower-middle market for over 20 years, building deep relationships with management teams, and providing a unique mix of flexible financing options that maximize the long-term growth potential of our portfolio companies, NewSpring is able to create measurable value for our business owners and our Limited Partners.”—Jon Schwartz, President
Blue Point Capital Partners is a private equity firm managing over $1.5 billion in committed capital. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish trusted relationships with local and regional entrepreneurs and advisors in the U.S. and Canada, while providing the resources of a global organization.
Blue Point has over a two-decade history of partnering with lower middle-market businesses to cultivate the processes and capabilities needed to achieve transformative growth. The firm brings a highly disciplined and focused approach to its management team partnerships by leveraging its extensive network of operating resources and add-on acquisition efforts, as well as its in-house global supply chain, data & digital and human capital capabilities.
Blue Point typically invests in industrial, business services, consumer or value-added distribution companies that generate between $30 million and $300 million in revenue.
“We believe that to be a good partner, we need to go beyond just capital and provide resources to our management partners that help build capabilities to achieve future success. We take great pride in directly assisting in developing and executing growth strategies, especially by utilizing our internal global supply chain, data & digital and human capital capabilities which are central to building enduring value with our businesses. It is the hard work, collaboration and commitment of our firm and management teams that garner such recognitions and inclusions—without them, none of this would be possible.”—Sean Ward, Partner
Altamont Capital Partners is a private equity firm with over $4.5 billion of capital under management, focused primarily on making long-term, control investments in middle-market businesses. The firm’s approach relies on partnering with strong management, supporting the business with its considerable resources, and bringing a constructive and pragmatic mindset to drive significant long-term value. Altamont takes pride in being straightforward, value-added partners and promises quick, thoughtful, and direct communication and feedback.
Guided by collaboration, transparency, and aligned incentives, Altamont’s strong relationships are fundamental to the firm’s success and that of its partner companies. When meeting great executives, advisors, lenders, and co-investors, the firm’s aim is to forge lasting and productive relationships. Altamont’s expertise in corporate carve-outs, build-ups, and turn-arounds is bolstered by its commitment to building lasting relationships. Since the firm’s founding in 2010, Altamont has grown significantly, with 25 portfolio companies supported by over 40 employees across three offices in Palo Alto, San Francisco, and Austin.
“Altamont is honored to be selected as one of GrowthCap Advisory’s Top 25 Private Equity Firms of 2022. We pride ourselves on our commitment to our relationships, value creation, and collaboration and look forward to the future as we continue to grow and innovate.”—Jesse Rogers, Co-Founder and Managing Director
Founded in 1988, Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders across four target industries: communications, healthcare, services and software. Working from one office in Charlotte, North Carolina, its team of investment professionals has sourced and led hundreds of successful transactions over its 30+ year history. Pamlico closed its most recent fund in 2020 at the hard cap of $1.4 billion. Since inception, the firm has invested approximately $4 billion.
Pamlico takes a comprehensive approach and active involvement in each of its portfolio companies. It employs strategic planning, portfolio best practice sharing, go-to-market strategy, acquisition planning, and human capital networks to optimize all business operations and capitalize on value creation opportunities. The firm’s culture is upheld by a people first mentality where colleagues support each other in and out of the office.
“For over 30 years, Pamlico has been committed to being a trusted and valued partner to the executives we work with each day. We provide our portfolio company leaders with strategic guidance, insights and resources, as well as the opportunity to share in the value created over time. We are proud of our team and the network of executives we continue to build, and feel fortunate to work with such talented entrepreneurs.”—Walker Simmons, Partner
Founded in 1999, Lovell Minnick Partners is a middle market private equity firm focused on investments in financial services, financial technology, and related business services. LMP’s experience in growth oriented financial services enables it to partner with outstanding management teams to help grow their companies and build value for investors. LMP does this by becoming a trusted partner with its portfolio companies, working with management to add strategic and operational value beyond just a capital infusion. By leveraging this sector specialization strategy, LMP has become a leader in its field—raising $3.5 billion of committed capital from institutional investors and completing more than 50 portfolio company investments and over 150 add-on acquisitions since inception.
With offices in Philadelphia, Los Angeles, and New York, LMP’s dynamic team of 23 investment professionals works collaboratively to capitalize on growth opportunities and create first class private equity investment opportunities. LMP drives its companies to not only respond to the ways in which technology is constantly changing the landscape but, more importantly, to define and lead how technology will impact the future of how products and services are delivered.
“We are honored to receive this award, which we feel speaks to the depth and breadth of our team’s sector experience and ability to navigate cyclical markets while delivering on the firm’s mission to generate strong and successful outcomes for our portfolio companies and investors. Everyone at LMP works diligently, day-in and day-out, to make a tangible difference with all our portfolio companies, and it is rewarding to see our whole firm’s hard work pay off.”—Steve Pierson, Managing Partner
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Copyright: The Top 25 Private Equity Firms of 2022 publication is copyrighted material, produced and published by GrowthCap, LLC. For information pertaining to content permissions, please refer to GrowthCap’s award usage regulations.
Disclaimer: The data provided in this publication is for informational purposes only and should not be construed as investment advice, endorsement, nor recommendation. GrowthCap believes the information in this publication to be accurate but does not verify its accuracy independently and does not warrant or guarantee that it is accurate or complete. GrowthCap has no obligation to provide any updates or changes to the information. No investment decisions should be made using this information.
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