For over a decade, we have studied growth equity firms. Undeniably, the trait that the best firms share is a culture of integrity and excellence led by founders and partners of sound character and exceptional discipline. What we write in this annual award publication is what people closest to working with each firm already know.
These are the select industry leading growth equity firms with whom the best founders and CEOs aspire to partner. The ability for a firm to create or enhance value for a portfolio company, and in parallel its limited partners, is table stakes. At a much deeper level, the ability for a firm to consistently recruit the best talent, grow portfolio companies, and ultimately build a reputation that stands the test of time is much harder to attain.
It is our distinct pleasure to announce this year’s Top Growth Equity Firms. Starting with a consideration set of several hundred firms, final round candidates were reviewed methodically on the strength of their nomination submissions. We evaluated each firm’s unique capabilities, sector expertise, investment judgment, demonstrated value creation, senior partner composition, talent retention, firm evolution, and firm momentum, among other attributes. A fraction of final round candidates were ultimately selected as awardees.
We want to acknowledge all firms who were nominated in this year’s process, many of whom are deserving of recognition for the good work they are doing. In some cases, it’s easy to see that some of the firms who did not make this year’s list could one day become industry leaders.
Please join us in recognizing The Top Growth Equity Firms of 2024.
Summit Partners is a leading growth-focused alternative investment firm. For over 40 years, Summit has partnered with profitable, category-leading companies and their leadership teams seeking to build best-in-class businesses by leveraging its deep industry expertise and its Peak Performance Group value enhancement platform. With over 80 investment professionals in offices across North America and Europe, Summit has invested in more than 550 companies in the technology, healthcare, financial services, business services and consumer sectors.
“We are very grateful to be recognized on GrowthCap’s 2024 list of Top Growth Equity Firms. Summit’s growth equity strategy is built on our foundational belief in profitable growth as the most reliable source of superior risk-adjusted returns across market cycles. We believe this strategy is both timeless and time-tested, and we are honored to have served as the partner of choice for category-defining companies for over forty years.” – Peter Y. Chung, Managing Director and Chief Executive Officer
TA is a leading global private equity firm focused on investing in growing companies with high-quality business models across its five target industries: technology, healthcare, financial services, consumer and business services. Since its founding in 1968, the firm has raised $65 billion in capital and invested in more than 560 companies worldwide. As an active investor, TA is committed to building long-term partnerships with founders, entrepreneurs and management teams to help scale portfolio company growth and deliver lasting value. TA has over 150 investment professionals across its global offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. The firm’s dedicated Strategic Resource Group and Capital Markets Group provide further growth-orientated resources and support, including strategic counsel, operational guidance and assistance structuring and financing transactions.
“We are honored to have once again been recognized by GrowthCap as a Top Growth Equity Firm. This acknowledgment is a testament to our team’s depth of expertise, strategic resources and unwavering commitment to helping our portfolio companies scale and create enduring value. Over the course of five decades, it has been a true privilege to partner with leading businesses across the globe, supporting management teams and founders in achieving their growth ambitions.” – Ajit Nedungadi, CEO & Co-Managing Partner
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
“Since we launched our first growth equity strategy nearly a decade ago, we have collaborated with founders, entrepreneurs and business builders whose companies disrupt, define and lead their market sectors. We seek to leverage KKR’s full capabilities, including our extensive network of CEOs and industry advisors, our pattern recognition and investment playbooks and our nearly 50-year history of private equity investing, to support growing companies in achieving their visions. We look forward to leveraging this momentum and continuing to partner with these best-in-class businesses.” – Ali Satvat and Dave Welsh, Partners and Global Heads of Health Care Strategic Growth and Next Generation Technology Growth, respectively
Thoma Bravo is one of the largest software investors in the world, with more than US$166 billion in assets under management as of September 30, 2024. The firm has a dedicated Growth platform, which is a fund specifically focused on making minority investments in high-growth software and technology companies. Core to Thoma Bravo’s growth equity strategy is sharing its deep sector knowledge and closely collaborating with portfolio company founders and management teams to drive innovation and performance. Leveraging Thoma Bravo’s 20+ years of investing in software, the Growth platform is uniquely positioned to apply the firm’s operational and strategic expertise to help founders realize their visions and achieve long-term, profitable growth.
“At Thoma Bravo, we take great pride in working closely with visionary management teams and founders throughout the investment process, supporting them in driving innovation and long-term profitable growth. Drawing on Thoma Bravo’s 20+ year history as leaders in software investing, we bring more than just capital to our investments – we contribute sector-specific knowledge and operational expertise that help position our portfolio companies for success.” – Ross Devor, Partner
Launched in 2007 as one of the first dedicated growth equity funds at a large cap private equity firm, TPG has a track record of success in meeting the unique needs of growth-stage companies, specifically growth buyouts and specialty capital. Throughout its history, TPG has partnered with some of the most innovative entrepreneurs, founders, and management teams to help grow and scale their businesses. TPG’s team brings an established perspective and a differentiated blend of conviction, flexibility, and partnership to growth equity that allows it to invest behind unique opportunities early, particularly in markets that are at points of inflection, disruption, or significant change. The firm takes meaningful ownership stakes in a relatively smaller number of companies in its core sectors (business services, IDMC & consumer, healthcare, and software), positioning its team to actively manage and add value through best-in-class business building capabilities and operational expertise.
Today, TPG Growth manages $18 billion in assets. Select investments include Airbnb, Azoff Music Company, Beautycounter, C3, Campus Active Wear, Compass Surgical Partners, Crunch Fitness, CTSI, Denodo, Evolent Health, e.l.f. Cosmetics, GoHealth Urgent Care, Greenhouse Software, Homrich Berg, Kaseya, Keter Environmental Services, Kodiak Solutions, K2 Medical Research, Lenskart, Musixmatch, Nykaa, Sayari, The Initial Group, Tryon Management Group, Uber, and Zscaler.
“In an increasingly competitive market for growth equity products, TPG Growth separates itself through its unmatched breadth and depth of experience. Founders and our portfolio companies benefit from TPG Growth’s intellectual capital, global network, business building capabilities, and the resources and expertise of the broader TPG platform. Beyond capital, we aspire to work with entrepreneurs and management teams to transform companies for the better, driving value by connecting fragmented marketplaces in an innovative, strategic, and integrated way.” – Matt Hobart and David Trujillo, Co-Managing Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology startup and ScaleUp software companies that are driving transformative change in their industries. Since its founding in 1995, Insight has invested in 800+ companies and supported 140+ strategic exits, including 55+ successful IPOs of Insight portfolio companies. Insight’s mission is to find and fund scalable companies and work with visionary executives and founders, providing them with practical, hands-on software expertise that fosters long-term success.
In 2025, Insight Partners is celebrating 30 years of being more than just an investor. In addition to flexible capital, the firm brings the strategic insight, operational expertise, and relentless discipline that software companies need for efficient growth. Insight’s stage-agnostic approach to investing prioritizes opportunity, seeking exceptional technologies and teams with strong SaaS unit economics. For three decades, this approach has enabled Insight to build enduring, transformative relationships with founders, seasoned executives, and companies—from the earliest stages of innovation to global scale.
“To build a transformative and enduring software company takes more than funding—it requires strategic support, operational expertise, and a shared vision for unrealized potential. For 30 years, Insight Partners has partnered with founders to help them unlock new opportunities and navigate the challenges of scaling. It’s our privilege to work alongside great software leaders to turn big ideas into solutions with impact.” – Hilary Gosher, Managing Director
Sixth Street Growth invests in fast-growing companies with a focus on forming long-term partnerships with market leaders across application software, infrastructure software, healthcare technology, and fintech. The Sixth Street Growth team partners with founders and management teams to provide differentiated capital solutions to accelerate organic and inorganic growth. Sixth Street Growth is currently investing out of its second growth fund—a $4.4 billion vehicle targeting both late- and mid-stage investments. In 2022, Sixth Street Growth announced the formation of its “More than Capital” Group, a specialized platform for bringing expertise and resources to help portfolio companies create operational excellence.
Sixth Street Growth is the dedicated growth investing platform of Sixth Street, a leading global investment firm with over $100 billion in assets under management and committed capital. Since 2013, Sixth Street has invested over $10 billion in more than 70 companies and has partnered over 70 CEOs/management teams, providing flexible capital to help achieve their respective strategic agendas. Select Sixth Street Growth investments include Airbnb, AvidXchange, Bloomreach, Clio, Contentsquare, Datavant, Gainsight, Kiteworks, Keyfactor, MasterControl, MDLIVE, Spotify, Sprinklr, and SumUp.
“At Sixth Street Growth, we are looking for businesses with impressive organic growth, highly defensive business models, a customer-first perspective, and a shared responsibility between leadership, board, and investors to drive long-term value creation. Our flexibility, scale, and expertise have paved the way for strong partnerships with software market leaders. We are proud of our team and the companies we have had the privilege of investing with to date, and we look forward to continuing to help companies accelerate and build sustainable long-term growth.” – Michael McGinn, Co-Head of Sixth Street Growth
Silversmith Capital Partners is a Boston-based growth equity firm focused on partnering with, and supporting, the best entrepreneurs in growing technology and healthcare companies. Since its founding in 2015, the firm has raised four funds totaling $3.3 billion of capital under management. Silversmith typically invests between $20 million to $150 million in profitable, growing companies that have achieved scale in a capital efficient way and is flexible on deal structure.
“Being named a Top Growth Equity Firm for the 5th consecutive year is an honor that reflects the vision and leadership of the entrepreneurs and CEOs we are privileged to support. Since our founding in 2015, Silversmith has been committed to partnering with the best entrepreneurs in technology and healthcare, providing the support they need to scale and achieve transformative growth. This recognition reflects the talented teams we work alongside, whose dedication and drive create meaningful impact.” – Jim Quagliaroli, Co-Founder & Managing Partner
Spectrum Equity has a uniquely collaborative, hands-on approach to partnership – for more than three decades, founders and leadership teams have benefited from the firm’s collective experience, curated network of experts, and committed support. The firm has invested in 175+ companies across multiple sectors, focusing on category-leading software, data, and consumer internet businesses.
With offices in Boston, San Francisco, and London, the firm is currently investing its tenth fund. Representative investments include AllTrails, Ancestry, Definitive Healthcare, GoodRx, Lucid Software, Teachers Pay Teachers, Origami Risk, and Verafin.
“For over 30 years, we’ve been privileged to support extraordinary companies and the people who make them possible. Partnering with founders and leadership teams means more than providing capital — it’s about helping them scale, navigate pivotal moments, and realize their ambitions.” – Ben Spero, Managing Director
PSG is a growth equity firm that specializes in investing in middle-market software and technology-enabled services companies to capitalize on transformational growth. The firm leverages its deep investment and operational expertise, drawing on the collective experience of its teams to collaborate with company leadership across its portfolio. PSG acts as a strategic partner to support portfolio companies and implement value creation strategies that drive business growth. To date, the firm has invested in over 140 companies and completed over 500 add on acquisitions.
Founded in 2014 by Mark Hastings and Peter Wilde, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel Aviv. PSG has over 280 total professionals with 174 investment professionals, as of December 2024.
“At PSG, we are continuously working with portfolio company management teams to find new and innovative ways to help scale their businesses and navigate both organic and inorganic strategic growth opportunities. As a firm, we are proud to be an early identifier in the power of AI and the transformation it can have on software companies. We are thrilled to once again be recognized by GrowthCap as a Top Growth Equity Firm among this incredible group.” – Peter Wilde, Co-Founder and Chairman and Mark Hastings, Co-Founder and CEO
General Atlantic is a leading global investor with over four and half decades of experience providing capital and strategic support for over 540 growth companies throughout its history. Established in 1980, General Atlantic continues to be a dedicated partner to visionary founders and investors seeking to build dynamic businesses and create long-term value. Guided by the conviction that entrepreneurs can be incredible agents of transformational change, the firm combines a collaborative global approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with and scale innovative businesses around the world.
The firm leverages its patient capital, operational expertise, and global platform to support a diversified investment platform spanning growth equity, credit, climate, and sustainable infrastructure strategies. General Atlantic manages approximately $103 billion in assets under management, inclusive of all strategies, as of December 31, 2024, with more than 900 professionals in 20 countries across five regions.
“We are proud to have partnered with and helped over 540 growth businesses since our founding in 1980. We believe the growth equity opportunity is stronger than ever driven by acceleration of innovation cycles, the globalization of entrepreneurship, and the rise of the digital economy.” – Martín Escobari, Co-President and Head of Global Growth Equity at General Atlantic
Founded in 1983, Battery is a global, technology-focused investment firm with offices in the U.S., Europe and Israel. The firm practices a collaborative, research-focused style of investing and makes early, growth-equity and buyout investments.
Battery is now investing its 14th family of funds, capitalized at more than $3.8 billion, and has raised more than $13 billion since inception. The firm’s core areas of focus are business software, enterprise-IT infrastructure, consumer technology and industrial technology/life-science tools. As of January 2025, Battery has invested in more 500 companies globally, excluding seed-stage deals; its portfolio has staged 74 public offerings and seen more than 200 M&A events.
The investment staff works together as a single, global unit to evaluate and support potential investments. Every portfolio company—before, during and after an investment—works with a dedicated team of experts to help it grow. In addition to receiving support from board members and Battery investors, portfolio companies are supported by a robust portfolio-services organization offering help in areas including executive search, business development, go-to-market, marketing, and other services targeted specifically at growth-stage companies. Battery is also committed to building a strong and cohesive internal culture, and to promoting diversity and inclusion across its network.
“Over more than 40 years, our global team has sought to partner with the most innovative and talented founders across stages who are building the technology businesses of the future. Our growth-equity practice is a critical part of this strategy. Around the world, we help companies scale and grow both organically and through acquisitions; along the way, our team offers value-added help to these businesses in areas such as talent and recruiting, go-to-market assistance, business development and more. We’re extremely honored when growth companies choose to partner with us.” – Chelsea Stoner, Battery Ventures General Partner
Norwest is a global venture and growth equity investment firm managing more than $15.5 billion in capital. Since its inception, the firm has invested in more than 700 companies and currently partners with more than 250 companies in its venture and growth equity portfolio. 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, and SaaS), business services, financial services, healthcare as well as growth products and services. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses.
“Norwest has a rich history of partnering with visionary CEOs, founders, and management teams to build the next generation of category-defining companies. Our talented team brings unmatched domain expertise, value-creation services, and resources to help portfolio companies reach new heights. We are honored to be recognized again on GrowthCap’s list of Top Growth Equity Firms and look forward to another exciting year ahead.” – Jon Kossow, Managing Partner
Berkshire Partners has a well-established history as a multi-sector specialist investor in private and public equity. The firm’s private equity team invests in leading companies across a range of industries including business & consumer services, healthcare, industrials, and technology & communications. With nearly 40 years of experience and over 150 private equity investments to date, Berkshire Partners collaborates with management teams to strengthen and enhance the companies in which it invests. Berkshire Partners’ investment process is grounded in analytical rigor, truth-seeking, and open debate. The firm seeks to be a constructive partner for management teams and to provide the necessary guidance to help its portfolio companies grow into enduring market leaders.
Berkshire Partners is 100% employee-owned and works hard to reinforce its team-centered approach. Collaboration and deep alignment with stakeholders are principles that the firm believes have helped attract and retain experienced investment professionals. Team members possess deep sector knowledge and champion the firm’s values: Relationships Matter, The Power of Teams, and Winning the Right Way. It is these core values and the distinctive culture of Berkshire Partners that it believes have helped drive the firm’s success.
“Berkshire Partners is proud of its forty-year history of partnering with companies and founders in over 150 private equity investments. Our fundamental belief in the power of teams, the importance of relationships, and in winning the right way allows us to work with talented management partners to create enduring enterprise value. We are delighted to be acknowledged alongside these other respected, growth-oriented firms.” – Ross Jones, Managing Director
Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative 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 100 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas
“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 and Founder
Bregal Milestone is a leading European software private equity firm with roughly €1.3 billion of committed capital. The firm provides growth capital and operational support to build market-leading software companies. Bregal Milestone is part of Bregal Investments, a leading global investment platform with assets under management of more than €19 billion.
“At Bregal Milestone, we work alongside European founders and management teams to provide growth equity and valuable, hands-on operational expertise to help scale businesses into global leaders. With the use of our AI-driven data science team and an unwavering focus on responsible investing practices, our dedicated investment and ‘Milestone Performance Partners’ teams help to support companies as they take the next steps on their journey.” – Cyrus Shey, Co-Founder, 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 $67* 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, fintech, 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 the overall H.I.G. platform, including over 500 investment professionals, 19 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.
*Based on total capital commitments managed by H.I.G. Capital and affiliates
“At H.I.G. Growth Partners, we take pride in building meaningful partnerships with forward-thinking founders and leadership teams to drive impactful growth. Leveraging H.I.G. Capital’s broad reach, scale, and over 30 years of experience, we provide unique support and perspectives that empower businesses to scale and thrive. Being recognized among GrowthCap’s Top Growth Equity Firms is an honor that underscores our commitment to fostering long-term success for our portfolio companies.” – Ross Hiatt, Managing Director and Head of H.I.G. Growth Partners
Sageview Capital is a private investment firm that focuses on partnering with ambitious entrepreneurs that have built companies with strong unit economics, fundamentals & capital efficiency in a quest to scale category-defining software and tech-enabled businesses. Rather than apply a formulaic operating playbook to each company, Sageview collaborates with founders and management teams on a custom approach, leveraging the team’s decades of experience, operational expertise, and network.
As active investors, Sageview runs a concentrated portfolio to help ensure proper dedication to each company, whether to help improve operational efficiencies, scale general and administrative expenses (G&A), build out sales & marketing, improve customer success, recruit, hire, and retain top talent, identify M&A opportunities, and help with post-acquisition integration, and/or capital markets and exit opportunities.
Sageview’s partners have over 150 years of combined investing and operating experience and have sat on nearly 80 corporate boards across various market cycles. In addition to a history of successfully scaling many businesses, the Sageview team has been the single largest investor in every fund, making up over 20% of its invested capital. This significant commitment aligns the firm’s interests with those of its investors and portfolio companies; Sageview’s success truly depends on the portfolio’s success. Every investment matters.
“At Sageview Capital, we partner with ambitious and innovative entrepreneurs who are seeking a partner to help them drive growth and scale their category-defining businesses. We look for companies in which our 150+ years of investing and operating experience, along with our Global 2000 network connections can have a meaningful impact on value creation. We are actively involved with each investment, and with over 20% of our invested capital coming directly from the Sageview team, our interests are fully aligned with the entrepreneurs we support. We are grateful to our colleagues, investors, and portfolio company executives for helping achieve this recognition.” – Scott Stuart and Ned Gilhuly, Co-Founders and Managing Partners
JMI Equity is a growth equity firm focused on investing in leading software companies. For over three decades, JMI has partnered with exceptional founders, entrepreneurs, and management teams at high-growth software companies to provide flexible capital, industry expertise, and operational support to build businesses of enduring value. To date, JMI has invested in over 185 software businesses in North America and Europe and completed over 120 exits. Today, the Firm’s portfolio of industry-leading cloud software companies represents $9 billion in combined revenue, $75 billion in aggregate enterprise value, and over 37,000 jobs.
“JMI Equity is committed to partnering with high-quality software companies to help them drive sustainable growth and build shareholder value. We are honored to be recognized by GrowthCap as a Top Growth Equity Firm.” – Peter Arrowsmith, Managing General Partner
Turn/River Capital is a lower middle market private equity firm that uses a proprietary growth engineering strategy to drive revenue acceleration and build enduring value. The firm partners with B2B software companies and provides data-driven methods, hands-on operational support and flexible capital to catalyze the next phase of growth. The firm is led by a team of former software founders, operators and investors that have firsthand experience scaling go-to-market and solving its challenges. Founded in 2012 in San Francisco, Turn/River invests globally with a focus in North America and Europe.
Founded in 1988, Ampersand Capital Partners is a middle-market private equity firm dedicated to growth-oriented investments in the healthcare sector with $3 billion of assets under management. Ampersand invests in companies that support the life sciences ecosystem, including laboratory products and services, contract manufacturing, pharma services and specialty pharma. With offices in Boston, MA, and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive long-term performance alongside its portfolio company management teams. The firm specializes in the “picks and shovels” of healthcare, partnering with companies that provide mission-critical tools and services to life sciences innovators developing breakthrough medicines and medical devices.
Ampersand’s core investment sectors are interrelated, and portfolio companies in one sector often interact with participants in adjacent sectors, providing differentiated insights and value-creation opportunities. Ampersand transcends a traditional investment role, leveraging its unique industry expertise to closely collaborate with portfolio company founders and leadership teams on both a scientific and growth strategy level. This fully integrated approach has been the foundation of many success stories, forging both founders and companies into industry leaders.
Updata Partners is a leading growth equity firm based in Washington, DC, investing in high-growth B2B software businesses where the combination of capital and operating experience will accelerate success. The firm is led by seasoned operators averaging more than 25 years of software experience. Updata has partnered with more than 75 entrepreneurs to date, and has raised more than $1.5 billion in committed capital.
“Updata has a long history of partnering with exceptional founders of capital efficient businesses to accelerate growth and build lasting value. Updata is a firm built and run by software executives, and we take great pride in rolling up our sleeves to drive maximum impact. We are honored to be recognized by GrowthCap as a Top Growth Equity Firm.” – Carter Griffin, General Partner
Mainsail Partners is a growth equity firm that invests in bootstrapped B2B software companies to help them realize their full potential. Its team is purpose-built to include experienced investors and software operators who help founders build great teams, develop industry-leading products, design data-driven and scalable infrastructure, and grow market share.
Mainsail’s dedicated Operations Team is comprised of former Heads of Product, Pricing and Sales; VPs of Marketing and Customer Success; CFO, CTO and legal professionals with decades of combined experience inside fast-moving B2B software companies. Mainsail’s hands-on support and best practices are delivered with a collaborative approach that respects founder-led cultures and helps build on each company’s commitment to its people and customers.
With offices in Austin and San Francisco, Mainsail Partners has raised more than $2.2 billion in committed capital and partnered with 100+ companies over the last 20 years.
“For more than 20 years, Mainsail Partners has been a trusted partner to bootstrapped B2B software companies, building relationships founded on mutual respect, shared values, and a deep appreciation for the impact that culture has on growth. With a focus on collaboration and creating lasting value, we work closely with our portfolio companies to help them achieve their full potential while honoring the unique vision of each team. Thank you to GrowthCap for honoring Mainsail as a Top Growth Equity Firm again this year.” – Gavin Turner, Managing Partner
Founded in 2007, Long Ridge Equity Partners is a specialist growth equity firm focused on the financial and business technology sectors. Leveraging deep sector knowledge and an extensive network of industry resources, Long Ridge serves as a value-added partner to high-growth businesses. Since its founding, Long Ridge has sponsored some of the most successful growth companies in the financial and business technology sectors, providing leading management teams with partnership, strategic resources, and capital to drive profitable expansion. The firm manages over $1.75 billion of committed capital.
“Long Ridge is honored to have been selected by GrowthCap as a Top Growth Equity Firm. This recognition is a testament to the exceptional founders and management teams who choose to partner with us in executing their vision. Long Ridge understands the unique challenges and opportunities that emerging leaders face in scaling their businesses, and takes an active, board-level approach to facilitate growth, profitability, and professionalization. We look forward to the continued privilege of supporting world-class companies as they grow and scale.” – Jim Brown, Founder and Managing Partner, and Kevin Bhatt, Managing Partner
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. Alpine’s PeopleFirst strategy includes a talent program that allows Alpine to bring leadership to situations where additional or new management is needed post-transaction. Alpine has over $18B in assets under management and has three offices in San Francisco, New York, and Salt Lake City.
“At Alpine, our mission is to be the best private equity firm of our generation, the best place to work for the exceptional leaders, and a force for good in the world. Our strategy has always been centered around people—because we believe great businesses start with great leaders. Being named one of GrowthCap’s Top Private Equity Firms of 2025 is an honor and a testament to our strategy and our team’s dedication to building enduring businesses. We’re incredibly grateful to our portfolio companies, investors, and employees who have been on this journey with us for the last 24 years.” – Graham Weaver, Founder and CEO
Five Elms Capital is a growth investor in software businesses that users love, providing capital and resources to help companies accelerate growth and further cement their role as industry leaders.
With $2.9 billion in assets under management and a global team of over 75 professionals, Five Elms has invested in more than 70 software platforms globally. The firm’s operational value creation team supports the portfolio, working alongside companies to accelerate growth, build out executive teams, increase customer retention, improve sales & marketing efficiency, upgrade analytical infrastructure, and expand into new markets.
“At Five Elms, we believe great products + great people create great outcomes. We invest in growing software companies, helping them improve operating performance to accelerate growth and de-risk the path to long-term value creation. Thank you to GrowthCap for recognizing Five Elms in this list of great investors.” – Fred Coulson, Founder and CEO
Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, the firm set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent’s in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support.
“It’s an honor to be recognized by GrowthCap as a Top Growth Equity Firm. This acknowledgment reflects the strength of our partnerships with exceptional founders. At Serent Capital, we are fortunate to collaborate with visionary leaders, supporting them in scaling their businesses and achieving their goals. We look forward to continuing these partnerships and driving sustainable growth together.” – Stewart Lynn, Partner
HealthQuest Capital is a private equity firm that provides capital to transformative healthcare companies. HealthQuest Capital focuses on commercial prospects that drive enhanced patient outcomes and elevate the efficiency of healthcare delivery. With approximately $2 billion in capital under management, the firm focuses on fostering innovation across the healthcare spectrum, including medical technologies, diagnostics and tools, digital health, and innovative services. The HealthQuest Capital team combines decades of investing experience with domain expertise in the various aspects of the healthcare industry.
“We are deeply honored to be recognized as a Top Growth Equity Firm in 2024. Our mission is to improve patient outcomes and lower health economics by investing in companies that drive innovation and efficiency in healthcare. We leverage our extensive experience in this complex industry to support our portfolio companies, who are the true innovators working directly with patients and advancing innovations. This award is a testament to their hard work and dedication. We remain committed to partnering with these companies and providing them with the capital and network needed to truly impact the healthcare industry.” – Garheng Kong, Founding Managing Partner
Founded in 1998, Charlesbank Capital Partners is an established private investment firm with ~$22 billion of total assets as of September 30, 2024. Based in Boston and New York, the team has a long history of working together, a deep specialization in the middle market and experience investing over multiple business cycles. The firm employs a consistent, disciplined and research-intensive approach, stemming from its roots with the Harvard endowment, and can leverage 27 years of sector insights and pattern recognition to identify compelling investment opportunities in its target sectors, which include: technology, business & consumer services, healthcare and industrials. Charlesbank seeks out businesses with complexity, hidden value or contrarian elements that might deter other investors, partnering with management to navigate those challenges and guide the companies to faster growth.
Charlesbank’s Technology Opportunities fund focuses on lower middle-market technology investments. The team seeks to back exceptional managers and companies in situations where the team has a distinct edge, based on thematic initiatives and the team’s deep pattern recognition in technology. The Tech Opportunities team is hyperspecialized in six subsectors: cloud computing, cybersecurity, healthcare IT, fintech, infrastructure software and application software. Management teams benefit from their decades of relevant experience, valuable sector expertise and strong emphasis on risk management and value creation. Leveraging Charlesbank’s firmwide platform, the Tech Opportunities team also brings operational resources and deep sector knowledge to help companies accelerate growth, spur innovation and drive significant equity value creation.
“At Charlesbank, we partner with talented founders and management teams to transform companies into market leaders, offering our expertise, resources and capital. Our deep subsector specialization enables us to pursue targeted initiatives, identifying the most promising opportunities to apply our unique, relative-value investment approach. We are pleased to have our dedicated team and differentiated strategy recognized again by GrowthCap.” – Hiren Mankodi, Managing Director & Co-Head of Technology Opportunities
Founded in 2009, Level Equity is a private investment firm focused on providing capital to rapidly growing software and technology-driven businesses. Level provides long term capital across all transaction types in support of continued growth. The firm has raised $3.0 billion in committed capital, has backed over 100 companies since inception, and has offices in New York, NY and Greenwich, CT.
Level invests across the capital structure in rapidly growing, privately held, capital efficient, technology businesses that it identifies proactively. Level mostly sources its own deals by cold calling tens of thousands of companies to create proprietary investment opportunities and leverage its deep technical stack to source and track opportunities. The firm creates attractive transaction prices and structures and provides senior equity and credit securities with enhanced return features that provide strong downside protection.
Level’s Operating Partner team, collectively known as NextLevel Operations, provides value-add strategies that allows it to develop world class management teams, financial sophistication, M&A capabilities, and exit readiness for its portfolio companies.
“We are all really excited to be named a Top Growth Equity Firm by GrowthCap again this year – GrowthCap deeply understands our market, so this is truly flattering. 2024 was another great year at Level as we continued to grow our ability to support exceptional founders running rapid growth, capital-efficient businesses in this dynamic market. Our focus remains on partnering with and helping innovative teams who are transforming their industries with world-class products. Our flexible capital options, tailored operational support, and guidance grounded in years of growth market experience, empower these businesses to achieve exceptional outcomes and enduring success – it’s all we care about.” – Ben Levin, Co-Founder and CEO
Founded in 2004, WestView Capital Partners is a Boston-based growth equity firm focused on partnering with exceptional founders and entrepreneurs to help scale their businesses through innovation, technology, and perseverance. With $2.7 billion across five funds, WestView has invested in over 60companies, specializing in middle-market growth companies across sectors such as business services, IT services, healthcare technology and outsourcing, software, and growth industrials. The firm typically invests between $20 million and $100 million in companies with revenue of at least $10 million and operating profits between $3 million and $25 million.
WestView differentiates itself by being a helpful, yet unintrusive, partner to management. WestView’s approach focuses on helping entrepreneurs navigate the challenges of growth while preserving and building on the strong cultures they’ve developed within their companies. WestView is a trusted partner for high-growth businesses. The firm’s flexibility (approximately half of its investments are minority positions), long-term commitment, and expertise make it a valued partner to entrepreneurs, as evidenced by the continued investment of over 40 founders in WestView’s funds.
“WestView’s goal is to help entrepreneurs who have a deep passion for what they do scale their businesses while preserving the unique cultures they’ve built. We take pride in being a trusted partner, offering flexibility, expertise, and long-term support to help navigate the challenges of growth. We are particularly proud that over 40 of our founders have invested in our funds, which we believe demonstrates the strength of the partnerships and lifelong friendships we’ve built.” – Matt Carroll, Managing Partner
Lead Edge Capital is a $5 billion growth equity firm investing in software, internet, and tech-enabled services businesses globally. The firm has invested in a number of major software and internet companies around the world, including Alibaba Group, Arrive Logistics, Asana, Azul Systems, Bazaarvoice, Benchling, Clearscore, Duo Security, Grafana, GrowthZone, Holistiplan, LeanStaffing, LiveView Technologies, Pacemate, Safesend, Signal Sciences, Tempo, Toast, Wise, and YouSign. Lead Edge has invested in more than 100 companies worldwide and has seen over 60 portfolio companies achieve an exit.
One of the main drivers of Lead Edge’s success is its unique investor base, a group of 700+ executives, entrepreneurs, and dealmakers who have built and run some of the world’s most successful companies. In addition to providing flexible capital, Lead Edge leverages this global advisory group to connect portfolio companies with the customers, partners, talent, and advisors needed to accelerate growth.
Lead Edge Capital was founded in 2011 and has offices in New York City, London and Santa Barbara.
We’ve always believed that true growth equity is more than just capital—it’s about bringing the right expertise, network, and strategic support to help put growth into action. What sets us apart is our unique investor base of 700+ executives, entrepreneurs, and industry leaders who actively engage with our portfolio companies, providing hands-on insights and real-world connections that drive meaningful impact. We take a high-conviction, partnership-driven approach, focusing on investment fundamentals, long-term value creation, and collaboration. Being recognized as one of the Top Growth Equity Firms of the year is a testament to the strength of our model and the incredible founders we have the privilege to work with.” – Mitchell Green, Founder & Managing Partner
Founded by Antonio Gracias, Valor Equity Partners deploys its Operational Growth investment strategy focused on identifying, investing in, and operationally supporting companies transforming their industries. Valor seeks to identify and select high-growth, pro-entropic companies where the transition to a technology-enabled economy is an important accelerant. Valor’s Operational Growth Funds focus on businesses that Valor believes have achieved an inflection point in their ability to scale and are well positioned to achieve their market, revenue, and operating goals while utilizing Valor’s in-house Scale Group to drive value. Valor’s Scale Group is known for its hands-on approach to providing operational support to companies the firm invests in and has been recognized for its work at, among others, Tesla and SpaceX.
“For over 25 years, we have been privileged to partner with visionary founders and innovative companies transforming their industries through disruptive technology and operational excellence. As we now embrace the AI revolution and an era of unmatched productivity, we are more committed than ever to supporting businesses shaping the future of humanity.” – Antonio Gracias Founder, Chief Executive Officer & Chief Investment Officer
PeakSpan Capital is a leading growth equity firm investing exclusively in high-growth business-to-business (or “B2B”) software companies. With $1.6 billion in assets under management (“AUM”) and a team of 16 investment professionals (24 total) across its San Mateo and New York City offices, PeakSpan has supported 53 software businesses and has realized 19 full and partial exits to date.
PeakSpan is committed to its mission of being the partner of choice for best-in-class, emerging growth-stage software entrepreneurs and teams looking to scale sensibly and capitalize on strategic, high-quality market opportunities. Through a highly focused and proprietary data-driven strategy, PeakSpan partners with scale-up software entrepreneurs with the goal of delivering the best risk-adjusted outcomes. PeakSpan leverages its deep domain (spanning 12 BluePrint Market Themes) and stage expertise, proprietary and patented technology platform and consultative approach to drive strategic initiatives, and an on-demand network of over ~350 operating advisors through their PeakSpan Expert Community (“PEC”) program, which provides for superior operational support across key strategic initiatives such as go-to-market, product strategy, organizational model best practices, industry or practitioners perspectives, and more.
“We’re honored to be recognized among GrowthCap’s Top Growth Equity Firms of 2024, alongside an outstanding group of peers whom we greatly respect. Nearly a decade ago, we founded PeakSpan with a clear mission: to be the partner of choice for exceptional emerging growth-stage software entrepreneurs and teams. This recognition is a testament to the dedication of our team, whose relentless pursuit of this mission continues to drive us forward. Most importantly, we’re deeply grateful to our incredible stakeholders for their trust and partnership—it’s their support that makes our work possible.” – Philip Dur, Co-Founder and Managing Partner
Founded in 1988, Charlotte-based Pamlico Capital seeks growth and buyout investments of up to $200 million alongside founders and proven leaders across five target sectors: communications, healthcare IT, information services, software and tech-enabled services. The firm closed its most recent fund in 2020 at the hard cap of $1.4 billion.
Over the past 35+ years, Pamlico has invested almost $5 billion in over 130 platform acquisitions and has built a reputation of being a founder-friendly, long-term focused investor that prioritizes partnership with its management teams. The firm takes a comprehensive and collaborative approach with each of its portfolio companies, helping with initiatives like strategic planning, portfolio best practice sharing, go-to-market strategy, human capital and M&A advisory. Pamlico’s culture is rooted in a people-first mentality, which has contributed to its longstanding team and ~20-year average partner tenure.
“We believe that management teams build companies, not investors, and that every business is unique. This mindset allows Pamlico to stay focused on what our job is: collaborating and aligning on a vision, then supporting our companies with the resources and strategic guidance to grow. It’s an honor to be recognized by GrowthCap for the partnerships we’ve built and success we have created together with our executives.” – Walker Simmons, Partner
Volition Capital is a Boston-based growth equity firm that principally invests in high-growth, founder-owned companies across the software, internet, and consumer sectors. Founded in 2010, Volition has over $1.7 billion in assets under management and has invested in and/or provided sub-advisory advice to more than 40 companies in the United States and Canada. The firm selectively partners with founders to help them achieve their fullest aspirations for their businesses.
“As Volition Capital celebrates our 15-year anniversary, being named a Top Growth Equity Firm of 2024 is a meaningful milestone. We’re committed to supporting founders as more than just investors—we’re dedicated partners, helping founders scale efficiently while maintaining control and preserving equity. In today’s evolving market, strategic growth paired with financial discipline is key to long-term success, and we are honored to partner with founders who share this vision.” – Sean Cantwell, Managing Partner
Centana Growth Partners is a specialized growth equity firm with deep, relevant sector expertise in financial services, fintech, and related enterprise software. Each partner brings decades of experience across these industries, enabling them to bring valuable insights and an informed approach to their investments.
With investments ranging from $10 million to $50 million or more, every partnership is tailored to meet the unique goals of each company. By maintaining a focused size of investment, Centana is positioned to provide each portfolio company with the dedicated attention, strategic guidance, and hands-on support needed to thrive.
“As we enter our eleventh year as a firm, Centana remains committed to our mission of investing in companies helping shape the future of financial services. With the launch of our third fund in 2024, our strategy remains rooted in the core principles that have guided us from the start—partnering with exceptional founders, leveraging our strategic network, and providing tailored support to help businesses scale. Our team blends decades of experience with fresh perspectives, and we remain focused on helping our portfolio companies navigate a dynamic and exciting market landscape. We are honored by the recognition from GrowthCap and grateful to be listed alongside our highly-regarded peers.” – Ben Cukier, Co-Founder and Partner
One Peak is a leading growth equity firm investing in high-growth software scale-ups. With approximately $2 billion in assets under management, One Peak brings a track record of success helping founders realize ambitious goals from global expansion to exit. Over the past decade, One Peak has partnered with innovative entrepreneurs behind some of the fastest growing software companies. Select investments include Akur8, Ardoq, Coro, Cymulate, Deepki, Docplanner, Keepit, Lucca, Neo4j, PandaDoc, Spryker, and many more.
What differentiates One Peak is its people and technology platform, engineered to take entrepreneurs to the next level of growth. One Peak’s investment team and value creation team of former C-level executives at top software companies work alongside founders in the areas of talent, sales, marketing, product, and strategy, across the growth journey.
One Peak founders also benefit from access to Pulse, One Peak’s proprietary market intelligence engine monitoring billions of private tech market data points. Pulse empowers entrepreneurs with unique access to relevant talent, attractive M&A opportunities, and unparalleled market intelligence.
“Over the past decade, we’ve had the privilege of partnering with visionary founders and exceptional teams who are redefining industries. We’re proud to be recognized as a top growth equity firm and look forward to continuing to support the next generation of category-defining companies.” – Humbert de Liedekerke Beaufort and David Klein, Co-Founders and Managing Partners
Founded in 2006, Susquehanna Growth Equity (SGE) is an entrepreneur-centric growth equity fund that is backed by a unique and patient source of capital which enables the firm to give management teams and entrepreneurs freedom and flexibility to maximize growth. With over 67 active portfolio companies, SGE is exclusively focused on growth-stage software, information services, and business services companies across North America, Europe, and Israel. Utilizing a non-traditional fund structure, SGE makes both minority and controlling investments in an array of market verticals and often holds companies for many years longer than traditional funds. Since inception, SGE has invested over $4.6 billion in 105 market-leading technology and services companies. It has over 45 employees including a value creation team focused on operations and talent, as well as a tenured and experienced investment team.
“Being recognized as a Top Growth Equity Firm by GrowthCap is a testament to Susquehanna Growth Equity’s unique focus on seeking talented and bootstrapped entrepreneurs who have built promising companies. It has been a great honor working alongside the dedicated SGE investment team, and I look forward to continuing to support the many passionate, results-driven business founders with the operational flexibility and financial resources they need to successfully grow their businesses.” – Amir Goldman, Founder
NewSpring is a lower-middle market focused private equity firm that partners 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 $3.5 billion across five distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having completed nearly 300 investments, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond.
Partnering with management teams to help 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. This year, the firm celebrated its 25-year anniversary. This milestone is a testament to the durability of the lower-middle market combined with the firm’s consistent, thesis-driven, strategy-based investment approach that empowers lower-middle-market businesses to reach new levels of growth.
“We are incredibly honored to once again be recognized as one of GrowthCap’s Top Growth Equity Firms of 2024. This accolade is a strong reflection of the collaborative partnerships we build with founders and CEOs in the lower-middle market as they navigate a critical inflection point in their growth. Our team is dedicated to helping high-growth companies scale efficiently. We work hand-in-hand with leadership teams to create lasting value and drive transformative outcomes. I want to extend my gratitude to GrowthCap for this recognition, and I look forward to continuing our mission of empowering companies to reach their full potential.” – Marc Lederman, Co-Founder and General Partner
Optum Ventures is the independent venture fund of UnitedHealth Group. Optum Ventures invests in digital health companies that use data and insights to help improve consumers’ access to healthcare services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate.
“Optum Ventures was created to develop a comprehensive and strategic presence in the startup landscape in anticipation of increased healthcare innovation at this stage. In this role, we are fortunate to work with passionate innovators across the healthcare ecosystem—from large market players to early-stage startups—all working towards making the healthcare system more affordable, accessible, efficient, and equitable for all. Cross-industry partnerships have the power to move innovation forward and through this lens, I am incredibly proud of OV’s progress to date and even more excited for what the next ten years will bring.” – Laura Veroneau, Managing Partner
Guidepost Growth Equity (“Guidepost”) is a leading growth equity firm based in Boston that manages ~$2.0 billion of capital commitments across four funds. Guidepost partners with entrepreneur-led technology businesses, focusing on application software and data services and infrastructure software and tech-enabled services. Guidepost invests between $20-60 million of equity as a minority or majority partner and provides the flexible capital, operational support, and strategic guidance necessary to enhance the continued growth of its companies.
Guidepost provides portfolio company operational support through its Value Creation Group (“VCG”) which is focused on five critical areas for growth stage companies: Product & Technology, Strategic HR, Sales & Marketing, Generative AI and Strategy & Operational Finance. Guidepost has developed best practices, maturity models and an operating advisor network available to its investment partnerships across these functional areas. The firm is exclusively focused on partnering with entrepreneur-led companies utilizing technology to transform dynamic markets. As a trusted partner to its companies, Guidepost works closely with these entrepreneurs to build strong independent Boards of Directors, augment management teams for scalable functional capabilities, evaluate strategic options, and provide critical operational and financial support.
“We at Guidepost focus on partnering with bootstrapped, entrepreneur-led enterprise software and technology-enabled businesses demonstrating significant organic, profitable growth and typically $10-$40 million of revenue scale. We build trusted minority or slight majority partnerships with our management teams through impactful strategic, financial, and operational assistance entirely at this stage of growth. The expertise of our Value Creation Group (“VCG”) is a key differentiator in this part of the market, where Guidepost’s relationships with executives in our core industry groups provides crucial functional assistance in the areas that are often underdeveloped for growth stage companies and that are required to build to $100M+ of revenue scale.” – Gene Nogi, Partner
RC Capital (“RCC”) is a growth equity firm building high-potential healthcare companies by leveraging the unique interplay of its segments of focus: medical device, healthcare services and healthcare IT. The firm is dedicated to investing on the right side of healthcare, partnering with companies to empower sustainable change. RCC seeks to be a business partner first and a capital provider second, investing significant human capital to leverage its domain expertise, a network of healthcare thought leaders and deep relationships with health systems assembled over its 30-year history.
Leveraging RCC’s deep expertise in healthcare and technology, it adds value to innovative healthcare service platforms, building provider, payer and pharma services in emerging segments. The firm’s goal is to drive operational excellence, foster sustainable growth and deliver impactful healthcare solutions that result in meaningful improvements in patient care. Additionally, RCC partners to build high-growth, high-margin medical technology companies that align strategically with Fortune 2000 medical device leaders. The firm’s investments emphasize solutions that enhance clinical outcomes while improving cost efficiency for both patients and providers.
“At RCC, we are dedicated to investing on the right side of healthcare, building platforms that improve outcomes, increase access and lower costs. Given the need to remedy the inefficiencies and shortcomings of US healthcare and manage the macro trends of chronic disease in an increasingly aging nation, this massive sector is ripe with opportunity for transformation. Over the last 30 years and seven funds, we are honored to have the opportunity to build strong platforms with talented partners and to deliver premium value to our loyal base of limited partners.” – Dan Fleming, Managing Partner
Founded in 2014, Strattam Capital is a private equity firm focused on scaling founder-led, technology-driven businesses. With a hands-on, collaborative approach, Strattam partners with companies to drive operational improvements, accelerate growth, and enhance strategic execution. The firm targets investments in enterprise software, digital infrastructure, and technology-enabled services, working closely with management teams to implement industry best practices and unlock value.
Strattam differentiates itself through its Five-Point Plan, a structured, transparent process that fosters alignment between investors and leadership teams from day one. By leveraging deep sector expertise and a strong network of industry professionals, Strattam helps businesses refine their go-to-market strategies, optimize operations, and execute transformational initiatives.
With offices in Austin and San Francisco, Strattam Capital has over $1 billion in assets under management and has completed transactions with more than 50 founder-led companies across 16 platforms. Strattam’s commitment to partnership, innovation, and sustainable growth ensures that portfolio companies achieve long-term success while preserving the entrepreneurial spirit that makes them unique.
“We’re honored that GrowthCap has recognized Strattam as a Top Growth Equity Firm. Our transparent investment process and Five-Point Plan approach aligns all teams before signing, and we are grateful to the founders who have selected to work with Strattam for their trust and support as they grow their business.” – Robert Morse, Managing Director and Co-Founder
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Copyright: The Top Growth Equity Firms of 2024 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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