Spectrum Equity Ranks #5 on 2025 HEC Paris-Dow Jones Growth Capital Performance Ranking

**Boston, San Francisco, and London, July 13th, 2026 **- Spectrum Equity has been named the #5 top-performing growth equity firm on the 2025 HEC Paris-Dow Jones Growth Capital Performance Ranking, placing the firm in the top 3% of the 183 growth capital firms evaluated worldwide. The ranking, published in July 2026, measures aggregate net fund performance across all core strategy funds raised between 2012 and 2021.

This is Spectrum’s fourth consecutive top-five placement, following top-five rankings in 2022, 2023, and 2024.

The HEC Paris-Dow Jones ranking is based on a quantitative analysis, led by Professor Oliver Gottschalg of HEC Paris. Professor Gottschalg evaluated performance data from 183 growth capital firms and the 440 funds they raised between 2012 and 2021, representing $351 billion in aggregate equity. Each firm’s score aggregates six measures of net fund performance, including IRR, DPI, and TVPI on both an absolute and benchmark-relative basis, weighted across vintage years.

For further detail on the ranking, including the study’s methodology, please see the complete performance ranking here.

Recognition presented herein is from third parties that are not affiliated with Spectrum Equity, and these third parties independently assess submitted performance based on multiple criteria. Spectrum Equity did not provide cash or non-cash compensation, directly or indirectly, in connection with obtaining or distributing this ranking. Past performance is not a guarantee of future results, and the ranking should not be viewed as a guarantee of any future investment outcome. An award may not be representative of a particular investor’s return.The 2025 HEC Paris-Dow Jones rankings were issued on July 7, 2026, based on data gathered as of May 2025, and reflects aggregate net performance of core strategy funds raised between 2012 to 2021. Spectrum Equity’s 2024 ranking was issued on May 12, 2025 covering core strategy funds raised between 2011 and 2020; the 2023 ranking was issued on May 9, 2024, covering core strategy funds raised between 2010 to 2019; and the 2022 ranking was issued on Mayu 22, 2023 covering core strategy funds raised between 2009 and 2018.