Spectrum Named #3 Performer on HEC Paris-DowJones 2024 List

HEC Paris-DowJones
Spectrum HEC Paris

The HEC Paris Business School has released the 2023 HEC Paris-Dow Jones Growth Capital Performance Ranking, listing Spectrum Equity as their #3 firm for the second year in a row.

This performance-driven award reflects the firm's distinctive returns over many cycles. Rankings are based on an analysis of performance between 2010 and 2019, comparing 279 funds from 106 growth capital firms.

For 14 years, HEC has analyzed the performance of buyout-focused private equity funds producing a highly respected annual ranking of top-performing funds. Beginning in 2023, HEC Paris Professor Oliver Gottschalg has specifically analyzed the performance of growth capital firms, listing Spectrum as #3 in both 2023 and 2024.

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

Disclaimer: Recognition presented herein is from third parties that are not affiliated with Spectrum Equity, and these third parties independently assess firms' 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 and such ranking are not a guarantee of future results. There is no guarantee that other rankings would reach the same conclusions. An award may not be representative of a particular investor's return.

About Spectrum Equity

Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. Since 1994, the firm has partnered with proven entrepreneurs and management teams to build long-term value in market-leading internet-enabled software and data services companies. Representative investments include Ancestry, Bats Global Markets, Definitive Healthcare, GoodRx, Grubhub, Lucid Software,, SurveyMonkey and Verafin. For more information, including a complete list of portfolio investments, visit

The specific companies identified above do not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable. View the complete list of our portfolio companies. Spectrum is not responsible for the contents of any third party website linked above, and has not confirmed the accuracy of any information provided therein.