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4 managers in the Altaroc vintages top the AGC Partners Tech 2023 rankings

Published on
9/2/2024
Amended on
28/3/2024
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AGC publishes its annual technology Private Equity rankings: Hg and TA Associates top the list, with Insight Partners in 12th place. Hg stands out for its support of leading technology companies. In 2023, over 1,200 transactions were completed by growth firms. Find out more about the full ranking. Investing involves risk.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

AGC is the only company in the world to unveil an annual survey focused exclusively on technology Private Equity, as opposed to the world of Private Equity as a whole.

Hg (Altaroc Odyssey 2022) and TA Associates (Altaroc Odyssey 2023) occupy the top two places, with Hg retaining the top position as in 2022. AKKR (Altaroc Odyssey 2022) and Main (Altaroc odyssey 2023) rank 3rd and 4th respectively.

Insight Partners (Altaroc Odyssey 2021) comes 12th, CVC (Altaroc Odyssey 2023) 17th, STG (Altaroc Odyssey 2022) 18th and General Atlantic (Altaroc Odyssey 2021) 37th.

AGC based its analysis on the 1,500 technology Private Equity transactions that took place in 2023.

HG

At the top of the ranking, Hg supports the creation of industry-leading companies, providing enterprises with mission-critical software applications or workflow services, creating a more automated working environment for their customers.

This industry is characterized by digitization trends in the early stages of adoption, destined to transform the professional workplace in the decades to come. Hg 's support combines in-depth end-market knowledge with world-class operational resources, offering compelling support to entrepreneurial leaders looking to grow their businesses - businesses that are well-invested, sustainable and customer-focused.

With an extensive European network and a strong presence in North America, Hg 's 400 employees and $65 billion under management support a portfolio of more than 50 companies, worth over $135 billion, employing over 100,000 people, with consistent revenue growth of over 20% per year.

The technology transaction market in 2023

There are now more than 300 technology growth/buyout firms managing over $1.5 trillion in technology assets under management, with funds ranging in size from $100 million to $22 billion. These highly sophisticated management teams, present worldwide from Boston to Australia, are intensively seeking growth stories and exceptional management teams to accompany them in accelerating value creation. .

By 2023, 80% of all Private Equity acquisitions - some 1,200 transactions - will be made through the portfolio companies of these managers. With over $300 billion in uninvested capital and more than 5,000 companies in their portfolios, Private Equity's influence will only grow.

Click here for the full ranking :‍

https://images.agcpartners.com/uploads/2023/12/AGC+2023+Tech+PE+Year-End+Report.pdf

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Advertising communication. Please refer to the AIF prospectus and key investor information documents before making any final investment decision. Private Equity involves a risk of capital loss and a liquidity risk. Past performance is no guarantee of future results.

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