Key Capital Partners recognised as a World Leading Investor for third consecutive year

Private Equity house, Key Capital Partners (Key Capital) are proud to have been ranked for the third consecutive year in the world’s top performing small-cap private equity firms in the 2023 HEC Paris-Dow Jones Small-Cap Buyout Performance review.

April 12, 2024

Their position in the global ranking is 15th, and third compared to those firms based in the UK.  HEC Paris and Dow Jones established the small-cap buyout PE firm ranking in 2021 having focused on large buyout firms for the last decade. Professor Oliver Gottschalg of HEC Paris wanted to answer the question of “which firms in the small-cap segment generated the best performance for their investors, over the past years?” and enlisted the assistance of Preqin, a market data platform, to help answer the question.

The rankings are based on the aggregate performance of a private equity firm, based on a range of performance measures applied to all of the qualifying funds managed by the respective firm. The method is able to aggregate performance across vintage years, and considers both relative and absolute returns. In total, HEC Paris analysed performance data from 632 private equity firms and the 1,241 funds they raised between 2010 and 2019, with an aggregate equity volume of $2.18tn.

“The very smallest seem to find it easier to make it to the very top”

Gottschalg also noted that investors raising smaller-than-average- pools of capital dominated the top positions in the rankings, with all of the top 15 positions taken by Funds with capital of less than the sample average of $750m. In comparison to HEC’s similar studies of mid-market and large-cap market segments, Gottschalg commented that US players are less dominant in the small-cap segment with seven European firms ranking in the top 20 places.

“We are delighted to have been recognised yet again as a leading small-cap private equity firm and retain our ‘top-15 place’ in the 2023 HEC Paris-Dow Jones Small-Cap Buyout Performance Ranking.

James continues, “We’d like to thank all those people that have contributed to this success and continued to support us, including our investors, the management teams that we’ve had the pleasure of working with and my colleagues at Key Capital. We’d also like to congratulate all of the other top performers as well as extending our thanks to Oliver Gottschalg for continuing to shine a light on the smaller buyout market.”

We agree with Private Equity News’ conclusion, “Big is good, but small is better”!

To read more about the review, click the link Revealed: The top 20 global small-cap private equity firms – Private Equity News (