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Prof. Oliver Gottschalg publishes the Spring 2011 HEC-Dow Jones Private Equity Fitness Ranking

19 May 2011

HEC Paris Professor Oliver Gottschalg has just published another landmark ranking for the Private Equity sector, drawing on a long-running academic study into the industry’s performance drivers.

The HEC-Dow Jones Private Equity Fitness RankingTM lists the Top 20 PE firms in terms of their competitive fitness, specifically, their expected ability to yield a superior performance over the next 5-10 years. With this ranking, Professor Gottschalg answers the question: “Which firms are best positioned to generate strong long-term performance in the future?”

Private equity is notorious for being opaque and access to any data continues to prove difficult. In particular, little is known about the most important performance drivers of the industry and the competitive positioning of the key private equity firms.

In November 2009, HEC Paris and Dow Jones partnered to publish two complimentary and groundbreaking Private Equity Performance rankings: every winter, the HEC - Dow Jones Private Equity Performance RankingTM that uses an innovative aggregated measure of past performance to identify and rank the top GPs worldwide and every spring, the HEC - Dow Jones Private Equity Fitness RankingTM.

Now Oliver Gottschalg presents the new edition of the Private Equity Fitness RankingTM (spring 2011), which ranks the world’s leading PE firms in terms of their “competitive fitness”.

It evaluates each firm’s competitive positioning based on 10 different empirically validated criteria and then derives an overall future competitiveness score based on the historic link between firm performance and each of these criteria. Collectively, these criteria capture some of the most relevant drivers of value creation, including scale, quality of deal flow, ability to time debt and equity markets, and strategic positioning.

“As Private Equity re-emerges after the crisis, the new Fitness Ranking reflects which firms have been able to weather the storm with a competitive positioning that allows them to likely take advantage of the post-crisis opportunities”, says Professor Gottschalg.

The HEC - Dow Jones Private Equity Fitness Ranking 2011TM

Oliver Gottschalg is associate professor of strategy and business policy at HEC Paris. He serves as academic co-director of the TRIUM Global Executive MBA, coordinator of the Entrepreneurship Track in the HEC MBA program and director of the HEC Buyout Research Program.

Oliver Gottschalg teaches courses on strategy, entrepreneurship, business plan design and management buyouts. His current research focuses on the strategic logic and the performance determinants of private equity investments.

About HEC Paris
A leader in Europe, HEC Paris specializes in management education and research.

HEC Paris offers a full, unique range of courses to the leaders of tomorrow: Masters Degrees, MBA, PhD, Executive MBA and Trium Global Executive MBA.

Founded in 1881, HEC Paris has a permanent faculty of 109 professors, 4000 students on its campus (40% of whom are international) and over 8000 managers and executives trained in executive education programs each year. HEC Paris has been ranked #1 Business School in Europe by the Financial Times for the past five years.www.hec.edu


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