WAYNE, PA – Renovus Capital Partners (“Renovus”), a Philadelphia-area buyout firm focused on businesses in the Knowledge & Talent industries, has been recognized for the fourth consecutive year (2022, 2023, 2024, 2025) as the top performer on the HEC-Dow Jones Small-Cap Private Equity Performance Ranking. Renovus achieved the highest performance score among the 695 private equity firms analyzed in the 2025 study.
Now in its fifth year, the HEC-Dow Jones ranking is based on a quantitative performance analysis of the world’s top private equity firms over a 10-year period. HEC analyzed comprehensive performance data from 695 private equity firms and the 1,439 funds they raised between 2012 and 2021 with aggregate equity volume of $2.5Tn.
“To be recognized as the top small-cap private equity fund for the fourth year in a row is a tremendous honor,” said Atif Gilani, Founding Partner of Renovus. “This achievement reflects the exceptional work of our team and the outstanding leadership of our portfolio companies. We are deeply proud of what we have built together.”
Founding Partner Jesse Serventi added, “We are grateful for the trust our investors have placed in us. Our success is a function of intentionally staying focused on the lower middle market and building a deep, talented team. We believe our best chapters are still ahead, and we look forward to continuing to deliver for our investors and partners.”
About the Study
This ranking is the opinion of the party conferring the ranking and not of Renovus. The 2025 HEC-Dow Jones Private Equity Performance Ranking was based on funds raised between 2012 and 2021. Rankings based on data compiled from Preqin or sourced from PE firms using a proprietary methodology that calculates aggregate performance of a PE firm across vintage years and considers relative and absolute returns. Renovus Capital Partners did not provide any compensation to HEC Paris-Dow Jones to be included in the study. There can be no assurance that other providers or surveys would reach the same conclusion as the foregoing. Past performance and prior rankings are not indicative of future results. This piece contains forward-looking statements based on Renovus’ current expectations and assumptions, which are subject to risks and uncertainties that could cause actual results to differ materially.