Top 50 Private Equity Innovator Awards | 2022

PE Firms

We are pleased to announce the inaugural 2022 Top 50 Private Equity Innovator Awards, an award recognizing firms that represent the top 1% in the private equity industry as determined by BluWave for their innovative practices in:*

  • Proactive Due Diligence Practices
  • Transformative Value Creation
  • Progressive Private Equity Firm Operations
  • ESG

The BluWave Top 50 Private Equity Innovator Award recipients were selected based upon a rigorous assessment in consultation with leading limited partners, investment bankers and other thought leaders in the private equity ecosystem. Partnering with more than 500 leading private equity firms, we have a unique perspective that enables us to understand best practices and innovation in the private equity industry.

“Private equity is a driving force in the economy, supporting the growth and development of virtually every type of business and providing more than 11 million jobs in America,” says Sean Mooney, Founder and CEO, BluWave. “We congratulate these top 50 private equity firms that are taking uniquely innovative approaches to building businesses and creating sustainable value for a wide range of stakeholders.”

BluWave also recognizes Lexington, Kentucky headquartered MiddleGround Capital with the Innovator of the Year Award due to the company’s achievements across due diligence, value creation, PE firm operations, and ESG. MiddleGround makes control equity investments in B2B industrial and specialty distribution businesses. The firm was founded by John Stewart, Lauren Mulholland, and Scot Duncan in 2018. MiddleGround partners with small and mid-sized businesses, providing extensive operational resources to help them build and grow. The firm is a signatory to the United Nations-supported Principles for Responsible Investment, which provides a framework for investing responsibly and integrating ESG practices into investment practices.

You can discover further information on the BluWave 2022 Top 50 Private Equity Innovator Awards, including the selection process, selection criteria, and recipients, here.


*BluWave, LP has not received investment capital from and holds no ownership interest in the PE firms evaluated or recognized under the Top 50 PE Innovator awards program. BluWave received no compensation from any of the PE firms in connection with this awards program. However, BluWave may otherwise provide services to the PE firms and/or portfolio companies, but BluWave confirms that its assessment of the PE firms was independent of any such service arrangements. Top 1% in the PE industry is based on BluWave’s review of the more than 5,000 PE firms in the U.S. and Canada from which 50 PE firms were selected as award recipients.


Dive blog