Spectrum Equity purchased a majority stake in Wasatch Venture Fund’s portfolio company The Generations Network (previously known as MyFamily.com) for an investment of $300m. The Utah-based Generations Network is comprised of Ancestry.com, Rootsweb, and MyFamily.com that, according to Hitwise, rank as the second, third and fourth largest U.S. “family lifestyle” sites. The Generation Network has more than 900,000 paying subscribers, receives 8.2m monthly visitors worldwide and counts approximately 2.5 million active site users.