- Parthenon Capital announced it has closed over $4.5 billion in commitments for the Investors VII fund.
Parthenon Capital – a leading private equity firm with offices in Boston, San Francisco, and Austin – announced its affiliate Parthenon Investors VII held its first and final closing with over $4.5 billion in commitments. And Parthenon Fund VII exceeded its initial fund target of $3.5 billion.
Ropes & Gray LLP was counsel to Parthenon Fund VII while Kirkland & Ellis represented Parthenon Capital for all management company documentation. And Parthenon did not use a placement agent in the fundraising.
Parthenon utilizes niche industry experience and a deep execution team to invest in growth companies in the service and technology industries. And Parthenon seeks to be an active and aligned partner to management either through recapitalization transactions or by backing new executives. Plus Parthenon has particular expertise in financial and insurance services, healthcare, and business services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how.
KEY QUOTES:
“We appreciate the swift, significant support we received from existing limited partners and are excited to welcome an outstanding group of new investors to the Parthenon family. We feel well positioned for the opportunities ahead.”
— Brian Golson, managing partner and co-chief executive officer
“We remain excited by the many opportunities to build franchise companies in our target sectors and look forward to deploying our strategy and enhancing our capabilities as a firm in the coming years.”
— Dave Ament, managing partner and co-chief executive officer
