Percheron Capital announced the close of Percheron Capital Fund III with approximately $3.1 billion in total commitments, reaching its hard cap following an oversubscribed fundraising process.
The fund attracted strong backing from existing investors as well as new commitments from a diverse global group of institutional limited partners. With this latest fundraise, Percheron now manages more than $7.5 billion in assets under management.
Percheron focuses on building category-defining companies in essential services sectors, targeting businesses that provide critical infrastructure and everyday services. The firm combines a high-velocity mergers and acquisitions strategy with its in-house AI engineering platform, Percheron AI Ops, which is designed to deploy proprietary systems alongside frontline operations to enhance efficiency, improve customer outcomes, and drive long-term growth.
The new fund will support continued investment in scalable service-based businesses, leveraging both operational expertise and technology integration to accelerate value creation.
Evercore served as advisor on the fundraise, and Kirkland & Ellis LLP acted as fund counsel to Percheron Capital.
KEY QUOTE:
“Fund III was significantly oversubscribed and closed at its hard cap, with strong support from existing investors and new commitments from a diverse, global group of institutions.”
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