Percheron Capital—a private equity firm focused on partnering with essential services businesses—announced the closing of its second fund, Percheron Capital Fund II, with $1.55 billion in total commitments. Fund II was oversubscribed and closed at the hard cap, with commitments from a diverse group of investors. In September 2021, Percheron’s previous fund closed at its $770 million hard cap.
Through Fund II, Percheron will continue its focused strategy of identifying, acquiring, and essential services businesses in North America. And the firm targets businesses with superior operating models across resilient and fragmented markets.
Percheron deploys its systematic operational process and functionally designed support model to drive transformational growth at its portfolio companies.
Kirkland & Ellis LLP served as the fund counsel to Percheron.
KEY QUOTES:
“We are grateful for the resounding support from our returning and new limited partners. This milestone is a testament to our differentiated approach of identifying strong essential services businesses and propelling their accelerated growth.”
– Chris Collins, Co-Founder and Managing Partner at Percheron
“The significant interest in Fund II reflects the quality of our team, strategy, and outcomes. We deeply appreciate the trust placed in us by our investors and are committed to delivering exceptional results.”
– Chris Lawler, Co-Founder and Managing Partner at Percheron
