Parthenon Capital has held a first and final closing of Parthenon Investors VI LP, with more than $2 billion in commitments. The original target for the new fund was $1.5 billion.
“We appreciate the rapid and significant support we received from existing limited partners and welcome an outstanding group of new investors to the Parthenon family,” said Brian Golson, managing partner and co-chief executive officer.
Parthenon invests in companies with enterprise values of $35 million to $500 million that are active in healthcare services, financial services, and business services. The firm was founded in 1998 and has offices in Boston, San Francisco, and Austin.
“We continue to be excited by the opportunity to build franchise companies in our target sectors and look forward to growing our firm and deploying our strategy in the coming years,” said Dave Ament, managing partner and co-chief executive officer.
Ropes & Gray provided legal services to Parthenon Fund VI LP and Kirkland & Ellis provided legal services to Parthenon Capital.
Parthenon Capital did not use a placement agent for this fundraising.
© 2019 Private Equity Professional | December 10, 2019
