Parthenon Capital Amasses $4.5B for Its Seventh Fund

Parthenon Capital, a growth-oriented private equity firm with offices in Boston, San Francisco and Austin, has held the first and final closing of Parthenon Investors VII with more than $4.5 billion in commitments, easily eclipsing its initial target of $3.5 billion.

Parthenon invests in middle market companies with enterprise values of $75 million to $750 million in three core sectors – financial, healthcare and business services. The fund received significant support from existing LPs as well as several new investors.

“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,” said Brian Golson, managing partner and co-chief executive officer.

Ropes & Gray LLP was counsel to Parthenon Fund VII, while Kirkland & Ellis represented Parthenon Capital for all management company documentation. Parthenon did not use a placement agent in the fundraising.