Middle market private equity firm Parthenon Capital Partners has held the final closing of Parthenon Investors IV (PCP IV) with USD700 million in commitments. PCP IV exceeded its initial fund target of USD600 million and hit its “hard cap” of USD700 million.
“We appreciate the support we received from our existing limited partners and are also excited about the relationships we’ve developed with an outstanding group of new investors,” says Brian Golson (pictured), Managing Partner and San Francisco Office Head.
“We’re pleased that investors recognised our differentiated strategy, significant focus on proactive research, and strong track record,” says David Ament, Managing Partner and Boston Office Head.
William Kessinger, Parthenon Capital Partners’ Chief Investment Officer, says: “We’re thrilled to have the fundraise complete and to be able to get back to doing what we enjoy most – working with exciting growth companies in financial services, healthcare and business services.”
Ropes & Gray LLP was counsel to PCP Fund IV, while Kirkland & Ellis represented Parthenon Capital Partners for all management company documentation.
