Percheron Capital (Percheron), a private equity firm focused on essential services, has closed its third fund, Percheron Capital Fund III (Fund III), with approximately $3.1bn in total commitments.
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. Percheron has over $7.5bn in assets under management.
Percheron’s mission is to build category-defining essential services businesses. The firm’s purpose-built operating model combines high-velocity M&A with an in-house AI engineering capability – Percheron AI Ops – to develop and deploy proprietary, production-grade systems alongside frontline employees to unlock the full potential of service providers, improve customer outcomes, accelerate growth and enhance long-term value.
Evercore served as advisor on the fundraise and Kirkland & Ellis LLP served as fund counsel to Percheron.
