Diversis Capital Management (Diversis), a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organisations, has announced the completion of Diversis Capital Partners II (the “Fund”), with $675 million of total commitments three months after formal launch.
The oversubscribed fund includes a broad group of global investors and surpassed its target of $500 million, as well as exceeded its inaugural fund raise of $255 million raised in 2019.
Diversis Co-Founder and Managing Partner, Kevin Ma, says: “As we have built Diversis over the past eight years, we have focused predominantly on investing in software and technology-enabled servicescompanies to drive innovation and growth. We partner with management teams to build, scale and extend market leadership which has, in some cases, led to the doubling or tripling of revenues at our portfolio companies organically. We are excited to continue to execute on our strategy with this latest fund. We are fortunate to have a strong, dynamic and growing team of investment professionals, operating advisors, and portfolio company management teams who are integral to our success. Our entire team is grateful and proud that we were able to exceed our target and complete our fund-raise in a relatively short period of time and we want to thank our new and existing limited partners for their support and vote of confidence.”
