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    Home»Fundraising»Parthenon Capital closes Fund VII at $4.5bn
    Fundraising

    Parthenon Capital closes Fund VII at $4.5bn

    April 3, 2023Updated:April 3, 20231 Min Read
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    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, significantly in excess of its initial $3.5 billion target.

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

    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.

    Read More: Private Equity Wire

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