Parthenon Capital amasses $4.5bn for seventh fund

No placement agent was used.

  • Ropes & Gray LLP served as counsel to Parthenon Fund VII
  • Based in Boston, San Francisco and Austin, Parthenon invests in the middle market
  • The private equity firm targets financial and insurance services, healthcare and business services

Parthenon Capital has closed its seventh fund at $4.5 billion, beating its target of $3.5 billion.

“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-CEO of Parthenon, in a statement. “We feel well positioned for the opportunities ahead.”

Ropes & Gray LLP served as counsel to Parthenon Fund VII, while Kirkland & Ellis represented Parthenon Capital for all management company documentation. No placement agent was used.

Based in Boston, San Francisco and Austin, Parthenon invests in the middle market. The private equity firm targets financial and insurance services, healthcare and business services.