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Parthenon Capital ("Parthenon") is investing Fund VII, a $4.6 billion pool of capital, and targeting equity investments in the $100 million to $600 million range. We seek growth opportunities in our core sectors of financial services, healthcare solutions and business/tech services ("Core Sectors"). We favor dynamic subsectors, consolidation opportunities, corporate carve-outs or other opportunities with complexity and/or potential to accelerate growth. We often partner with management teams to develop market leaders in emerging subsectors and niches. We have significant resources to help build-out company infrastructure, automation, go-to-market and product/tech development. Investment theses often involve information or knowledge-based businesses, first mover advantages, regulatory complexity and/or product/tech capabilities to displace incumbents. With familiarity and experience in our industries combined with our company-building mindset, we are long-term investors that prioritize substantial and durable value-creation.
Recent highlights include:
- Parthenon named RCP Advisors' 2024 Manager of the Year
- New platform Medical Review Institute of America ("MRIoA"), leading provider of outsourced utilization management and clinical review solutions for healthcare payors
- 28 add-on acquisitions at 9 portfolio companies
- 3 major liquidity events including sale of Institutional Cash Distributors ("ICD") to Tradeweb Markets (Nasdaq: TW)
- $9.7 billion of debt issuance at 13 companies, comprised of new financings, upsizings, refinancings and A&Es
- 18 new C-suite executives at 10 portfolio companies, including 4 new CEOs
- 15 new Parthenon employees
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Select Subsectors
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Integrated Payments
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Payor Tech/Services Investments
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Pharma Outsourcing and Pharmacy Technology
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Professional Services
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Wealth Management Investments
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Insurance Services
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*Exited
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Add-On Acquisitions At
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New CEOs
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Team
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New
Principal
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Promotion
to Principal
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New Director of Strategy & Implementation
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Patrick Hunt
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Matt Lentz
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Rahul Raina
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New Vice
President
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Promotions to
Senior Associate
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New Senior
Associate
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Riva Trivedi
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Jay O'Brien
Alex Markkanen
Jack Amoroso
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Nick Miller
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New
Associates
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New
Analysts
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Finance
& Admin
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Vikrant Ragula
Austen Sandoval
Kutay Ebik
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Efe Karaca
Jeff Potvin
Arnav Aggarwal
Juliana Dantas
Shubh Sharma
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Egeria Smith promoted to Controller
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New Finance & Admin Team Members
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Sam Bianchi, Rudy Carlson, Madison Wortman
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Investment Philosophy
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We are growth-oriented private equity investors with decades of experience in our Core Sectors
- $100 - $600 million equity investments per platform (and $1 billion+ with LP co-invest)
- Ability to start small and execute ambitious growth plans
We partner with management teams to develop and implement bold strategic visions for our companies to make them leaders in their niche markets
- Emphasis on alignment amongst stakeholders
- Expertise to understand complicated and "off-the-run" situations
We provide resources and know-how to transform companies into franchise assets
- Buy-and-build with two-thirds of our portfolio highly acquisitive, averaging eight add-ons per company
- Resources to develop and build infrastructure and repeatable process: corporate development, go-to-market, capital markets, M&A integration, technology and product development, HR and talent management, strategic FP&A, finance and reporting
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Core Sectors
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Financial Services
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- Wealth & Retirement
- Insurance Services
- Capital Markets/FinTech
- Payments
- Niche Risk-Bearing/Spec Fin
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Healthcare Solutions
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- Provider Tech & Services
- Payor Tech & Services
- Life Science Tech & Services
- Pharmacy Tech & Services
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Business & tech Services
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- Professional Services
- Vertically-Oriented Software
- Info & Data Services
- Outsourced Services
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We appreciate all the hard work and thoughtfulness of our management, their teams, our colleagues, investors, advisors and partners. We look forward to working with you in 2025. Thank you for your support.
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© 2025 PARTHENON CAPITAL. ALL RIGHTS RESERVED.
Parthenon, Parthenon Capital, Parthenon Capital Partners and related logos are registered service marks of PCP Managers II, L.P. and its affiliates.
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