Parthenon Capital continues impressive fund size increase, beats $2bn for Fund VI final close


Parthenon Capital has hauled in more than $2bn for the final close of its latest buyout fund, more than double the amount it collected for its predecessor vehicle.

The firm, which has offices in Boston, San Francisco and Austin, initially hoped to collect up to $1.5bn for Parthenon Investors VI.

Its latest raise continues an impressive increase in fund sizes from the firm, which set out to gather up to $600m for its fourth fund back in 2012.

The firm reached its $700m hard cap for that vehicle, and struck its $1bn hard cap for Fund V in 2016 after initially looking to pick up $850m.

Parthenon, which focuses on financial services, healthcare services and business services investments, is led by managing partners Brian Golson, Dave Ament and Andrew Dodson.

Recent deal from the firm include backing health information security and compliance business MRO in October.

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