How LA buyout house Diversis turned the crisis of Covid into a striking fundraising success

Traditional wisdom might tell you there are opportunities in every risk – but in times of uncertainty, it is just sometimes not so easily compensable. The Covid-19 pandemic has been one of the most uncertain times globally in recent human history, but inevitably some have managed to turn it into an opportunity. Los Angeles private equity house Diversis closed its second software-focused fund on $675m in September within three months of its formal launch, surging past its initial $500m target. AltAssets report Emily Lai found out from Diversis’ co-founders and managing partners Kevin Ma and Ron Nayot how they managed to use the pandemic as a backbone for the fundraise.