Parthenon
Private equityBoston · Growth · 49 people tracked
Also known as Pcp Managers, L.P.
Find your way into Parthenon
9,702 people in our graph share verified history with the Parthenon team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Parthenon Capital takes a research-driven, sector-focused approach to private equity investing, concentrating on core sectors where the firm has substantial operating and investment experience. It partners collaboratively with management teams to create value by building market leaders and driving earnings growth via both organic and acquisitive strategies. The firm believes its specialization allows deeper understanding of key issues, risks and opportunities, enabling it to provide relevant resources and insights. Over more than 25 years it has completed over 60 platform and 500 add-on acquisitions, primarily across financial services, healthcare solutions, and business/technology services subsectors.
Source: firm website, verified Sep 1, 2026.
Team · 49 people
from the firm's website & curated & public directoriesFounder mafia
The Parthenon mafia →28 people who came through Parthenon went on to found or lead other companies.
+ 16 more
What they invest in
from 20 of 63 portfolio companiesEnterprise Software ×11Fintech ×10SaaS ×8AI & Machine Learning ×4Healthtech ×4Data & Infrastructure ×3InsurTech ×3Cloud Computing ×2
HQs:United States×15
Investments · 63 tracked
founders shown can be your intro pathDignity & Wellness Patient Solutions (DWP) is the parent company of Injured Workers Pharmacy (IWP), a full-service workers' compensation pharmacy, providing shared services, infrastructure, and operational support.
Digital HealthHealthtech
Michael Gavin(Chief Executive Officer)Pam Rippens(Chief Operating Officer)Jayne Kresac(Vice President of Legal, Government Affairs and Communications)Neil Welch(Chief Clinical Officer)Steve MacIntosh(Chief Financial Officer)
Co-investorsAcon Investments
AArete is a management and technology consulting firm that helps organizations translate data into actionable business insights and drive strategic profitability improvement, digital transformation, and organizational change.
AI & Machine LearningData & InfrastructureEnterprise Software
Allworth Financial is a fee-based fiduciary wealth management and financial advisory firm serving investors seeking personalized, comprehensive financial guidance.
Enterprise SoftwareFintech
Scott Hanson(Co-founder)inPat McClain(Co-founder)in
Co-investorsLightyear
Amwins is a wholesale insurance broker and specialty insurance distributor that provides retail agencies and insurance carriers with access to specialty markets, proprietary products, actuarial services, and program development.
InsurTechCharlotte, US
M. Steven DeCarlo(Manager)Scott M. Purviance(Manager)inStuart Szabo(Manager)
BoardBenjamin R. Sloop(Manager)Matthew Ebbel(Manager)Marc Stad(Manager)in
Co-investorsGenstarNew Mountain CapitalDragoneer Investment Group
BirchStreet delivers AI-powered procurement and operations software embedded in hospitality management platforms, designed for hotels, resorts, and casinos to automate purchasing, invoicing, inventory, and supplier management.
AI & Machine LearningEnterprise SoftwareFintechSaaSLas Vegas, US
Bryant & Stratton College is a career-focused higher education institution founded in 1854 that offers on-campus, remote, blended, and online degree and certificate programs across fields including business, healthcare, information technology, and esports.
EdTechBuffalo, US
Dr. John Collins BryantHenry Beadman BryantHenry Dwight Stratton
CardWorks Financial Group is a diversified consumer finance provider offering credit, lending, and full customer lifecycle services, focused on non-prime "progress seeker" consumers overlooked by large financial institutions.
FintechWoodbury, US
Don Berman(Founder & Executive Chairman)inHarold Baldauf(Director)Robert Hartheimer(Director)Daniel Ballen(Director)Zach Sadek(Director)Albert Jaronczyk(Executive Officer)
Co-investorsID8 InvestmentsReverence Capital Partners
Cherry Bekaert is a nationally ranked accounting, advisory, and tax firm that provides solutions for middle-market businesses including assurance, tax, and digitally enabled transformation services.
Data & InfrastructureEnterprise Software
DaySmart provides a point-of-sale software system for businesses that process customer payments, manage inventory, and track sales.
Cloud ComputingEnterprise SoftwareMarketing TechRetail TechSaaSSales Tech
Patrick Shanahan(Chief Executive Officer)inJohn Agostino(Chief Financial Officer)inJason Kirk(Chief Technology Officer)in
Co-investorsLovell Minnick
Leading provider of vehicle auction services in North America; taken public by Kelso in 2009
Co-investorsKelso
Libra Solutions provides financing solutions related to the legal system, serving law firms and healthcare providers to help fund plaintiffs and level access to the legal process.
FintechHealthtechLegalTechSaaS
Dan(Revenue and Sales Leader)
loanDepot is a digital-first mortgage lender that provides home purchase and refinancing services through a proprietary software platform.
ConsumerFintechPropTech
Anthony Hsieh(Founder)in
Improves health care providers' margins and cash flow via revenue cycle and supply chain solutions (NASDAQ: MDAS).
Co-investorsGrotech Ventures
Pavilion Payments provides gaming payment solutions that enable casinos and gaming operators to process transactions across physical locations, casino floors, and online platforms.
Enterprise SoftwareFintechGamingSaaSLas Vegas, US
Relation Insurance is a broker that provides insurance protection for individuals, families, and businesses, combining national resources with local expertise to deliver personalized solutions.
InsurTech
Timothy J. Hall(Chief Executive Officer)inRussell Brown(President)in
Co-investorsBayPine
Co-investorsLovell Minnick
Smart Data Solutions provides an AI-native platform that validates, organizes, and automates data intake and workflow processes for healthcare payers.
AI & Machine LearningData & InfrastructureEnterprise SoftwareHealthtechSaaS
Zelis builds healthcare-specific technology to help clients manage operations and stay compliant with changing regulations in the healthcare financial system.
FintechHealthtechSaaSBedminster, US
Douglas Klinger(Executive Officer, Director)Edward Fargis(Executive Officer)inThomas Kloster(Executive Officer)inKurt Brumme(Director)Joseph DiMartini(Director)Eric Schaefer(Director)
Co-investorsNorwest Venture PartnersValspring Capital
Fund performance · per public LP disclosures · 6
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Parthenon Investors VIILPs: Oregon Public Employees Retirement System, Texas Municipal Retirement System, Employees' Retirement System of Rhode Island +2 more | 2023 | — | -24.7% | 0.84x | 0.00x |
| Parthenon Investors VI, L.P.LPs: Texas Municipal Retirement System, Employees' Retirement System of Rhode Island | 2020 | — | 19.1% | 1.75x | 0.21x |
| Parthenon Investors IVLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System | 2012 | — | 36.2% | 4.91x | 3.33x |
| Parthenon Investors IIILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System | 2005 | — | 11.9% | 2.46x | 2.16x |
| PARTHENON INVESTORS II LPLPs: Oregon Public Employees Retirement System, Employees' Retirement System of Rhode Island, Michigan Municipal Employees' Retirement System +2 more | 2001 | — | 12.3% | 1.64x | 1.64x |
| Parthenon InvestorsLPs: Oregon Public Employees Retirement System | 1999 | — | 6.5% | 1.38x | 1.38x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Parthenon made?
- Parthenon has 62 tracked investments.
- What stage does Parthenon invest at?
- Parthenon invests at the Growth stage.
- What sectors does Parthenon focus on?
- Parthenon focuses on Enterprise Software, Fintech, Healthtech.
- Where is Parthenon located?
- Parthenon is headquartered in Boston, US.
- Who does Parthenon co-invest with?
- Parthenon most often shares deals with Lovell Minnick, ID8 Investments, Norwest Venture Partners, among 13 tracked co-investors.
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