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Parthenon

Private equity

Boston · Growth · 41 people tracked

Also known as Pcp Managers, L.P.

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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 29, 2026.

Stage
Growth
HQ
Boston, US
Instruments
Equity
AUM
$13.4B
Tracked investments
66

Team · 41 people

from the firm's website & curated & public directories
William G. Winterer· Partner, Head of Capital Markets
Zachary F. Sadek· Senior Partner
Joseph C. Taveira· Chief Financial Officerin
Stephanie K. Quinn· Office Managerin
Gerri H. Grossmann· Executive Officerin
Jill Aiello· Executive Officer
Jonathan O. Grad· Executive Officer

40 people who came through Parthenon went on to found or lead other companies.

+ 28 more →

What they invest in

from 22 of 66 portfolio companies

Fintech ×12Enterprise Software ×11SaaS ×9AI & Machine Learning ×4Healthtech ×4Data & Infrastructure ×3InsurTech ×3Cloud Computing ×2

HQs:United States×16United Kingdom×1

Investments · 66 tracked

founders shown can be your intro path

By year:2022 · 22021 · 24 dated

Dwpsolutionsdwpsolutions.com✓ verified

Dignity & 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

AAreteaarete.comin

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 Financialallworthfinancial.comin𝕏

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

Amwinsamwins.comin

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

BirchStreetbirchstreetai.comin𝕏

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 Collegebryantstratton.eduin𝕏

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

CardWorkscardworks.comin𝕏Jan 2021

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 Bekaertcbh.comin𝕏

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

Choreochoreoadvisors.comin

Choreo Advisors is a wealth management firm providing financial planning, tax planning, and estate planning services to clients, with particular expertise serving middle-market business owners and high-net-worth individuals.

Enterprise SoftwareFintech

CryptoSlamcryptoslam.ioSeed · Jan 2022 · $9M

Overland Park, US

Randall Wasinger(Executive Officer, Director)Randy Wasinger(Founder)in

Co-investorsalphabet angelsDragonflyGobi PartnersKCRise FundMetastableRed Beard Ventures+8 more

DaySmartdaysmart.comin

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-investorsLLRV1 VC

Envysionenvysion.comin𝕏

Envysion provides AI-powered heatmap analytics software that uses video data to visualize customer and staff activity patterns in retail stores.

AI & Machine LearningCloud ComputingEnterprise SoftwareIoTRetail TechSaaSDenver, US

eSecLendingeseclending.comin𝕏

ESE Lending provides securities finance and lending services.

Fintech

Kinetic Advantagekineticadvantage.comin

Kinetic Advantage provides market insights and floorplan lending services to independent used car dealers to help them source inventory more efficiently and strengthen their dealership operations.

Fintech

Co-investorsAltamont Capital Partners

Libra Solutionslibrasolutionsgroup.com

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)

LoanDepotloandepot.comin𝕏

loanDepot is a digital-first mortgage lender that provides home purchase and refinancing services through a proprietary software platform.

ConsumerFintechPropTechFoothill Ranch, US

Anthony Hsieh(Founder)inDean Bloxom(President of imortgage.)inDave Norris(Executive Officer)Jon C. Frojen(Executive Officer)

BoardAndrew Dodson(Director)Brian Golson(Director)

Co-investorsDTA Capital Advisors, LLCIndustrious Ventures

Pavilion Paymentspavilionpayments.comin

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

Payrocpayroc.comin𝕏

Payroc is a payments and financial services company that supports various community causes including child welfare, poverty relief, and health initiatives through corporate philanthropy and sponsorships.

Enterprise SoftwareFintechSaaSChicago, US

Adam Oberman(Founder)in

Periscope Holdingsperiscopeholdings.comin𝕏
Relation Insurancerelationinsurance.comin

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-investorsAquiline Technology GrowthBayPine

Smart Data Solutionssdata.usin𝕏

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

Titan Wealthtitanwh.com

Titan Wealth is a wealth management group that combines funds, technology, and service into a single integrated structure, serving individual investors, financial advisers, and investment professionals.

FintechSaaS

Co-investorsMaven Capital Partners

Venbrookvenbrook.comin

Venbrook is a private insurance brokerage in the United States that supports clients through insurance placement and brokerage services.

Enterprise SoftwareInsurTech

Jason D. Turner(Founder)in

Zeliszelis.comin𝕏

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-investorsBain Capital VenturesEdison PartnersNorwest Venture PartnersValspring CapitalBain Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Abeo, Inc.AccuMed Home HealthAFCAltegra HealthArrow Financial ServicesASG SecurityBillingTreeBracketCastle FinanceCayanEdgeCo HoldingsElevateEliza CorporationEmbarkeTixHd VestICDInspira FinancialInsurance Auto Auctions, Inc.IntermedixIWPKar Auction ServicesKBRAKenexaMedAssetsMedical Consultants, Inc.Medical Review Institute of AmericaMomentum Life SciencesMRONumbers ProtocolNuvemOfficial PaymentsPerformant Financial CorporationRackable SystemsRxSenseScentAir TechnologiesSeaside National Bank & TrustSocial Service CoordinatorsSSG Precision OptronicsTriad Isotopes, Inc.TrinityWildlands, Inc.

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 6

as of Dec 2025
FundVintageCommittedNet IRRTVPIDPI
Parthenon Investors VIILPs: Oregon Public Employees Retirement System, Texas Municipal Retirement System, Employees' Retirement System of Rhode Island +2 more2023—-24.7%0.84x0.00x
Parthenon Investors VI, L.P.LPs: Texas Municipal Retirement System, Employees' Retirement System of Rhode Island2020—19.1%1.75x0.21x
Parthenon Investors IVLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System2012—36.2%4.91x3.33x
Parthenon Investors IIILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System2005—11.9%2.46x2.16x
PARTHENON INVESTORS II LPLPs: Oregon Public Employees Retirement System, Employees' Retirement System of Rhode Island, Michigan Municipal Employees' Retirement System +2 more2001—12.3%1.64x1.64x
Parthenon InvestorsLPs: Oregon Public Employees Retirement System1999—6.5%1.38x1.38x

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 66 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, Bain Capital Ventures, Edison Partners, among 20 tracked co-investors.

Images

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