Fundraising Fox

Parthenon

Private equity

Boston · Growth · 31 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 Aug 25, 2026.

Stage
Growth
HQ
Boston, CA, US
Instruments
Equity
AUM
$13.4B
Tracked investments
62

Team · 31 people

from the firm's website
Stephanie K. Quinn· Office Manager

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

+ 2 more

What they invest in

from 19 of 62 portfolio companies

Fintech ×10SaaS ×5AI & Machine Learning ×4Healthtech ×3InsurTech ×3Cloud Computing ×2Enterprise Software ×2Consumer ×1

HQs:United States×6

Investments · 62 tracked

founders shown can be your intro path
AAreteaarete.com

AArete is a management consulting firm offering profitability improvement and digital & technology services, using market intelligence, data platforms, and AI-driven analytics.

AI & Machine LearningData & InfrastructureEnterprise Software

Abeo, Inc.
AccuMed Home Health
AFC
Allworth Financialallworthfinancial.comin𝕏

Allworth Financial is a fiduciary wealth management firm offering financial planning, investment management, tax planning, and estate planning through on-staff investment, tax, insurance, and estate experts.

Fintech

Co-investorsLightyear

Altegra Health
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)Stuart Szabo(Manager)Baljit Dail(Manager)

BoardBenjamin R. Sloop(Manager)Matthew Ebbel(Manager)

Co-investorsGenstarNew Mountain CapitalDragoneer Investment Group

Arrow Financial Services
ASG Security
BillingTree
BirchStreetbirchstreetai.com

BirchStreet builds an AI-powered procure-to-pay and operations platform purpose-built for the hospitality industry, helping hotel and hospitality brands manage purchasing, supplier collaboration, and spend visibility.

AI & Machine LearningFintechSaaS

Bracket
Bryant & Stratton Collegebryantstratton.edu

Bryant & Stratton College is a higher education institution offering degree programs such as business and nursing across multiple U.S. campuses, including Syracuse and Hampton.

EdTech

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

Donald M. Berman(Executive Officer, Director)Don Berman(Founder & Executive Chairman)Harold Baldauf(Director)Robert Hartheimer(Director)Daniel Ballen(Director)Zach Sadek(Director)

Co-investorsID8 InvestmentsReverence Capital Partners

Cayan
Cherry Bekaertcbh.com

Cherry Bekaert is a professional services firm providing accounting, tax, and advisory services tailored to clients' business needs.

Enterprise Software

Choreochoreoadvisors.com

Choreo provides integrated wealth management, financial planning, and tax planning services for business owners, executives, families, foundations, and professionals across the U.S.

Fintech

DaySmartdaysmart.comin

DaySmart offers industry-specific, cloud-based business management software with tools for booking and scheduling, digital marketing and reputation management, reporting, payment processing, inventory, and payroll.

Cloud ComputingSaaSSales Tech

Co-investorsLLRV1 VC

EdgeCo Holdings
Elevate
Eliza Corporation
Embark
Envysionenvysion.com

Envysion provides a cloud-managed video platform that combines video footage with AI-powered analytics to help restaurants, convenience stores, and retail chains with loss prevention, safety and security, and operations.

AI & Machine LearningCloud ComputingRetail Tech

eSecLendingeseclending.com

eSecLending is a securities finance firm that provides securities lending services for institutional investors, including auction-based lending programs and client reporting.

Fintech

eTix
Hd Vest

Co-investorsLovell Minnick

ICD
Inspira Financial
Insurance Auto Auctions, Inc.
Intermedix
IWP
Kar Auction Services

Leading provider of vehicle auction services in North America; taken public by Kelso in 2009

Co-investorsKelso

KBRA
Kenexa
Kinetic Advantage
Libra Solutionslibrasolutionsgroup.com

Libra Solutions operates a technology platform that provides funding and specialty medical services in the personal injury litigation space, connecting attorneys, physicians, and injured plaintiffs.

FintechHealthtechLegalTech

loanDepotloandepot.com

loanDepot is a mortgage and home lending company offering products such as home equity loans, home purchase mortgages, and cash-out refinancing to U.S. consumers.

ConsumerFintechPropTech

MedAssets

Improves health care providers' margins and cash flow via revenue cycle and supply chain solutions (NASDAQ: MDAS).

Co-investorsGrotech Ventures

Medical Consultants, Inc.
Medical Review Institute of America
Momentum Life Sciences
MRO
Nuvem
Official Payments
Pavilion Paymentspavilionpayments.com

Pavilion Payments provides integrated payment solutions for the gaming and entertainment industry, including ACH networks, cash access, and mobile/cashless funding for casinos and online gaming operators.

FintechGamingLas Vegas, US

Payrocpayroc.com

Payroc operates a unified omnichannel payments platform with a single API and precertified POS devices, enabling merchants to accept card-present, mobile, ecommerce, and unattended kiosk payments.

FintechSaaS

Performant Financial Corporation
Periscope Holdingsperiscopeholdings.com
Rackable Systems
Relationinsurancerelationinsurance.comin

Relation Insurance is an insurance brokerage offering commercial coverage, employee benefits programs, personal lines (auto, home, life, and recreational vehicles), private wealth risk management, and retirement planning.

InsurTech

Co-investorsBayPine

RxSense
ScentAir Technologies
Seaside National Bank & Trust

Co-investorsLovell Minnick

Smart Data Solutionssdata.us

Smart Data Solutions offers an AI-native automation platform that captures, validates, structures, and enriches incoming healthcare data across intake, EDI, digital mailroom, and clearinghouse connectivity before it enters downstream workflows.

AI & Machine LearningHealthtechSaaS

Social Service Coordinators
SSG Precision Optronics
Titan Wealth
Triad Isotopes, Inc.
Trinity
Venbrookvenbrook.com

Venbrook is an insurance company that positions its services around enabling clients' future decisions rather than only protecting existing assets.

InsurTech

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 Island202019.1%1.75x0.21x
Parthenon Investors IVLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System201236.2%4.91x3.33x
Parthenon Investors IIILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System200511.9%2.46x2.16x
PARTHENON INVESTORS II LPLPs: Oregon Public Employees Retirement System, Employees' Retirement System of Rhode Island, Michigan Municipal Employees' Retirement System +2 more200112.3%1.64x1.64x
Parthenon InvestorsLPs: Oregon Public Employees Retirement System19996.5%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 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.

Images

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