Parthenon
Private equityBoston · Growth · 58 people tracked
Also known as Pcp Managers, L.P.
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 6, 2026.
Team · 58 people
from the firm's websiteInvestments · 62 tracked
founders shown can be your intro pathFund 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
- 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.
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