Percheron Capital
Private equitySan Francisco
Also known as Percheron Investment Management Lp
Investment thesis
Percheron Capital invests in and builds Essential Services businesses — the companies that keep America running. It positions itself as the largest essential-services-focused private equity firm. Its approach centers on placing AI in the hands of frontline service providers, with an in-house applied AI engineering team (Percheron AI Ops) that develops and deploys proprietary, production-grade systems alongside operators to embed AI into growth-accelerating workflows. The firm's 80+ person team spans AI engineering, talent acquisition, operations, investment sourcing, transaction underwriting, and high-velocity M&A and integration, aiming to unlock the potential of frontline teams and improve customer outcomes and long-term value.
Source: firm website, verified Aug 3, 2026.
Fund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Percheron Capital Fund IILPs: Teachers' Retirement System of the City of New York, New York City Employees' Retirement System, New York City Police Pension Fund | 2024 | — | — | 0.93x | 0.93x |
| Percheron Capital Fund II-CI1LPs: Teachers' Retirement System of the City of New York, New York City Police Pension Fund, New York City Employees' Retirement System | 2024 | — | — | 1.15x | — |
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 sectors does Percheron Capital focus on?
- Percheron Capital focuses on AI & Machine Learning.
- Where is Percheron Capital located?
- Percheron Capital is headquartered in San Francisco, US.
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