Reverence Capital Partners
Private equity17 people tracked
Investment thesis
Reverence Capital invests across a broad range of middle-market financial services companies, backing leading businesses and working alongside management to build long-term value. It pursues control and influence-oriented minority investments while remaining flexible on deal structure. Target companies have proven, defensible business models, strong management teams, and growing revenues and earnings that produce high free cash flow or attractive returns on retained capital. Drawing on its team's operational expertise and a network of Special Advisors, the firm aims to accelerate earnings growth, drive scale to improve returns, leverage relationships to broaden the business, and apply deep financial services product knowledge.
Source: firm website, verified Aug 6, 2026.
Team Β· 17 people
from the firm's websiteWhat they invest in
from 1 of 20 portfolio companiesEdTech Γ1
HQs:United StatesΓ2
Investments Β· 20 tracked
founders shown can be your intro pathBlackboard builds infrastructure for educational institutions to deliver teaching and learning experiences both online and in person at scale.
EdTech
Atlanta, US
Milton Berlinksi(Director)Don Butler(Director)James Douglas(Executive Officer)David Thevenon(Director)L. Scott Askins(Executive Officer)Bryan Stolle(Director)
Fund performance Β· per public LP disclosures Β· 16
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Reverence Cap PTR Op Fd V (PE Fd III)LPs: California State Teachers' Retirement System | 2023 | β | 29.2% | 1.37x | 0.03x |
| Reverence Capital Partners Opportunities Fund V, LLPs: Baltimore City Employees' Retirement System | 2022 | β | -11.4% | 0.90x | 0.00x |
| Reverence Capital Partners Opportunities Fund V (FOO) (PE Fund III)LPs: New York City Police Pension Fund, Teachers' Retirement System of the City of New York | 2021 | β | 31.1% | 1.67x | 0.04x |
| Reverence Capital Partners Opportunities Fund V (PE III)LPs: Connecticut Retirement Plans and Trust Funds, Texas Municipal Retirement System, Los Angeles City Employees' Retirement System +2 more | 2021 | β | 21.6% | 1.52x | 0.05x |
| Reverence Capital Partners V (PELPs: New York City Fire Department Pension Fund | 2021 | β | β | 9.20x | β |
| Reverence Capital Partners V (PE Fund III)LPs: New York City Employees' Retirement System, New York City Fire Department Pension Fund | 2021 | β | 21.3% | 1.44x | 0.00x |
| Reverence III Side CarLPs: New York City Employees' Retirement System, New York City Fire Department Pension Fund | 2021 | β | 31.1% | 1.67x | β |
| Reverence Capital Partners Opportunities Fund II (Parallel)LPs: New York City Employees' Retirement System, New York City Police Pension Fund | 2019 | β | 31.6% | 3.20x | 0.82x |
| Reverence Capital Partners Opportunities Fund II, LLPs: Baltimore City Employees' Retirement System, New York City Employees' Retirement System | 2019 | β | 22.6% | 2.09x | 0.61x |
| Reverence Capital Partners Opportunities Fund IILPs: Texas Municipal Retirement System, New York City Employees' Retirement System, New York City Police Pension Fund | 2018 | β | 22.9% | 2.37x | 0.76x |
| REVERENCE CAP PRTNS II COINVSTLPs: New York City Board of Education Retirement System | β | β | β | 3.17x | β |
| REVERENCE CAPITAL III COINVESTLPs: New York City Board of Education Retirement System | β | β | β | 1.49x | β |
| Reverence Capital Partners Opportunities Fund II, L 2019LPs: Baltimore City Employees' Retirement System | β | β | β | 0.20x | β |
| Reverence Capital Partners Opportunities Fund V, L 2022LPs: Baltimore City Employees' Retirement System | β | β | β | 0.00x | β |
| REVERENCE CAPITAL PRTNERS IIILPs: New York City Board of Education Retirement System | β | β | β | 1.43x | β |
| REVERENCE CAPITAL PTRS OPP IILPs: New York City Board of Education Retirement System | β | β | β | 2.86x | β |
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 Reverence Capital Partners focus on?
- Reverence Capital Partners focuses on Fintech.
Similar investors
3TS Capital Partners is a European technology-focused venture growth investment adviser whose funds provide expansion and buyout capital to high-growth SMEs in technology, media, communications and technology-enabled services across the DACH, CEE and Nordic regions.
500 Global (formerly 500 Startups) is a venture capital firm that invests in startups worldwide and runs programs for founders and investors.
83North is a global venture capital firm that invests in and helps entrepreneurs build large, category-leading companies across Europe, Israel, and the US.
ACT Venture Capital is an independent Irish venture capital firm that invests β¬1 million to β¬15 million in growth-stage private companies, with capacity for larger commitments through syndicated rounds.
Accel is a venture capital firm that partners with exceptional founding teams, positioning itself as a first partner to startups globally.