Parthenon Capital Partners

About The Fund

Parthenon Capital Partners is a private equity firm specializing in providing capital and strategic resources to growth companies in distinct sectors, with a strong emphasis on financial services, healthcare services, and business services. Founded in 1998 and headquartered in Boston, Massachusetts, the firm extends its reach from its additional offices in San Francisco, California, and Austin, Texas. Since its inception, Parthenon has completed over 50 platform acquisitions and 200 add-on acquisitions, representing an excess value of $5 billion. Their approach to investment is research-driven, leveraging sustainable operating and investment experience to work in collaboration with management teams. Through a combination of acquisitive and organic strategies, they aim to build market leaders and accelerate earnings growth. Parthenon's specialization enables a deeper comprehension of key issues, risks, and opportunities, and they provide resources and insights relevant to their core sectors. They have carved a niche for themselves by understanding complexity in financial services, necessitating technology usage and maintaining focus amidst changing regulations and competition. Investments in this category encompass financial software, analytics, outsourcing services, insurance distribution, asset management, specialty lending, accounts receivable, collections, mortgage services, and employee benefits. In healthcare services, their goal is to improve productivity and transparency in a convoluted and inefficient US healthcare system. They invest in segments like HCIT, revenue cycle management, practice management, technology, data capture, analytics, payer outsourcing, patient engagement, pharmacy services, supply chain, tech-enabled outsourcing, coordination of care, benefits administration, health insurance, and select provider areas. Lastly, in business services, they support companies that apply technology, knowledge-based solutions, and business intelligence to enhance customer productivity, innovation, and time to market, while reducing asset intensity and cost of distribution. This focus covers business process outsourcing, human capital management, payment processing, exchanges, distribution, logistics, security, government outsourcing, education, and SaaS-based models.