BOSTON & SAN FRANCISCO & AUSTIN, Texas--(BUSINESS WIRE)--Parthenon Capital, a leading growth-oriented private equity firm with offices in Boston, San Francisco and Austin, announced today its affiliate, Parthenon Investors VI, LP, held its first and final closing with more than $2.0 billion in commitments. Parthenon Fund VI exceeded its initial fund target of $1.5 billion.

“We appreciate the rapid and significant support we received from existing limited partners and welcome an outstanding group of new investors to the Parthenon family,” said Brian Golson, managing partner and co-chief executive officer.

Dave Ament, managing partner and co-chief executive officer, added, “We continue to be excited by the opportunity to build franchise companies in our target sectors and look forward to growing our firm and deploying our strategy in the coming years.”

Ropes & Gray LLP was counsel to Parthenon Fund VI, while Kirkland & Ellis represented Parthenon Capital for all management company documentation. Parthenon did not use a placement agent in the fundraising.

ABOUT PARTHENON CAPITAL

Parthenon Capital is a leading growth-oriented mid-market private equity firm with offices in Boston, San Francisco and Austin. Parthenon utilizes niche industry expertise and a deep execution team to invest in growth companies in service and technology industries. Parthenon seeks to be an active and aligned partner to management, either through recapitalization transactions or by backing new executives. Parthenon has particular expertise in financial and insurance services, healthcare and business services, but seeks any service, technology or delivery business with a strong value proposition and proprietary know-how. For more information, visit www.parthenoncapital.com.