# PAR Capital Management: portfolio, investments and team > PAR Capital Management is a growth equity based in United States. 13 investments on record, latest Jun 2012. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/par-capital-management (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # PAR Capital Management Last cheque observed Jun 2012. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet Growth equity Series B Series C Venture Cloud Computing Cyber Security Travel Cheques on record **0%** of best year **0** **cheques in 12 months**, 13 on record Since the last cheque **5251** days **00** hrs **00** min **00** sec Median round **$21M** Rounds led **0 of 13** Sole investor **5 rounds** Exits **5 from the portfolio** Mostly in **United States, 100%** Pitch PAR Capital Management ## PAR Capital Management highlights - 01 13 rounds on record - 02 Mostly Series B and Series C: 46% of its rounds - 03 Sole investor in 5 rounds, median $21M - 04 5 exits from the portfolio ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Cloud Computing Cyber Security Travel - **Based in:** Boston, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **13 appearances** - **2012** 1 round - **Jun** **[Row44](https://millionrounds.com/company/row44)** Venture · US · finsmes.com **$45M** With 1 other - **2010** 1 round - **Sept** **[Row44](https://millionrounds.com/company/row44)** Series B · US · paidcontent.org **$37M** Sole investor - **2009** 1 round - **Nov** **[Lumexis](https://millionrounds.com/company/lumexis)** Venture · US · airfax.com **$15M** With 2 others - **2008** 3 rounds - **Sept** **[RiffTrax](https://millionrounds.com/company/rifftrax)** Series E · US · biz.yahoo.com **$5.0M** With 1 other - **May** **[Row44](https://millionrounds.com/company/row44)** Series A · US · thealarmclock.com **$21M** Sole investor - **Apr** **[AeroSat Corporation](https://millionrounds.com/company/aerosat-corporation)** Series C · US · xconomy.com **$14M** With 2 others - **2007** 3 rounds - **Oct** **[CommPartners](https://millionrounds.com/company/commpartners)** Venture · US **$11M** Sole investor - **Sept** **[Zillow](https://millionrounds.com/company/zillow)** Series C · US **$30M** With 3 others - **Jan** **[Farecast](https://millionrounds.com/company/farecast)** Series C · US · farecast.com **$12M** With 5 others - **2006** 3 rounds - **Jul** **[Zillow](https://millionrounds.com/company/zillow)** Series B · US · techcrunch.com **$25M** Sole investor - **Jan** **[ITA Software](https://millionrounds.com/company/ita-software)** Growth · US **$100M** With 4 others - **Jan** **[ITA Software](https://millionrounds.com/company/ita-software)** Series A · US · itasoftware.com **$100M** With 4 others - **2003** 1 round - **Nov** **[Legend Films](https://millionrounds.com/company/legend-films)** Series B · US **$1.0M** Sole investor An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** MD **Marc Daniel Zimman** Shareholder/Vice President i Form ADV PA **Paul Arlington Reeder** Shareholder/President i Form ADV SM **Steven Michael Smith** Shareholder / Chief Operating Officer, General Counsel and Chief Compliance Officer i Form ADV WD **William David Moeykens** Vice President of Finance i Form ADV We also hold **6** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$1.5B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** PAR Capital Management, Inc. - **SEC number:** CRD 156596 Funds on its Form ADV **1** private fund, **$2.8B** in gross assets · filed Mar 2024 - PAR Investment Partners, L.P. *Hedge* 85 investors $2.8B ## Exits from the portfolio Companies it backed that were later bought or listed **5 in all** **[Row44](https://millionrounds.com/company/row44)** Bought by [Advanced Inflight Alliance](https://millionrounds.com/fund/advanced-inflight-alliance) **$430M** Nov 2012 **[Zillow](https://millionrounds.com/company/zillow)** Listed **$205M** Jul 2011 **[CommPartners](https://millionrounds.com/company/commpartners)** Bought by Momentum Telecom **Undisclosed** May 2011 **[ITA Software](https://millionrounds.com/company/ita-software)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$700M** Apr 2011 **[Farecast](https://millionrounds.com/company/farecast)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **$115M** Apr 2008 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Series B Series C Venture Median round joined **$21M** the round, not its cheque Alone, median **$21M** Led 0 of 13 rounds **0%** - **Sole investor:** 5 rounds - **Last cheque:** Jun 2012 - **Exits:** 5 from the portfolio Rounds by stage said on their site - Series B *3* - Series C *3* - Venture *3* - Series A *2* - Growth *1* - Series E *1* Cheques by year Led Joined 2003 2012 Often in the room with - [Battery Ventures](https://millionrounds.com/fund/battery-ventures) 2 - [General Catalyst](https://millionrounds.com/fund/general-catalyst) 2 - [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) 2 - [Spectrum Equity](https://millionrounds.com/fund/spectrum-equity) 2 **Pitching PAR Capital Management?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as PAR Capital Management. A count of rooms they were both in, not a relationship either has claimed. [**Battery Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/battery-ventures)[**General Catalyst** VC firm **2** rounds together](https://millionrounds.com/fund/general-catalyst)[**Sequoia Capital** VC firm **2** rounds together](https://millionrounds.com/fund/sequoia-capital)[**Spectrum Equity** Private equity **2** rounds together](https://millionrounds.com/fund/spectrum-equity) ## Quick answers about PAR Capital Management ### What does PAR Capital Management invest in? PAR Capital Management invests most often at Series B and Series C (46% of the rounds on record), in sectors such as Cloud Computing, Cyber Security and Travel. ### How active is PAR Capital Management? 13 investments on record, 0 of them in the last 12 months. The most recent was in Jun 2012. ### How big are PAR Capital Management's cheques? The median round it joins is $21M. ### Does PAR Capital Management lead rounds? Rarely, if at all: none of its 13 investments on record names it as the lead. ### Where does PAR Capital Management invest? Most of the companies it backs are in the United States (100%). ### Is PAR Capital Management investing now? No investments in the last 12 months; the latest was in Jun 2012. ### Who does PAR Capital Management invest alongside? Most often Battery Ventures (2 rounds together), General Catalyst (2 rounds together) and Sequoia Capital (2 rounds together). ### What kind of investor is PAR Capital Management? PAR Capital Management is a growth equity firm based in Boston, United States. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. 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