United States · Investor

Parthenon Capital

Last cheque observed Sep 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $22M, Apr 2023Private equity

SeedSeries AGrowthFinancial_servicesHealthcareBusiness_tech_services

Cheques on record
0%of best year0cheques in 12 months, 8 on record
Since the last cheque4057days00hrs00min00sec
Median round$38MRounds led0 of 8Sole investor6 roundsExits2 from the portfolioMostly inUnited States, 100%
Pitch Parthenon Capital

Parthenon Capital highlights

  1. 01

    8 rounds on record

  2. 02

    Mostly Venture and Growth: 83% of its rounds

  3. 03

    Sole investor in 6 rounds, median $63M

  4. 04

    2 exits from the portfolio

What they do

We’re a growth-focused private equity firm that combines decades of experience, domain expertise, strategic and operating resources, and a long-term investment horizon to collaborate with management to build franchise companies in high-growth and emerging market subsectors.From their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries AGrowth
Sectors
Financial_servicesHealthcareBusiness_tech_services
Based in
Boston, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first8 appearances

  1. 2015

    1 round

  2. Sept
    Millennium Trust CoUSUndisclosedSole investor
  3. 2014

    1 round

  4. Nov
    BlueSnapGrowth · US$50MWith 2 others
  5. 2013

    1 round

  6. Jan
    EnvysionUS · businesswire.comUndisclosedSole investor
  7. 2011

    2 rounds

  8. Jun
    Eliza CorporationGrowth · US$106MSole investor
  9. Jun
    Eliza CorporationSeries A · US · sec.gov$106MSole investor
  10. 2004

    1 round

  11. Mar
    Restaurant TechnologiesVenture · US$25MWith 1 other
  12. 2003

    2 rounds

  13. Mar
    Med-Tel InternationalVenture$19MSole investor
  14. Feb
    Rackable SystemsVenture · US$21MSole 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 registration11 named

ACAndrew Caldwell DodsonManaging Partner and Limited PartneriForm ADV
BPBrian Philip GolsonManaging Partner and Limited PartneriForm ADV
DJDavid Jacob AmentManaging Partner and Limited PartneriForm ADV
GHGerri H. GrossmannExecutive Officer, PromoteriFiling they signed
JPJill Philip AielloExecutive Officer, PromoteriFiling they signed
JCJohn C. RutherfordExecutive Officer, PromoteriFiling they signed
JOJonathan O. GradExecutive Officer, PromoteriFiling they signed
JCJoseph Cruzeiro TaveiraExecutive Officer, PromoteriFiling they signed
PGPaulo George Bartolomeu MarnotoGeneral Counsel, Chief Compliance OfficeriForm ADV
WCWilliam Caldwell KessingerChief Investment Officer and Limited PartneriForm ADV
WGWilliam G. WintererExecutive Officer, PromoteriFiling they signed

We also hold 69 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

$13Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
PCP Managers, L.P.
SEC number
CRD 157398

Funds on its Form ADV

15 private funds, $13B in gross assets · filed Mar 2024

  1. 04: Parthenon Investors V, L.P.Private equity53 investors$2.8B
  2. 13: Parthenon Investors VII, L.P.Private equity105 investors$2.6B
  3. 14: Parthenon Investors VII Parallel, L.P.Private equity117 investors$2.1B
  4. 05: Parthenon Investors IV, L.P.Private equity34 investors$1.7B
  5. 01: Parthenon Investors VI, L.P.Private equity75 investors$1.6B
  6. 02: Parthenon Investors VI Parallel, L.P.Private equity55 investors$1.2B
  7. 06: Parthenon Investors III, L.P.Private equity50 investors$351M
  8. 11: DETZ Co-Investment Aggregator, L.P.Private equity18 investors$301M
  9. 03: Parthenon Capital Executives Fund, L.P.Private equity33 investors$95M
  10. 15: Parthenon Capital Executives Fund II, L.P.Private equity30 investors$68M

And 5 more on the filing.

What they claim to have backed

From their own portfolio page (on their website)

0 of 1 we have independently watched raise

Jumpingjackrabbit

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

Millennium Trust CoBought by Parthenon Capital Partners$150MSept 2015
Restaurant TechnologiesBought by Aurora Capital GroupUndisclosedApr 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

Mentioned on podcasts

Episodes that name Parthenon Capital in their description, not their title.

Quick answers about Parthenon Capital

What does Parthenon Capital invest in?

Parthenon Capital invests most often at Venture and Growth (83% of the rounds on record), in sectors such as Financial_services, Healthcare and Business_tech_services.

How active is Parthenon Capital?

8 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2015.

How big are Parthenon Capital's cheques?

The median round it joins is $38M.

Does Parthenon Capital lead rounds?

Rarely, if at all: none of its 8 investments on record names it as the lead.

Where does Parthenon Capital invest?

Most of the companies it backs are in the United States (100%).

Is Parthenon Capital investing now?

No investments in the last 12 months; the latest was in Sept 2015.

What kind of investor is Parthenon Capital?

Parthenon Capital is a private equity firm based in Boston, United States.

How much does Parthenon Capital manage?

About $13B, as regulatory assets under management (Oct 2026).

Raising now?

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it