Parthenon Capital Closes Fifth Fund at $1 Billion
Ropes & Gray served as counsel to Parthenon Investors V, LP (PCP Fund V), the fifth fund closed by Parthenon Capital Partners. The fund, which announced its closing on May 31, raised $1 billion in commitments, exceeding its initial target of $850 million.
Based in Boston and San Francisco, Parthenon is a leading mid-market private equity firm that uses niche industry expertise to invest in growth companies in service industries. Parthenon has particular expertise in business services, financial and insurance services, and healthcare.
The Ropes & Gray team advising PCP Fund V included private investment funds partners Debra Lussier, Jason Brown and Ann Milner, tax partner Peter Rosenberg, and tax counsel Sabrina Glaser.