Parthenon Raises $700M For Service Industry Fund

Law360, New York (February 15, 2012, 7:31 PM EST) -- Private equity firm Parthenon Capital Partners has closed its latest business and financial services investment fund at $700 million, the Boston- and San Francisco-based company announced Wednesday.

The fund, Parthenon Investors IV LP, exceeded its initial target by $100 million, a recognition of its focus on research and its strong track record, according to David Ament, managing partner and head of the firm's Boston office.

“We're thrilled to have the fund raise complete and to be able to get back to doing what we enjoy most...
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