– Diversis Capital Management, LP, a Los Angeles-based private equity firm focused on software and technology-enabled services, announced the completion of Diversis Capital Partners III, L.P. with over $1.2 billion in total commitments.
– The oversubscribed Fund III reached its hard cap, exceeding the $850 million target, and bringing Diversis’ total AUM to over $3 billion.
– The previous fund, Diversis Capital Partners II, closed in 2021 with $680 million in commitments.
– The firm will continue its disciplined investment approach, targeting companies with strong fundamentals that can benefit from Diversis’ growth capital, operational support, and strategic expertise.
– Diversis focuses on operationally driven control investments in lower middle-market software and tech-enabled businesses, primarily in North America, with selective investments in Europe and Australia.
– Kevin Ma, Co-Founder and Managing Partner, emphasized the firm’s commitment to helping founders and teams unlock the next stage of profitable growth through best practices, innovation, and AI experience.
Ma also thanked existing limited partners (LPs) for their ongoing support and welcomed new LPs to the firm.
– Ron Nayot, Co-Founder and Managing Partner, described Fund III as a key milestone validating Diversis’ track record, disciplined strategy, and strong partnerships with investors and portfolio leadership teams.
– Fund III attracted strong demand from a diverse global investor base, including endowments, foundations, investment advisers, fund-of-funds, pension plans, family offices, and financial and insurance institutions.
