– Periscope Equity, a Chicago-based private equity firm, announced the closing of Periscope Equity III, L.P. (“Fund III”)
– Fund III closed with $370 million in commitments, exceeding its $300 million target in under 12 months from launch
– Investor base includes new and returning LPs: university endowments, pension funds, charitable foundations, consultants, funds-of-funds, and family offices
– Fund III was oversubscribed despite a challenging fundraising environment
– Focus remains on first-institutional capital opportunities in founder-led services businesses
-Steve Jarmell, Partner at Periscope Equity: “The oversubscribed and efficient closing of Fund III amid a difficult fundraising environment is a testament to Periscope’s strategy and consistent focus on first-institutional capital opportunities in founder-led services businesses.”
-John Findlayy, Partner at Periscope Equity: “We’re excited about the opportunities ahead as we continue to invest in the next generation of services businesses.”
– Strategy combines disciplined investing with hands-on collaboration alongside management teams
– Significant momentum since first institutional fund in 2018
Approximately $700 million raised across three funds since 2018
– Investments since 2018: 11 platform companies and 28 add-on acquisitions
– Long-term mission: back founder-owned, tech-enabled services businesses, supporting strategic growth and operational excellence
