DRIEHAUS PRIVATE EQUITY, LLC

Thesis

Driehaus Private Equity, LLC, founded in 2011 and based in Chicago, Illinois, was a growth capital investment firm that focused on buyouts, mergers, acquisitions, recapitalizations, and growth capital. The firm targeted investments in the B2B, commercial services, healthcare, and manufacturing sectors, primarily within the United States. Their investment strategy involved partnering with founders seeking liquidity and expansion, as well as executives looking to re-enter the business world. Driehaus Private Equity also collaborated with Limited Partners (LPs), many of whom were family offices. The firm raised at least one fund, the Driehaus Private Equity Growth Fund I, securing $42.2 million by 2015 against a $50 million target. While a second fund was filed in 2016, its amount is undisclosed. Sources indicate a total AUM of approximately $1 billion for Driehaus Private Equity, LLC, distinct from the much larger Driehaus Capital Management. Richard H. Driehaus, the founder, passed away in March 2021 and was known as the 'father of momentum investing'.