PACENOTE EQUITY
PACENOTE EQUITY is a Series C+ and buyout fund in the US and Europe writing $5M–$10M checks into other.
- Stages
- Series C+, buyout
- Sectors
- other
- Check size
- $5M–$10M
- Invests in
- US-wide, Europe
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2019
- Assets under management
- $250M
- Website
- pacenotecapital.com
Thesis
Pacenote Equity is a private equity firm founded in 2019 and headquartered in Austin, Texas. The firm specializes in the lower middle market, focusing on control-oriented investments in companies with a total enterprise value under $150 million. Their strategy centers on partnering with independent sponsors and emerging managers, seeking businesses with strong competitive moats and management teams aiming for sustained outperformance. While primarily focused on North America, they opportunistically consider European companies. Pacenote Equity Fund I, which closed in 2024 with $90 million, aimed for 8-10 investments with check sizes between $5 million and $10 million. Their second fund, Pacenote Equity Fund II, closed in January 2026 with a hard cap of $250 million, allowing for larger investment checks. The firm also operates a placement agent business, assisting other funds in capital raising.
Common questions
Does PACENOTE EQUITY invest at the Series C+ stage?
Yes. PACENOTE EQUITY lists Series C+ and buyout among the stages it invests in.
What check size does PACENOTE EQUITY write?
PACENOTE EQUITY writes $5M–$10M checks.
Where does PACENOTE EQUITY invest?
PACENOTE EQUITY invests in the US and Europe.