PERCHERON CAPITAL
PERCHERON CAPITAL is a Series C+ and buyout fund in the US investing in Developer Tools, essential-services, repair-and-maintenance, veterinary, fire-and-life-safety, landscaping, automotive-services, hvac, plumbing, electrical, car-wash, pest-control, property-management, restoration-services and commercial-hvac.
- Stages
- Series C+, buyout
- Sectors
- Developer Tools, essential-services, repair-and-maintenance, veterinary, fire-and-life-safety, landscaping, automotive-services, hvac, plumbing, electrical, car-wash, pest-control, property-management, restoration-services, commercial-hvac
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2020
- Assets under management
- $7.5B+
Check size not disclosed
Thesis
Percheron Capital is a private equity firm founded in 2020 and headquartered in San Francisco, California. The firm specializes in the "essential services" sector, focusing on businesses critical to societal functioning and possessing resilient models. Their strategy involves partnering with strong management teams to acquire and grow market-leading companies, often through a high-velocity M&A approach with add-on acquisitions. Percheron utilizes an in-house AI engineering capability, "Percheron AI Ops," to enhance operational efficiency and customer outcomes. The firm's geographic focus is primarily North America, with an emphasis on control investments in repair, maintenance, and recurring service businesses. Their approach suggests a preference for growth and buyout stages, targeting established businesses with consolidation potential. Percheron Capital Fund III closed at $3.1 billion in April 2026, bringing their total AUM to over $7.5 billion. Previous funds include Percheron Capital Fund II LP ($1.55 billion) and Percheron Capital Fund I LP ($770 million). While specific check sizes are not disclosed, their strategy implies substantial equity investments ranging from tens to hundreds of millions of dollars.
Common questions
Does PERCHERON CAPITAL invest at the Series C+ stage?
Yes. PERCHERON CAPITAL lists Series C+ and buyout among the stages it invests in.
Where does PERCHERON CAPITAL invest?
PERCHERON CAPITAL invests in the US.