FundVintage 2019Updated May 21, 2026
D

Diversis Capital Partners I LP

Diversis Capital Partners I LP is a $255M lower middle-market PE fund targeting control investments in software and tech-enabled services in North America.

About This Fund

Diversis Capital Partners I, L.P. is the inaugural institutional fund of Diversis Capital Management, a Los Angeles-based operationally focused private equity firm co-founded in 2013 by Managing Partners Ron Nayot and Kevin Ma. The firm specializes in control investments in lower middle-market software and technology-enabled services companies that require both growth capital and intensive operational transformation — the Diversis model combines 11 dedicated deal professionals with 19 operating partners embedded in the portfolio, creating a differentiated execution capability for companies with $10–60 million in revenue seeking to accelerate growth through product development, go-to-market expansion, and M&A. The fund reached its final close on June 4, 2019 at its hard cap of $255 million — surpassing its $200 million target within six months of launch — with LP commitments spanning endowments, foundations, fund-of-funds, public and private pension plans, family offices, and financial institutions; Evercore Private Funds Group served as placement agent and Latham & Watkins as legal counsel. Portfolio companies from Fund I include Tempo ehf (enterprise HR software), PureCars Technologies (automotive digital marketing), and Blue Software (pharmaceutical labeling, exited to Danaher Corporation), demonstrating Diversis's ability to drive organic revenue growth that has doubled or tripled portfolio company revenues across a diversified software vertical exposure. By 2026, Fund I has entered the divestment phase of its lifecycle with active portfolio company exits underway.

Fundraising Details

Currency
USD
Final Close Date
Jun 4, 2019

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