Diversis Capital Partners II, L.P.

Diversis Capital Partners II, L.P. is the sophomore flagship fund of Diversis Capital Management, a Los Angeles-based operationally focused lower middle-market private equity firm co-founded by Ron Nayot and Kevin Ma. Building on the platform established with Fund I, Diversis II continues the firm's strategy of making control investments in software and technology-enabled services businesses with $10–100 million in revenue, partnering with management teams to deliver transformative organic revenue growth through product development, go-to-market optimization, and strategic M&A — an approach that has historically doubled or tripled portfolio company revenues. The fund reached its final close on September 13, 2021 at $675 million — substantially above its $500 million target and nearly three times the $255 million raised in Fund I — completing in just three months from formal launch, reflecting strong LP demand driven by Fund I's demonstrable performance. Geographic scope expands modestly beyond Fund I's North American core to include selective investments in Europe and Australia, while remaining primarily focused on the deep and fragmented lower middle-market software opportunity in North America. Kirkland & Ellis served as legal counsel and Evercore Private Funds Group as placement agent for the fundraise. Confirmed investors include the Employees' Retirement System of Baltimore County among a broad institutional LP base spanning public and private pension plans, endowments, and family offices.