About This Fund
Level Equity Growth Partners VI is a 2025-vintage growth equity fund closed on March 31, 2025, as part of Level Equity's combined $1.4 billion fundraising cycle alongside Level Equity Opportunities Fund 2025 — representing a significant increase from the firm's prior vintage of $1.125 billion raised in 2021 and a strong oversubscription from institutional investors. Level Equity is a New York and San Francisco-based growth equity firm founded in 2009 with over $6.4 billion in total assets under management and more than 125 portfolio company investments completed across its fund series. The fund targets rapidly growing, lower middle-market software and technology-enabled businesses with between $5 million and $50 million in annual recurring revenue, typically taking minority positions at pivotal growth inflection points.
Growth Partners VI focuses on asset-light software businesses demonstrating approximately 25% top-line revenue growth, 80% gross margins, and durable recurring revenue models. Level Equity typically invests between $10 million and $50 million per portfolio company, partnering with management teams to accelerate organic growth and pursue M&A-driven consolidation strategies. A key differentiator is Level Equity's proprietary NextLevel Operations platform — a three-tiered model combining internal operators, senior special operators, and curated external experts — enabling active go-to-market optimization, product strategy enhancement, and bolt-on acquisition support from the earliest stages of each investment partnership.
Level Equity has demonstrated consistent performance across its growth equity fund series, with portfolio companies drawn from enterprise software, SaaS, healthcare technology, and business services sectors. The oversubscribed closing of Growth Partners VI reflects institutional confidence from corporate pension plans, university endowments, and family offices who participated in the raise. As of the fund's close, Level Equity's prior vintages had delivered strong realized and unrealized returns from lower middle-market software investments, validating the firm's thesis that capital-efficient, founder-led software companies represent a consistently attractive asset class for growth equity returns.