About This Fund
The target investments for Percheron Capital's Fund II are high-quality essential services businesses in North America. The firm focuses on acquiring and rapidly growing businesses with superior operating models in resilient and fragmented markets generating long-term growth. They partner with outstanding management teams and deploy a systematic operational process and functionally-designed support model to drive transformational growth at their portfolio companies. Fund II closed at its hard cap of $1.55 billion, with commitments from a diverse, global group of investors. The significant interest in the fund reflects the quality of Percheron's team and strategy. The firm's previous fund closed at its $770 million hard cap in September 2021. Wisconsin Investment Board and the State Teachers Retirement System of Ohio are among the known investors in Fund II. Percheron's differentiated approach and its ability to identify strong essential services businesses are cited as reasons for the resounding support from returning and new limited partners. The firm's track record and outcomes have also contributed to the significant interest in Fund II. Percheron's fund counsel for Fund II was Kirkland & Ellis LLP.