Diversis Capital Management, a Los Angeles, CA-based private equity firm focused on investing in software and technology-enabled services organizations, closed Diversis Capital Partners II, L.P., with $675m of total commitments.
The fund, which was backed by a broad group of global investors including new and existing endowments and foundations, investment advisers and fund-of-funds, public and private pension plans, family offices, and financial institutions, continues Diversis’s focus on making operationally focused control private equity investments in lower middle-market companies.
Led by Managing Partners Ron Nayot and Kevin Ma, who co-founded the firm in 2013, Diversis’s Fund II will invest primarily in businesses based in North America, and selectively in Europe and Australia.
Since inception, the firm has built a portfolio of software and tech-enabled services companies, most recently investing in Adlib Software, a leader in content intelligence and contract analytics solutions. Over the past 14 months, Diversis has also made platform investments in:
- RFi Group, a data-driven insights provider and thought leader to the global financial services industry,
- Black Box Intelligence, the leader in data and actionable insights for the restaurant industry, and
- Performance Designed Products, LLC, a developer of video game accessories and peripherals.
In December 2020, the firm sold ArrowStream, Inc., the leading cloud-based provider of end-to-end supply chain management software for the foodservice industry.
Diversis today has over $1 billion of assets under management.
FinSMEs
13/09/2021