SAN FRANCISCO, April 9, 2026 — Percheron Capital ("Percheron"), the largest private equity firm focused on essential services, today announced the closing of its third fund, Percheron Capital Fund III ("Fund III"), with approximately $3.1 billion in total commitments. Fund III was significantly oversubscribed and closed at its hard cap, with strong support from existing investors and new commitments from a diverse, global group of institutions. Percheron has over $7.5 billion in assets under management.
Percheron’s mission is to build category-defining essential services businesses. The firm’s purpose-built operating model combines high-velocity M&A with an in-house AI engineering capability – Percheron AI Ops – to develop and deploy proprietary, production-grade systems alongside frontline employees to unlock the full potential of service providers, improve customer outcomes, accelerate growth and enhance long-term value.
Evercore served as advisor on the fundraise and Kirkland & Ellis LLP served as fund counsel to Percheron.
About Percheron Capital
Percheron Capital is the largest private equity firm focused on essential services – the businesses that keep America running. With over $7.5 billion in assets under management and an in-house forward-deployed AI engineering capability, Percheron partners with exceptional founders and teams to build category-defining essential services businesses. For more information, please visit www.percheron.ai or www.percheron.com.