What Peakequity does

PeakEquity Partners is a Radnor, Pennsylvania-based private equity firm founded in 2014 by Greg Case and Paul Winn that invests exclusively in lower middle-market enterprise software companies. The firm targets established software businesses with $10-50 million of revenue or ARR, investing $20-75 million per portfolio company through majority or minority positions in verticals spanning infrastructure software, application software, vertical-specific SaaS, analytics, martech, supply chain, information security, and human capital management. PeakEquity deploys capital through its flagship Fund I, which closed in February 2017 at over $137 million of commitments and has been supplemented by co-investor capital to bring total PeakEquity-led transactions above $400 million.

The firm's differentiated offering is its "Operational Advantage" framework, which layers dedicated operating partners (with collective 100+ years of enterprise software CEO experience at firms including Fiberlink, FoundationDB, GSI Commerce, BroadVision, Baan, Coda, and Internet Capital Group) onto portfolio companies across four pillars: Product management and road-mapping, Go-to-Market strategy and channels, People and organizational design, and Process and strategic planning. This operating model is delivered via 100 Day Plans and an Operating Committee structure intended to drive >30% annual revenue growth, ARR expansion, and margin improvement.

PeakEquity generates returns primarily through successful exits of portfolio companies. To date the firm has executed eight software investments and three notable exits — EnterpriseDB (sold to Great Hill Partners in 2019 after tripling ARR with 40% year-over-year growth), G5 Search Marketing (sold to RealPage/Thoma Bravo in 2021 after 100%+ organic ARR growth), and Xeeva (exited in 2022). Active holdings include Grayshift (mobile device digital forensics, with Thoma Bravo as a co-investor since 2022), HighLevel (marketing platform serving 10,000+ agencies and 240,000+ SMBs, with General Atlantic joining in 2024), and Art Storefronts (e-commerce platform for creatives, added in May 2024). The firm is structured as PeakEquity Management Co., L.P. and operates from Villanova, PA with a co-located relationship with Milestone Partners.

Name

Peakequity

Legal name

PeakEquity Management Co., L.P.

Website

https://peakequity.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

PeakEquity Partners is a Radnor, PA-based lower middle-market private equity firm founded in 2014 that invests $20-75M in enterprise software companies with $10-50M of revenue, pairing capital with dedicated operating partners to drive growth and exits.

Ownership category

akta.pro rank

Product category

Private Equity Investment Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Technology & Software Growth Equity (FSANACAA)

Keywords

• Private equity investing
• Enterprise software investments
• Lower middle market
• Growth capital
• Portfolio operations

Headquarters

HQ city

Radnor

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management & Investment Returns: PeakEquity generates returns through successful exits of portfolio companies. Fund I closed at over $137 million in capital commitments. PeakEquity-led transactions total over $400 million of equity capital including fund and co-investor capital. Returns are realized through strategic sales and exits of portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PeakEquity Partners is a private equity firm that invests $20-75 million+ of growth capital in lower middle market enterprise software companies with $10-50 million in revenue/ARR. The firm takes minority or majority equity positions in software businesses and pairs capital with operational support delivered by a network of dedicated operating partners across product, go-to-market, people, and process functions. PeakEquity's first institutional fund closed at over $137 million in capital commitments, and the firm's principals have led more than $750 million of software equity transactions across PeakEquity and prior firms.

Product overview

PeakEquity Partners is a private equity firm, not a software product company. The firm offers investment services to software companies, providing capital deployment alongside operational support. Their services include strategic guidance across four key areas: Product (management, development, road-mapping, scalability), Go-to-Market (sales/marketing strategy, positioning, channel partnerships), People (organizational design, talent recruitment, incentive structures), and Process (strategic planning, cross-functional alignment, leading indicator metrics). The firm targets software companies with $10-50 million in revenue/ARR, investing $20-75 million per portfolio company.

Differentiator

Problem solved

Functional benefit

Products and services

• PeakEquity Partners Investment Services Private equity investment services providing $20-75M+ growth capital in minority or majority equity positions to lower middle market enterprise software companies with $10-50M in revenue/ARR. Includes operational support across product management, go-to-market strategy, organizational design, and process optimization delivered through dedicated operating partners and an Operating Committee model.
• PeakEquity Partners Fund I, L.P. PeakEquity's first institutional private equity fund vehicle used to deploy capital into enterprise software investments. The fund closed at over $137 million of capital commitments and has been used to deploy $50 million of fund equity and over $200 million of fund and co-investor equity.

Quantifiable outcome

• EnterpriseDB tripled ARR over investment period with 40% year-over-year revenue growth
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• Vista Point AdvisorsminorOthers · 16 November 2021Vista Point Advisors served as exclusive financial advisor to HighLevel in connection with the PeakEquity-led $60M+ investment.
• Ed Boyajian / EnterpriseDB LeadershipcoreOthers · 18 December 2014PeakEquity partnered with Ed Boyajian, CEO and President of EnterpriseDB, to accelerate the company's momentum, expand client offerings and strengthen partnerships while continuing to support the Postgres community.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• LLR Partners: Lower middle market PE firm focused on software and tech-enabled services, with overlapping investment size, sector focus, and several personnel alumni of PeakEquity (Greg Case, Justin Reger). Closest direct comparable in stage, thesis, and check size.
• Milestone Partners: Growth equity firm focused on lower middle market software and technology, co-investor with PeakEquity in the G5 recapitalization. Directly comparable in stage, sector, check size, and geography (Greater Philadelphia).
• Mainsail Partners: Growth equity firm investing exclusively in lower middle market B2B software companies, comparable in revenue size band ($10-50M), operational focus, and majority/minority investment flexibility.
• PSG Equity: Growth equity firm focused on lower middle market software and tech-enabled services, with a comparable operational value-creation model and similar revenue/ARR investment band.
• FTV Capital: Growth equity firm focused on enterprise technology and tech-enabled financial services, with similar lower middle market orientation and operational partner model. Comparable in stage, sector, and check size.
• Summit Partners: Growth equity firm with deep software and technology investing history, comparable in sector focus on enterprise software and operational value-add model, though Summit typically deploys larger checks.
• Susquehanna Growth Equity: Growth equity firm investing in lower middle market technology and software companies with similar check size, sector focus, and stage, based on the East Coast with comparable operational support model.

Broad incumbents

• Thoma Bravo: Largest dedicated software PE platform with $114B+ AUM, co-investor and exit counterparty for PeakEquity (G5 to RealPage, Grayshift investment). Same sector but operates at significantly larger scale.
• Vista Equity Partners: Mega-cap software-focused PE firm that increasingly targets lower middle market opportunities, overlapping with PeakEquity's investment band on larger end. Same sector but materially larger AUM and check sizes.
• General Atlantic: Global growth equity firm with $83B AUM and deep software focus, took a minority stake in PeakEquity portfolio company HighLevel in 2024. Broader stage and larger checks but same growth equity orientation in enterprise software.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/peakequitypartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peakequity