Berkshire Partners LLC
Berkshire Partners LLC is a 100% employee-owned private equity firm founded in 1986 that invests in middle market businesses across healthcare, technology, services & industrials, and consumer, currently deploying Fund XI ($7.8B) while operating the Stockbridge public equity platform.
- Company typePrivate
- Founded1986
- HeadquartersBoston, United States
- Headcount—
- GTM typeB2B
- OfferingServices
What Berkshire Partners LLC does
Berkshire Partners LLC is a Boston-based, 100% employee-owned private investment firm founded in 1986 that operates as a multi-sector specialist in private and public equity. The firm invests in middle market businesses with strong market positions, durable business models, and committed management teams across four core sectors: healthcare, technology and communications, services and industrials, and consumer. As of 2024, it is investing from Fund XI, which closed with approximately $7.8 billion in limited partner commitments, and has completed more than 150 private equity investments since inception.
Revenue is generated primarily through management fees on its private equity funds, carried interest on successful exits (more than $1.4 billion in liquidity was generated across the portfolio in 2025), and the firm's public equity subsidiary Stockbridge, founded in 2007. Distribution is direct: investment products are offered to institutional investors and qualified purchasers via private placement and a dedicated investor portal; the firm does not sell through retail channels.
Value creation is delivered through a dedicated Portfolio Support Group that drives commercial acceleration, strategic M&A, AI enablement, system and process enhancement, and organizational development across portfolio companies. In 2025, six new companies were added to the portfolio (including Fleet Data Centers, Mosai, Thrive, Triumph, Triumvirate Environmental, and United Flow Technologies), more than 35 add-on acquisitions totaling over $680 million in enterprise value were completed, and 80% of responding portfolio companies were reported as actively using AI. The firm is led by Co-Managing Partners Mike Ascione and Chris Hadley and maintains offices in Boston and New York.
Berkshire Partners LLC firmographics
Firmographics- Name
- Berkshire Partners LLC
- Legal name
- Berkshire Partners LLC
- Website
- https://berkshirepartners.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Short description
- Berkshire Partners LLC is a 100% employee-owned private equity firm founded in 1986 that invests in middle market businesses across healthcare, technology, services & industrials, and consumer, currently deploying Fund XI ($7.8B) while operating the Stockbridge public equity platform.
- Ownership category
- akta.pro rank
Berkshire Partners LLC industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
Keywords
Where Berkshire Partners LLC is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Berkshire Partners LLC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Private Equity Management Fees: Berkshire generates revenue through management fees on its private equity funds. Currently investing from Fund XI which held its final closing in 2024 with approximately $7.8 billion in commitments.
- Carried Interest/Performance Fees: The firm earns carried interest on successful investments, generating returns when portfolio companies are exited through strategic sales, IPOs, or recapitalizations. Berkshire generated over $1.4 billion in liquidity in 2025 through various exit events.
- Public Equity (Stockbridge): Stockbridge, the firm's public equity business founded in 2007, manages a concentrated portfolio seeking attractive long-term investments, complementing the private equity operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Institutional investor access to private equity funds |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Berkshire Partners LLC product offering
Product offeringCore offering
Berkshire Partners is a multi-sector private equity firm that invests in middle market businesses with strong market positions, durable business models, and attractive growth prospects, partnering with management teams to accelerate commercial growth, execute strategic M&A, enable AI adoption, and improve operations. The firm currently invests from Fund XI (closed in 2024 with approximately $7.8 billion in commitments) and additionally manages public equity through its Stockbridge subsidiary founded in 2007. Revenue is generated primarily through management fees on committed capital and carried interest on successful exits.
Differentiator
Problem solved
Functional benefit
Brands
- Stockbridge: Berkshire Partners' public equity group, founded in 2007, that manages a concentrated portfolio seeking attractive long-term investments.
Products and services
- Berkshire Partners Private Equity Fund XI
Quantifiable outcome
- Over $1.4 billion in liquidity generated in 2025
- +4 more outcomes
Companies that use Berkshire Partners LLC
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles2 records
Berkshire Partners LLC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Berkshire Partners LLC partnerships and signals
Strategic signalScale indicators7 records
Recent moves9 records
Expansion highlights7 records
Berkshire Partners LLC competitors and assessment
Company assessmentDirect peers
- Summit Partners: Summit Partners is a Boston-based global growth equity and venture capital firm with $45B+ AUM. Sam Spirn (Berkshire MD) was previously at Summit. Direct comparable given shared growth/middle-market orientation and multi-sector coverage.
- The Vistria Group: The Vistria Group is a Chicago-based PE firm with ~$16B AUM focused on healthcare, education, and financial services. Direct co-investor alongside Berkshire in Mosai (March 2025), making it a comparable mission-driven middle-market sponsor.
- TA Associates: TA Associates is a Boston-based global growth private equity firm with $40B+ AUM investing in technology, healthcare, financial services, and consumer. Closely comparable to Berkshire in multi-sector middle-market PE strategy with similar Boston roots; Ben Levy (Berkshire MD) is a TA Associates alumnus.
- Linden Capital Partners: Linden Capital Partners is a Chicago-based PE firm focused exclusively on healthcare. Direct co-investor with Berkshire in Vital Care, comparable as a healthcare-focused middle-market sponsor and active within Berkshire's healthcare vertical.
- Leonard Green & Partners: Leonard Green & Partners is a Los Angeles-based PE firm with $75B+ AUM focused on consumer and business services. Direct co-investor with Berkshire in Vital Care Infusion Services (August 2024) and broadly comparable as a middle-market consumer/services-focused sponsor.
- Audax Group: Audax Group is a Boston-based middle-market private equity and private debt manager with $36B+ AUM, focused on buyouts and add-on acquisitions. Toni Merryweather (Berkshire VP) was previously at Audax, and the firms share a middle-market, add-on-heavy investment style.
- Advent International: Advent International is one of the largest global private equity firms with $92B+ AUM, investing across business & financial services, healthcare, industrial, retail/consumer, and TMT. Closely comparable to Berkshire in scale, multi-sector strategy, and middle-to-large market focus.
- Court Square Capital Partners: Court Square Capital Partners is a middle-market PE firm with $9.3B AUM and 40+ years of experience. Direct comparable to Berkshire given similar middle-market focus and direct co-investor relationship (co-invested alongside Berkshire in Thrive in January 2025).
Broad incumbents
- Bain Capital: Bain Capital is a Boston-based multi-strategy private investment firm managing $185B+ AUM across PE, venture, credit, and real estate. Directly comparable to Berkshire as a long-tenured multi-sector middle-market PE firm headquartered in the same city, with similarly broad sector coverage including healthcare, technology, and industrials.
Regional players
- Mason Wells: Mason Wells is a Midwest-based PE firm with $2.4B in aggregate across five funds, focused on business services and industrials. Direct co-investor alongside Berkshire in RJW Logistics (December 2024), comparable as a lower-middle-market PE firm operating in Berkshire's industrial/services sectors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Berkshire Partners LLC social profiles
Digital presenceBerkshire Partners LLC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Berkshire Partners LLC leadership team
Management profileNumber of profiles
Profiles15 records
Berkshire Partners LLC subsidiaries and ownership
Company hierarchySubsidiaries1 record
Berkshire Partners LLC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Berkshire Partners LLC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Berkshire Partners LLC
What does Berkshire Partners LLC do?
Berkshire Partners is a multi-sector private equity firm that invests in middle market businesses with strong market positions, durable business models, and attractive growth prospects, partnering with management teams to accelerate commercial growth, execute strategic M&A, enable AI adoption, and improve operations. The firm currently invests from Fund XI (closed in 2024 with approximately $7.8 billion in commitments) and additionally manages public equity through its Stockbridge subsidiary founded in 2007. Revenue is generated primarily through management fees on committed capital and carried interest on successful exits.
Is Berkshire Partners LLC a public or private company?
Berkshire Partners LLC is a private company. It is classified as management employee owned and is currently operating.
When was Berkshire Partners LLC founded?
Berkshire Partners LLC was founded in 1986.
Where is Berkshire Partners LLC based?
Berkshire Partners LLC is headquartered in Boston, United States, in the North America region.
How does Berkshire Partners LLC make money?
Three revenue lines are on record. Private Equity Management Fees are the primary driver. The others are carried Interest/Performance Fees and public Equity (Stockbridge).
Who are Berkshire Partners LLC's main competitors?
Direct peers on record are Summit Partners, The Vistria Group, TA Associates, Linden Capital Partners, Leonard Green & Partners, Audax Group, Advent International and Court Square Capital Partners. Bain Capital is listed as a broad incumbent. Mason Wells is listed as a regional player.
Does Berkshire Partners LLC have an API?
No public API is recorded for Berkshire Partners LLC.
What industry is Berkshire Partners LLC in?
Berkshire Partners LLC's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANACAO, Multi-Sector / Generalist Growth Equity. Its NAICS code is 523940 and its SIC code is 6282.