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Top Application Software Private Equity Funds

Explore 162 Application Software Private Equity Funds that source acquisition and investment opportunities on Axial’s M&A platform.

Axial Insights

Application Software Private Equity Funds

162

Active Firms

9,651

TTM Deal Inquiries

$4M-$20M

Core Revenue Range

$1M-$4M

Core EBITDA Range


Florida 15%
California 12%
Texas 10%
New York 7%
New Jersey 4%

Focus: Control Investments | Capital Source: Committed Capital | Operating Approach: Scale & Exit

Showing 21-40 of 162 Private Equity Funds

Sorted by recent activity

Alvarez & Marsal Securities

1 Closed Deal via Axial 12 Total Closed Deals
Alvarez & Marsal Capital (“AMC”) is a multi-strategy private equity investment firm with over $3 billion in assets under management across four funds and three investment strategies. Our firm is led by a highly experienced investment team, which is augmented by our strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally focused advisory firms in the world. AMC combines a focus on middle-market private equity investing, with deep operational expertise, industry knowledge, and global corporate relationships of A&M, making us an attractive partner to…

Recent Transactions

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  • Aug 2023 Invested in Allied Universal
  • Aug 2023 Invested in Carton Pack
  • Aug 2023 Invested in Ayesa
  • Aug 2023 Invested in AirLife

Ninth Street Capital Partners

1 Closed Deal via Axial 9 Total Closed Deals
Ninth Street Capital Partners is a private investment partnership that specializes in acquiring, developing and managing established businesses. With a focus on executing deals with the highest degree of integrity, we make long-term controlling investments in growth-oriented, privately held businesses with revenues ranging from $5 to $50 million. Our flexible approach allows us to tailor our investments to help entrepreneurs and business owners achieve their personal and financial goals.

Recent Transactions

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  • Sep 2019 Acquired Undislosed
  • Jun 2015 Invested in Premium Inspection & Testing
  • Mar 2014 Invested in Kitchen Cabinet Distributors
  • May 2013 Acquired SCADA Source, LLC

Gemini Investors

136 Total Closed Deals Actively Sourcing Deals
Founded in 1993, Gemini Investors is a Massachusetts-based private equity firm that provides capital and strategic resources to lower middle market companies. Since its inception, we have invested approximately $1 Billion in more than 185 companies throughout the U.S., typically investing $3 – $8 million per transaction in either control or minority positions. Gemini offers a flexible investment approach. We provide a wide range of financing structures, which include subordinated debt with warrants, preferred stock, and common equity. We have extensive experience leading transactions, as…

Recent Transactions

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  • Sep 2025 Acquired Party Reflections
  • May 2025 Acquired Honey Smoked Fish
  • May 2025 Acquired Gold Coast Baking Company
  • Feb 2025 Acquired Spectro-UV

Forsyth Partners

94 Total Closed Deals Actively Sourcing Deals
BW Forsyth Partners is a private investment firm located in St. Louis, Missouri. Our approach differs from those typically utilized by other investment or private equity firms in that Forsyth Partners is a long-term investor (we do not exit our investments) looking to build strong companies through operational focus, an active acquisition effort and, most importantly, a focus on the best interests of all stakeholders of its portfolio companies. Forsyth partners directly with businesses in an effort to develop sustainable performance over the long-term, promote a people-centric culture, and…

Recent Transactions

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  • Sep 2023 Invested in WalkerHughes
  • Aug 2023 Invested in Afinitas
  • Mar 2023 Invested in Cor Partners
  • Jan 2021 Invested in Machine Solutions Inc.

LNC Partners

69 Total Closed Deals Actively Sourcing Deals
LNC Partners is a relationship-driven private equity firm based in Arlington, Virginia, focused on investing in lower middle-market companies across the United States. Founded in 2012, the firm manages over $1 billion in capital and frequently serves as the first institutional partner to founder- and management-led businesses.LNC provides customized and flexible capital solutions that can combine equity and debt, enabling the firm to structure investments that align with the needs of each business and management team. LNC’s flexible approach allows it to invest in either control or minority…

Recent Transactions

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  • May 2026 Acquired Confidential Company
  • Dec 2025 Invested in Bennie Health, Inc.
  • Nov 2025 Acquired General Insurance Agency
  • Oct 2025 Acquired Nevarez Insurance

VSS Capital Partners

66 Total Closed Deals Actively Sourcing Deals
VSS is a leading private equity investment firm that invests in the healthcare, business services and education industries.• 30+ years of experience and have managed over $4B in aggregate capital commitments across 8 funds• Investments in 102 portfolio companies, with over 600 add-on acquisitions• VSS invests in businesses that are well-positioned for sustainable growth• Flexible capital solutions, from debt to equity, for a wide range of corporate and shareholder uses• Assists company management teams, boards and financial sponsors in effective strategic initiatives• Leverages…

Recent Transactions

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  • Oct 2025 Acquired Granite Trade Services
  • Dec 2024 Acquired Lumenci
  • Oct 2024 Invested in Lane Four
  • Oct 2024 Acquired Treya

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CIVC Partners

55 Total Closed Deals Actively Sourcing Deals
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in business services sectors. Since 1989, the team has invested over $1.9 billion and currently invests from CIVC Partners Fund VII. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.

Recent Transactions

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  • Aug 2024 Acquired Renu
  • Feb 2024 Acquired Highstreet IT Solutions
  • Jan 2024 Acquired HR Green
  • Jan 2024 Acquired Datavail

Hammond Kennedy Whitney & Company

44 Total Closed Deals Actively Sourcing Deals
HKW is evolving with clarity and purpose, while honoring the vision of the firm’s founders and our 100 plus year history. We focus on specific sectors in which we can utilize our skills and perspective, leveraging technology as part of a data-driven methodology to power our “Four Pillar” structure. HKW has developed processes that support our strategy to find, create, and sustain value in our companies while trusting and appreciating that our approach is what sets us apart.

Recent Transactions

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  • Jan 2023 Acquired CMIT Solutions
  • Dec 2022 Acquired dominKnow
  • Sep 2022 Acquired Golden Country Oriental Food
  • Mar 2022 Invested in Draup

Nexphase Capital

42 Total Closed Deals Actively Sourcing Deals
NPC is a thematic and operationally-focused private equity firm that partners with founder-owned companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the ‘Next Phase’. NPC specializes in three distinct sectors: Consumer, Healthcare, and Software & Services. NexPhase was formed in 2016 by the former principals of Moelis Capital Partners.

Recent Transactions

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  • Oct 2025 Invested in Always Best Care
  • Jul 2025 Invested in Magic Science
  • Jul 2025 Invested in Empower Community Care
  • Apr 2025 Invested in Behavior Frontiers

The Brydon Group

38 Total Closed Deals Actively Sourcing Deals
The Brydon Group is a veteran-led $500M+ private equity fund focused on acquiring recurring revenue small businesses with $1-$5M EBITDA. To date we've closed 39 transactions. We are an ideal solution for owners looking to transition their legacy to the next generation of small business owner as we bring in one of our industry-focused entrepreneurs-in-residence as CEO.We have a focus on software and B2B, government, & healthcare services.Investor team consists of Alex Mears (two decades in large cap private equity at Blackstone and Carlyle and five years in Special…

Recent Transactions

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  • Jan 2026 Acquired Confidential Company
  • Dec 2025 Acquired Confidential Company
  • Dec 2025 Acquired Confidential Company
  • Dec 2025 Acquired Confidential Company

Renovus Capital Partners

36 Total Closed Deals Actively Sourcing Deals
Founded in 2010, Renovus Capital Partners is a private equity firm specializing in the Knowledge and Talent industries. Renovus, based in the Philadelphia area, manages over $1 billion across three sector focused PE funds and one generalist strategy (RCap). The firm’s current portfolio includes over 25 U.S. based businesses specializing in education and training, B2B healthcare services, technology services and professional services. Renovus typically partners with founder-led businesses, leveraging its industry expertise and access to debt and equity capital to make operational…

Recent Transactions

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  • Aug 2023 Acquired quiktrak
  • Aug 2023 Acquired Modality Solutions
  • Jul 2023 Acquired Procomputing
  • Jun 2023 Acquired Oakbrook Solutions

Fulcrum Equity Partners

32 Total Closed Deals Actively Sourcing Deals
Fulcrum Equity Partners is an Atlanta-based growth equity firm focused on providing expansion capital to rapidly growing companies. We have been successfully investing in high growth businesses since 2000. The senior team all has significant operating experience in companies of the size and type in which we invest that had successful exits. We have been involved in over 400 transactions and know how to position businesses to be attractive acquisition candidates. Additionally, our investor base includes 100 current and former CEOs. In short, we look to investment in businesses where we can…

Recent Transactions

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  • Aug 2016 Acquired CarePlus
  • May 2016 Invested in iHealth
  • Jan 2016 Invested in QASymphony
  • Nov 2015 Invested in Phish Labs

Argosy PE Investments, LLC

32 Total Closed Deals Actively Sourcing Deals
Founded in 1990, Argosy Capital invests entrepreneurial capital with experienced business partners in two asset classes, lower middle market operating companies and real estate. Our focus is on creating value with our business partners by investing in inefficient markets where creativity, hard work and disciplined risk taking can generate exceptional returns for the benefit of all stakeholders. As partners with our investors, co-investors, operating company management teams and real estate operating partners, we are dedicated to creating value by building upon the strengths of the people,…

Recent Transactions

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  • Aug 2023 Acquired Barco Products
  • May 2023 Acquired Diverse Logistics & Distribution, Inc.
  • Apr 2023 Acquired Burco, Inc.
  • Nov 2022 Acquired Best Warehousing & Transportation, Inc.

Capitala Financial Advisors, LLC

26 Total Closed Deals Actively Sourcing Deals
Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses and strives to make an impact through responsible investing and a unified mission to support social impact initiatives. We seek to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success.

Recent Transactions

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  • Jan 2025 Provided debt financing to Newbury Franklin Industrials
  • Dec 2024 Provided debt financing to The Stonewall Group
  • Oct 2024 Invested in Stueve Construction, LLC
  • Sep 2024 Acquired Better Car People

Tonka Bay Equity Partners

24 Total Closed Deals Actively Sourcing Deals
Tonka Bay Equity Partners acquires and invests in small and midsized companies that are pursuing the next level of success. Our patient, personalized and collaborative approach has yielded superior returns for investors and management partners alike.Since 1998, Tonka Bay has raised more than $550 million of capital in four funds, composed of contributions from institutional investors, endowments, pensions, family offices and high-net-worth individuals. We seek to partner with and support management teams in established, profitable businesses that serve a specific niche. We do not consider…

Recent Transactions

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  • Jan 2023 Acquired Corporate Technologies
  • Jan 2022 Acquired Standard Locknut
  • Jan 2021 Acquired Professional
  • Jan 2021 Acquired Orange Tree

Century Park Capital Partners

24 Total Closed Deals Actively Sourcing Deals
CENTURY PARK CAPITAL PARTNERS is a middle market private equity investment group with capabilities to provide equity capital for growth, shareholder liquidiity or both. We typically invest $10 million to $40 million in profitable, growing middle-market companies with revenues ranging from $20 million to $100 million. We can make larger investments with the participation of our institutional limited partners. We are relationship-driven, long-term investors, partnering with owners and management to build industry-leading companies. We do not intrude in day to day operations, but rather seek to…

Recent Transactions

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  • Aug 2023 Acquired Packaging Plus LLC
  • Aug 2023 Acquired Becker Underwood Inc.
  • Aug 2023 Acquired Hi-Tech Rubber Inc.
  • Aug 2023 Acquired Aqua-Flo LLC

Granite Creek Capital Partners

23 Total Closed Deals Actively Sourcing Deals
Granite Creek manages SBIC funds providing flexible debt and equity capital to lower middle market companies. Target check sizes are $15mm to $25mm (with flexibility to scale to $50mm+ with partners) with a focus on targets with $4mm to $12mm of EBITDA. We partner with management teams to help grow their businesses and be their institutional capital partner, even when we are in a minority position. We also partner with independent sponsors. Our capital is flexible and we can invest in a wide variety of debt (senior, subordinated, mezzanine) and equity securities (preferred, common, other) to…

Recent Transactions

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  • Jan 2026 Invested in Confidential Company
  • Dec 2025 Acquired Confidential Company
  • Nov 2024 Acquired Ritchie Industries
  • Sep 2024 Acquired Global Animal Products

Kainos Capital

22 Total Closed Deals Actively Sourcing Deals
Kainos Capital, a middle market private equity firm focused on the food and consumer sector, was recently formed by Andrew Rosen, Robert Sperry and Sarah Ashmore Bradley. The Kainos Partners have invested and collaborated together in the food and consumer space over the past 20 years and their deep industry knowledge is complimented by an experienced team of investment professionals.The Kainos Team has extensive investment and operating experience in the industry, having invested more than $2 billion of equity in more than 52 transactions in the food and consumer sector with a total…

Recent Transactions

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  • Aug 2023 Acquired Good2Grow
  • Feb 2023 Invested in CellCore
  • Jan 2023 Acquired Evriholder
  • Aug 2021 Acquired Muenster Milling Company

SBJ Capital

19 Total Closed Deals Actively Sourcing Deals
SBJ Capital is a multi-strategy private investment firm with $600mm under management that provides flexible capital solutions to founder and family-owned businesses. SBJ offers companies control and non-control investment solutions, including debt and equity, across the consumer, healthcare, technology and business services industries. SBJ provides operational resources, strategic advice, and a partnership-oriented approach to help businesses achieve their full potential. SBJ was founded by an experienced team of professionals with a track record of helping grow companies as…

Recent Transactions

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  • May 2026 Acquired 3B International
  • Dec 2024 Acquired Simon Pearce
  • Feb 2023 Acquired Rishi Tea
  • Jan 2023 Acquired Sydnic

GreyLion

19 Total Closed Deals Actively Sourcing Deals
GreyLion focuses on investing in high-growth businesses in the lower middle market. We seek to partner with existing owners and management teams across the Industrial, Healthcare, Software and Services sectors to deliver capital in tailored and flexible minority and control structures. GreyLion invests $25-$125 million of capital per investment, primarily within the United States. We currently manage private equity funds with aggregate commitments of $1.9 billion.

Recent Transactions

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  • Jul 2024 Acquired Birdseye Security
  • Aug 2022 Acquired 360 Training
  • Aug 2022 Acquired Trifecta Collective
  • Aug 2021 Acquired Norwood Sawmills

Frequently Asked Questions

How are Private Equity Funds in this directory ordered?

Firms in the Application Software Private Equity Funds directory are ordered based on recent deal activity on Axial. The default order reflects observed market signals rather than a subjective ranking of firm quality.

What information is included in each Private Equity Fund profile?

Each profile provides information about the firm’s areas of focus, transaction criteria, and relevant activity on Axial’s M&A platform. Together, these details provide a clearer view of where a firm is active and the types of companies and opportunities most relevant for it.

What company sizes are most common for Application Software Private Equity Funds?

Based on activity on Axial’s M&A platform, the core revenue range for Application Software Private Equity Funds is $4M-$20M, with a core EBITDA range of $1M-$4M. Company size can be an important indicator of fit, as firms often concentrate their experience, resources, and transaction activity within particular segments of the market.

How important is Technology experience when evaluating Private Equity Funds?

Relevant Technology experience can be an important consideration when evaluating a firm. Familiarity with the sector can provide a stronger understanding of its business models, market dynamics, valuation considerations, and transaction environment. The 162 firms included in this directory provide a starting point for identifying firms with relevant experience and activity in Technology.

Do all Private Equity Funds in this directory focus exclusively on Technology?

Not necessarily. Many firms are active across multiple industries, so inclusion in the Application Software Private Equity Funds directory reflects relevant experience or activity in Technology, rather than an exclusive sector focus. Individual profiles provide additional context on each firm’s areas of focus and activity within the sector.

How do I compare Private Equity Funds with experience in Technology?

When comparing Private Equity Funds with experience in Technology, consider factors such as size range, geographic reach, and recent transaction activity. These characteristics vary across the 162 firms included in the directory and can help identify firms that align with your needs.

How do I connect with Application Software Private Equity Funds?

Axial can help you identify and connect with firms based on your objectives and what you are looking to accomplish. The process varies depending on your role and transaction needs. If you are interested in connecting with firms in the Application Software Private Equity Funds directory, you can request information here.


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