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Growth Equity

Peppertree Capital

Peppertree Capital takes minority stakes in growing companies, usually without full control, from United States. It states a focus on software & internet and construction.

Capital raised$4.4bnacross 19 SEC-filed vehicles
Most recent fund2024filing since 2014
HeadquartersUnited States
Stated fund size$8.0 billion

Stated investment criteria

What Peppertree Capital says it buys

Read from Peppertree Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Transaction typesGrowth, Distressed1
Founded20041

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Nothing here is a commitment by Peppertree Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Peppertree Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed19
Total capital raised$4.4bn
Largest single vehicle$1.2bn
Filing history2014 to 2024
Smallest accepted commitment$50k
Filed fromOHIO

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Peppertree Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$7.9bn
Employees495
Private funds advised18 · $7.8bn gross
SEC adviser numberCRD 323946

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.