Palisades Group

Palisades Group

Anders Richardson co-founded Palisades Group, a California-based private equity investor focused on enterprise software. The firm targets companies with $5M–$25M in revenue that are bootstrapped or lightly capitalized. Palisades deploys both majority and minority stakes, typically $5M–$25M per investment. It concentrates on B2B software and tech-enabled businesses across customer experience management, human capital management, next-gen security, supply chain, marketing technology, hospitality, enterprise fintech, sales technology, financial & business operations, e-commerce services, infrastructure software, PropTech, digital health, payments, and education technology. Known portfolio companies include AiCure (clinical trial data), Revenue.io (real-time sales guidance), Zeel (on-demand massage marketplace), PeachJar (school communications), and QLess (virtual queuing). Exits include Peregrine Semiconductor (acquired by Murata Manufacturing, per the firm), Omneon (acquired by Harmonic), and Language Weaver (acquired by SDL). The firm invests solely in US-headquartered companies. Palisades maintains an operating team and partner network to support portfolio companies in sales acceleration, product development, and M&A. It operates under a Fund Administration Services Agreement with Centre Partners Management, LLC, which provides finance, compliance, and IT services. The team is based in Los Angeles. The firm's structural differentiator is its flexible investment template — it has no fixed template for deal structure, allowing both primary capital increases and secondary share purchases, and it pursues both majority and minority positions. Palisades also focuses exclusively on companies with at least 25% ARR growth and those that have been bootstrapped or lightly capitalized.