Private Equity

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Performant Capital

Performant Capital is a private equity firm based in Chicago, Illinois.

Performant Capital logo

Performant Capital

Performant Capital is a private equity firm based in Chicago, Illinois. It focuses on companies in the software and technology sectors, specifically SaaS, technology-enabled services, and data intelligence. The firm targets lower middle market companies with annual revenues between $1 million and $30 million.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Chicago

Corporate office

Chicago, IL, United States

Sector focus

Enterprise SoftwareIndustrial Tech

Frequently asked questions

How does Performant Capital source and win deals?

Performant does not publicly detail its origination channel mix. The firm's website emphasizes a buying posture built around operational partnership rather than auction aggression, suggesting a reliance on proprietary networks and founder relationships to access companies where a hands-on technical operator is valued by the seller.

Does Performant Capital operate as a fund or a deal-by-deal investor?

Performant has not disclosed a specific fund structure, vehicle naming convention, or committed capital totals in the public domain. Its website presents an institutional private equity model and an investor-login portal, which is consistent with a commingled fund structure, but the firm has not publicly detailed whether it invests from a closed-end fund or a longer-duration permanent-capital vehicle.

What does the operational team inside Performant actually do?

The firm states that its operating resources work alongside portfolio company management on execution. While Performant has not published case studies detailing interventions, its thematic focus on technical proficiency and financial efficiency suggests that operating partners are expected to contribute directly to product roadmap acceleration, engineering-process improvement, and unit-economic discipline rather than serving as passive board observers.

Which sectors will Performant explicitly avoid?

The firm's sole stated domain is software and technology companies. Its public materials contain no language about investing in healthcare services, traditional industrial manufacturing, real estate, financial services, or consumer products, and those sectors appear to fall outside the mandate the principals have set for the firm.

Who makes investment decisions at Performant Capital?

Performant Capital has not publicly named its individual investment committee members or managing partners. The firm's site describes a group of principals from private equity, technology, and entrepreneurial backgrounds acting collectively, but no biographies, names, or specific decision-rights allocations are currently available in the public domain.

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