PSG Equity, a Boston-based growth equity firm, has recently secured more than $4.7 billion (€4.4 billion) across two new investment vehicles. These funds include its sixth North American flagship fund and a European fund, both aimed at backing software and technology-enabled businesses. This significant capital raise underscores PSG's continued focus on its strategy of investing in a broad range of specialized software companies, rather than chasing single "unicorns."
The firm's investment approach emphasizes supporting growth-stage companies with established product-market fit, providing capital and operational assistance to scale. PSG aims to transform these businesses into durable middle-market platforms through organic growth and strategic add-on acquisitions. This strategy has led to over 520 add-on acquisitions facilitated by PSG by July 2025, demonstrating its expertise in integrating businesses to expand customer bases or geographical reach.
By the end of 2025, PSG managed $30 billion in assets and had made more than 165 platform investments. The firm's co-founders, Mark Hastings (CEO) and Peter Wilde (Chairman), have steered PSG to become a substantial player in the growth equity space, positioning it between traditional venture capital and large-scale private equity. This recent fundraise further solidifies PSG's capacity to continue its investment strategy across North America and Europe.
