# PSG

> PSG is a Boston-based growth equity firm focused on profitable, growth-stage software and technology-enabled services companies. Rather than hunting a single breakout startup, it backs a broad bench of specialized businesses and helps them scale through organic growth, add-on acquisitions, talent, product, go-to-market support and an expanding AI playbook. At the end of 2025, PSG reported $30 billion in assets under management and more than 165 platform investments since inception.

- **Founded:** 2014
- **Headquarters:** Boston, United States
- **Founders:** Mark Hastings (Co-founder and CEO), Peter Wilde (Co-founder and Chairman)
- **Team size:** Approximately 276 employees were reported in a March 2026 Form ADV-derived adviser profile; PSG’s LinkedIn profile lists 51-200 employees, so public counts vary by source and methodology.
- **Products:** North American growth equity funds, European growth equity funds, PSG Growth Engine, PSG Sequel, AI portfolio enablement
- **Notable:** Reported $30 billion in assets under management and more than 165 platform investments as of December 31, 2025., Invested $4.9 billion across 20 platform investments in 2025., Reported $4.1 billion realized across 45 realizations in 2025, including partial and full exits.

## Products & services

- **North American growth equity funds** — Control and minority investments in growth-stage software and technology-enabled services businesses, with PSG VI closing at $6 billion in commitments.
- **European growth equity funds** — Dedicated capital and local teams for European software investments; PSG Europe II closed with more than €2.6 billion in commitments.
- **PSG Growth Engine** — A portfolio support system spanning investment thesis work, organic growth, add-on acquisitions, go-to-market, product and technology, finance, talent and continuous improvement.
- **PSG Sequel** — A $2 billion continuation vehicle formed to extend ownership of six established portfolio companies while offering liquidity options to earlier investors.
- **AI portfolio enablement** — Investment in AI-native companies plus support for responsible AI adoption, including a strategic partnership with Mistral AI for portfolio-wide model and agentic-tool deployment.

## Achievements

- Reported $30 billion in assets under management and more than 165 platform investments as of December 31, 2025.
- Invested $4.9 billion across 20 platform investments in 2025.
- Reported $4.1 billion realized across 45 realizations in 2025, including partial and full exits.
- Raised $8 billion across PSG VI and the PSG Sequel continuation fund in 2025.
- Facilitated more than 520 add-on acquisitions by July 2025.
- Ranked number two globally in PitchBook’s 2024 manager-performance table for global PE growth and expansion funds; the ranking was published in July 2025.
- Named to Inc.’s Founder-Friendly Investors list for a fifth year in 2025; PSG disclosed that it applied and paid to participate and distribute the result.

## Latest updates

- **2026-01** — PSG’s Chris Nesbitt and Bill Skarinka appeared on GrowthCap’s 40 Under 40 Growth Investors list; PSG disclosed nomination and participation details.
- **2025-12** — PSG ended 2025 with $30 billion in assets under management, more than 165 total platform investments, $4.9 billion invested and $4.1 billion realized during the year.
- **2025-10** — PSG and Mistral AI announced a strategic partnership to expand frontier-model and agentic-AI adoption across PSG’s software portfolio; PSG also joined Mistral AI’s Series C.
- **2025-10** — PSG co-led a $225 million minority investment in financial-wellness software provider SavvyMoney with Canapi Ventures.
- **2025-07** — HeroDevs announced a $125 million strategic growth investment from PSG, with $20 million earmarked for an open-source sustainability fund.
- **2025-03** — PSG invested $280 million in governance, risk and compliance software company Protecht.
- **2025-02** — PSG closed $8 billion across its $6 billion sixth North American flagship fund and a $2 billion continuation vehicle.

## Links

- Website: https://psgequity.com/
- LinkedIn: https://www.linkedin.com/company/psgequity/
- Twitter/X: https://x.com/psg_equity
- Facebook: https://www.facebook.com/psgequity/

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Profile page: https://yespress.io/psg
Published by YesPress — https://yespress.io
Last updated: 2026-08-16