# Serent Capital

> Serent Capital is a growth-focused private equity firm that backs founder-led B2B software and technology-enabled services companies - often ones that never raised a dollar of venture capital. Founded in 2008 by Kevin Frick and David Kennedy, the firm pairs capital with a 25-plus person operating team and a network of more than 1,000 software leaders, and now manages over $7 billion after closing an oversubscribed $1.3 billion Fund VI in 2026.

- **Founded:** 2008
- **Headquarters:** San Francisco, California, United States (with an office in Austin, Texas)
- **Founders:** Kevin Frick (Co-Founder & CEO), David Kennedy (Co-Founder)
- **Team size:** ~120 employees (including a 25+ person Growth/operating team)
- **Products:** Growth Equity & Buyout Capital, Serent Growth Team, Product & AI Innovation, Payments & Embedded Finance, M&A and Recruiting Support
- **Notable:** Grew from a $250M debut fund in 2008 to more than $7B in assets under management, Closed an oversubscribed $1.3B Fund VI in 2026 - the largest in firm history, Raised more than $5B in total capital commitments across six funds

## Products & services

- **Growth Equity & Buyout Capital** — Strategic capital for founder-led B2B software and tech-enabled services companies through buyouts, recapitalizations and growth equity - offering founders liquidity while keeping them in the driver's seat.
- **Serent Growth Team** — A 25-plus person in-house operating team providing hands-on support in go-to-market, talent, operations, data analytics and strategic initiatives.
- **Product & AI Innovation** — Dedicated support for product and AI, with 30+ AI products launched or in development across the portfolio.
- **Payments & Embedded Finance** — Expertise helping vertical software companies add payment integration and embedded finance to grow recurring revenue.
- **M&A and Recruiting Support** — Strategic M&A sourcing and integration plus senior executive recruiting and org design for portfolio companies.
- **Founder & Operator Network** — A curated network of 1,000+ software leaders and 400+ founders and operating executives who share playbooks and advice.

## Achievements

- Grew from a $250M debut fund in 2008 to more than $7B in assets under management
- Closed an oversubscribed $1.3B Fund VI in 2026 - the largest in firm history
- Raised more than $5B in total capital commitments across six funds
- Partnered with 150+ platform investments and add-ons and 75+ platform companies
- Notable exits include MeridianLink, Modern Campus, CallRevu and MinuteKey
- Launched or is developing 30+ AI products across its portfolio

## Latest updates

- **2026-07** — Closed an oversubscribed $1.3 billion Fund VI, the largest fundraise in firm history, bringing total commitments to more than $5 billion.
- **2025-10** — Exited CallRevu, the firm's most recent portfolio exit.
- **2025-12** — Published a 2025 Year in Review highlighting portfolio growth and 30+ AI products across the portfolio.

## Links

- Website: https://serentcapital.com
- LinkedIn: https://www.linkedin.com/company/serent-capital
- Twitter/X: https://twitter.com/serentcapital

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