Emergence turned an unfashionably narrow bet on cloud software into a durable venture franchise. Now its $1 billion seventh fund is testing whether the same low-volume, high-touch playbook can find the defining companies of the AI workplace.
For 40-plus years, DFW Capital Partners has made its money on the companies nobody puts on a magazine cover - fleet washers, infusion clinics, surgical centers - and turned quiet cash flow into a $2 billion track record.