June 04, 2019
Diversis Capital Management, LP (“Diversis”), an operationally focused private equity firm making growth-oriented investments primarily in software companies, has announced the final closing of its inaugural fund, Diversis Capital Partners I, L.P., at its hard cap with aggregate capital commitments of US$255 million, surpassing its target of US$200 million just six months from launch.
Latham & Watkins LLP represented Diversis in the transaction with an investment funds team led by partner Matthew Chase, with associate John Welling. Partner Gregory Hannibal, with associate Valentin Riazanov advised on tax matters. All lawyers are based in the firm’s New York office, with the exception of Mr. Riazanov, who is based in Washington, D.C.