PeakEquity Hires LLR's Reger for Enterprise Software Slot

May 12 2017 | 9:32pm ET

Private equity company PeakEquity Partners has hired former LLR Partners enterprise software specialist Justin Reger as principal.

In his new role, Reger will be responsible for originating, evaluating and managing investments in enterprise software and solutions companies, the company said in a statement. 

He brings nearly 20 years of business experience to his new post, with the last eleven focused on private equity in the technology sector. He spent nine years at LLR Partners, where he was responsible for leading the firm’s enterprise application software practice, and was previously with Citigroup, where he advised private equity firms on leveraged buyouts. He began his career with PricewaterhouseCoopers, where he led advisory engagements around M&A transactions and forensic investigations.

The hiring comes a few months after Peak Equity raised $137 million for its inaugural buyout fund, which closed in mid-February. The new fund will specialize in majority buyouts and minority recapitalizations of enterprise software and solutions businesses.

“With the recent final closing of PeakEquity Partners I, we are thrilled to welcome Justin to the PeakEquity team,” said PeakEquity co-founder and partner Greg Case. “He brings over a decade of software investing experience and many years of working with high growth technology businesses that will accelerate our ability to invest in and support leading enterprise software companies.”

Based near Philadelphia, PA, PeakEquity was founded in 2014 by former Apax Partners executive Greg Case and technology industry veteran Paul Winn. Partner Ric Andersen, formerly a managing director at Silver Lake Partners, joined the firm in 2015. The company makes minority or control investments of $15-$50 million into companies with addressable markets of at least $1 billion. 

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