Sample report · strategy

Competitor Intelligence Report

A real edition, 27 pages, generated from the live graph on September 29, 2026 for the brief below.

Download the sample PDF Order one for your brief, $2,500

The brief

Profile our closest competitors in lower and core middle market software buyouts, the five closest in most depth: funds raised, platforms bought, add-ons, lenders used and team since 2024, and what changed this quarter.

competitors profiled

platforms and add-ons since 2024

with a fund active since 2024

dated changes in Q3 2026

The top five, as printed

Ranked on the deals they closed, never on what they say

#	Competitor	Fit	Software share	Platforms	Add-ons	Funds	Lenders	Newest deal
1	Banneker Partners LLC	84	69%	6	14	4	4	2026-04-22
2	Volpi Capital	76.3	80%	3	7	4	1	2026-04-14
3	Rubicon Technology Management L.L.C.	72.5	100%	2	0	8	8	2026-06-16
4	Axcel Management A/s	65.8	47%	8	1	5	0	2026-06-02
5	Clearhaven Partners LP	65.1	80%	2	1	2	0	2026-08-18

What was refused

169 firms screened out, with reasons

Generalists: software under 30% of the firm's sector-known holdings (Thompson Street, Mill Point, Gallant)
Growth and venture investors: control evidenced on under a quarter of holdings and their own growth or venture wording
Too little software on the record: one or two software holdings, under the floor of three
Outside the segment: large cap, upper middle market, stated EBITDA floor of $25M or more, or no deal since 2024

What DFX cannot see, stated

The limitations are printed, not buried

The size band is DFX's reading of Form ADV private equity gross assets, not deal size, so both the lower middle market and middle market bands are read.
Software focus is read from the sector of each firm's observed holdings over its history; many deals carry no industry tag.
Fund amounts stay under their own names (announced close, Form D sold, Form D offering, Form ADV gross assets); none is dry powder.
People are counted, never named; dated joins and departures come from Form ADV Schedule A through 2024, so recent moves may be missing.

Payment up front. If the report is not useful for your stage, sector or market when delivered, DFX refunds it in full. Order the same report for your brief: Competitor Intelligence Report, $2,500.

Every report has a sample

50 Best Investors for This Opportunity 38 pages
50 Best Lenders for This Financing 38 pages
50 Best Acquirers for This Company 26 pages
50 Best Allocators for This Fund 35 pages
50 Best Family Offices 38 pages
50 Best RIA Acquirers 46 pages
50 Best Advisor Recruiting Targets 45 pages
50 Best Real Estate Capital Sources 37 pages
Top 100 Acquisition Targets 49 pages
Portfolio Risk Report 28 pages
Market Opportunity Report 76 pages
Fundraising Intelligence Report 92 pages
Real Estate Capital Map 32 pages
Custom Anomaly Expedition 33 pages

Competitor Intelligence Report

Competitor

Fit

Software share

Platforms

Add-ons

Funds

Lenders

Newest deal

Banneker Partners LLC

69%

2026-04-22

Volpi Capital

76.3

80%

2026-04-14

Rubicon Technology Management L.L.C.

72.5

100%

2026-06-16

Axcel Management A/s

65.8

47%

2026-06-02

Clearhaven Partners LP

65.1

80%

2026-08-18

169 firms screened out, with reasons

Generalists: software under 30% of the firm's sector-known holdings (Thompson Street, Mill Point, Gallant)

Growth and venture investors: control evidenced on under a quarter of holdings and their own growth or venture wording

Too little software on the record: one or two software holdings, under the floor of three

Outside the segment: large cap, upper middle market, stated EBITDA floor of $25M or more, or no deal since 2024

The limitations are printed, not buried

The size band is DFX's reading of Form ADV private equity gross assets, not deal size, so both the lower middle market and middle market bands are read.

Software focus is read from the sector of each firm's observed holdings over its history; many deals carry no industry tag.

Fund amounts stay under their own names (announced close, Form D sold, Form D offering, Form ADV gross assets); none is dry powder.

People are counted, never named; dated joins and departures come from Form ADV Schedule A through 2024, so recent moves may be missing.

Competitor Intelligence Report

Ranked on the deals they closed, never on what they say?How fit is scoredFit is activity: platforms and add-ons since 2024 (35%), software share of observed holdings (25%), recency of the newest deal (15%), a fund filed, closed or first reported since 2024 (15%) and lenders on the record (10%).

169 firms screened out, with reasons

The limitations are printed, not buried

Competitor Intelligence Report

Ranked on the deals they closed, never on what they say?How fit is scoredFit is activity: platforms and add-ons since 2024 (35%), software share of observed holdings (25%), recency of the newest deal (15%), a fund filed, closed or first reported since 2024 (15%) and lenders on the record (10%).

169 firms screened out, with reasons

The limitations are printed, not buried

Ranked on the deals they closed, never on what they say

Ranked on the deals they closed, never on what they say