Permanent Equity GP

CandidateSEC exempt reporting adviser· Columbia, Missouripermanentequity.com

Permanent Equity is a private equity firm that uses 30-year committed capital to invest in family-owned companies that care what happens next. The firm is based in Missouri, and invests in American companies with $3M to $25M in annual free cash flow.

In the firm's own words, from its website.

Reported fund assets
$315M
the adviser's own Form ADV total
New companies, 12 mo
None
Investment team
9
Latest vintage
2019
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (11)Team (15)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

12 additional team members, 8 additional investments, funds and LPs, 5 events, 12 verified contacts (8 professional url, 3 published business email, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 2 departures
    people, 12 months

    A team member departed (seen on or before 30 Sep 2026, the day it happened is not on record). 2 departures on record in 12 months.

    A partner leaving or arriving changes who decides, and who a founder or LP should call.

    InferenceVenture organization websites (about, team, portfolio, thesis, news pages)For Founders, LPs, recruitersTeam →

People to know

View all people
  • Tim Hanson
    President & CIO
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Emily Holdman
    Managing Director
    Why: Managing director
    No route on file yet
  • Brent Beshore
    Owner
    Why: Named with investment responsibility
    Profile

Relationship network

29 connected entities

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Permanent Equity GP: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Permanent Equity GP

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

11 companies on record, 0 new in 12 months
Investments on record
11 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Ace Fenceportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Blue Square Manufacturingportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Brian’s Cabinetsportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
11 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate no observed dealsfollow-on rate no observed dealsnew companies, 12 months 0

Team

15 current, 2 departed
Decision makers
who to call first, and why; then everyone else by function
  • Tim Hanson · President & CIO
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Emily Holdman · Managing Director
    Why this person: Managing director; Named with investment responsibility
  • Brent Beshore · Owner
    Why this person: Named with investment responsibility; Confirmed current on the firm's own site 2026-10-01
    LinkedIn or profile link on file (firm website, their bio on the firm's website), confirmed 2026-10-01, confidence 90%

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. 1 with a route on file. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
15 current, 2 departed
2 departed (kept with end dates)
  • Alex Maples · Director of Health · ? to Sep 30, 2026 Inference
  • Anthony Alphin · Director of Shared Services · ? to Sep 30, 2026 Inference
Contacts
3 published business email, 1 firm phone, 8 professional url

3 published business email, 1 firm phone, 8 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

3 vehicles, 0 LPs disclosed
Funds and vehicles
3 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Permanent Equity II, LPFund · ADV: Private Equity Fund2019 form d first saleMature$165M
Aug 19, 2020
53$128M
of $275M
Dec 11, 2019
Permanent Equity II Parallel Fund, LPFeeder or parallel · ADV: Private Equity Fund2019 form d first saleMature$100M
Aug 19, 2020
2$100M
of $100M
Dec 13, 2019
Permanent Equity I, LPFund · ADV: Private Equity Fund2017 form d first saleHarvest$50.0M
Aug 19, 2020
38$47.1M
of $50.0M
Mar 13, 2018
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

0 co-investors · on 1 other DFX graph
Co-investors
0 counted from shared deals, for the whole firm
No co-investor relationship yet: these are derived only from rounds and portfolio listings the graph has seen both investors on.
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on Private Equity, matched by identifier. See which records
Across the graphs

Permanent Equity GP is the same institution as 1 record in Private Equity.

Private Equity1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

10 dated events, 26 observations from 2 sources
Timeline
10 dated events
  1. seen on or beforeSep 30, 2026
    Anthony Alphin (Director of Shared Services) no longer on the team page of Permanent Equity GP
    Person leftPeopleInferenceAnthony AlphinFirm website
  2. seen on or beforeSep 30, 2026
    Alex Maples (Director of Health) no longer on the team page of Permanent Equity GP
    Person leftPeopleInferenceAlex MaplesFirm website
  3. Mar 30, 2020
    Permanent Equity II, LP first reported on Form ADV by Adventur.es GP LLC (Private Equity Fund), GAV $164,650,000
    Fund first reported on Form ADVFundsFactPermanent Equity II, LPForm ADV
  4. Mar 30, 2020
    Permanent Equity II Parallel Fund, LP first reported on Form ADV by Adventur.es GP LLC (Private Equity Fund), GAV $100,100,000
    Fund first reported on Form ADVFundsFactPermanent Equity II Parallel Fund, LPForm ADV
  5. Aug 1, 2019
    Mark Brooks joined Schedule A of Adventur.es GP LLC as Managing Director
    Person joinedPeopleFactMark BrooksForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Aug 19, 2020 · 3 private fundsShow
Headquarters
Columbia, MOadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
permanentequity.com
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Aug 19, 2020
Private funds reported
3 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$315Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Solution Holdings, LLC (Owner), owns 75% or more
Classification history
Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Candidate (candidate, 50%)
    No sworn venture fact yet (name or round mention only)
Evidence
31 observations from 2 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeExempt reporting adviserAug 19, 2020FactForm ADV
First Form ADV filing2019-03-21Aug 19, 2020FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2020-08-19Aug 19, 2020FactForm ADV
Venture share of reported funds0Aug 19, 2020FactForm ADV
Business phoneAug 19, 2020FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
HeadquartersColumbia, MOAug 19, 2020FactForm ADV
Office addressAug 19, 2020FactForm ADV
Legal formLimited Liability CompanyAug 19, 2020FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported3Aug 19, 2020FactForm ADV
Private fund gross assets (reported)$315MAug 19, 2020FactForm ADV
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported0Aug 19, 2020FactForm ADV
WebsiteSep 12, 2026FactForm ADV
WebsiteAug 19, 2020FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersCandidate, candidateShow
Importance
14
low
Active deployment
0
low
Emerging
0
low
Freshness
92
high
CandidateSEC exempt reporting adviser

No sworn venture fact yet (name or round mention only)

The inputs behind each score
importance
gav: $0 · funds: 0 · people: 0.4 · investments: 0.39 · scale basis: Venture-typed funds only (Candidate): 0 funds, $0M of $315M reported · co investors: 0
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 3 · reported gav: $315M · first adv filing: 2019-03-21 · years since first filing: 7.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2019-03-21source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.