PSG Equity L.L.C.
Private equity with venture activity, based in Boston, Massachusetts, reporting $27B of fund assets across 42 funds.
Composed from this organization's classification, location and filed figures.
2 additional team members, 2 additional co-investors and affiliates, 14 additional investments, funds and LPs, 1 verified contact (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
- 2 roundsled by Ronen Nir
Ronen Nir leads the most rounds on record: 2 rounds, latest NoTraffic Series C (24 Mar 2026).
The partner who leads is the one to reach; the rest of the team follows a lead partner's call.
People to know
View all people- Managing DirectorWhy: Managing directorNo route on file yet
- Sole MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
20 connected entities2 observed roundsrounds 2026
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.
- Sponsor
- Company
- Capital provider
- Fund or vehicle
- Person
›How strength and recency are read
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 PSG Equity L.L.C.: 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 PSG Equity L.L.C.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
2 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| NoTraffic | Series C · Series C | lead | Ronen Nir (confirmed) | $90.0M | unknown | Mar 24, 2026 | Fact Press release |
| Guidde | Funding round | lead | Ronen Nir (confirmed) | $50.0M | unknown | Feb 25, 2026 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, space, devtools, cybersecurity, b2b
- Stages
- growth
- Geography
- europe, uk
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
5 current, 0 departed
Decision makers
- Ronen Nir · Managing DirectorWhy this person: Managing director; Named with investment responsibility; Led 2 rounds on record
Who else at this firm · 1 person, grouped by function
- Aaron William Fine · General Counsel & Chief Compliance Officer Of Psg Equity L.L.C.Why this person: General Counsel & Chief Compliance Officer Of Psg Equity L.L.C. at the firm
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. 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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Director · led 2 rounds on record
- Sole Member
- General Counsel & Chief Compliance Officer Of Psg Equity L.L.C.
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
3 vehicles, 6 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| PSG Europe III S.C.Sp | Fund | 2026 lp reported | Early deployment | unknown | unknown | unknown | unknown |
| PSG VI L.P. | Fund · ADV: Private Equity Fund | 2023 form d first sale | Active deployment | $2.6B Mar 28, 2024 | 88 | $5.0B | Jul 18, 2024 |
| PSG Europe II, L.P | Fund | 2023 lp reported | Active deployment | unknown | unknown | unknown | unknown |
Limited partners
- 2026-06-263 commitments to 3 funds · $250M disclosed
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| California Public Employees' Retirement System | STATE RETIREMENT SYSTEM | PSG VI L.P. | $250M committed | reported as of Dec 31, 2025 | Fact Pension disclosure |
| New York State Common Retirement Fund | PUBLIC INSTITUTIONAL POOL | PSG VI L.P. | $250M committed | committed Aug 11, 2023 | Fact Pension disclosure |
| Washington State Investment Board | PUBLIC INSTITUTIONAL POOL | PSG Europe II, L.P | $200M committed | committed Dec 13, 2023 | Fact Pension disclosure |
Relationships across DFX
4 co-investors · on 4 other DFX graphs
Co-investors
- 2026-03-241 shared deal · one time · this firm led 1
- 2026-03-241 shared deal · one time · this firm led 1
- 2026-03-241 shared deal · one time · this firm led 1
Across DFX and the capital chainon 4 other DFX graphs · 22 capital paths ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Allocators, Private Equity, Independent Sponsors, RIA and Wealth, matched by identifier. See which records
PSG Equity L.L.C. is the same institution as 4 records in Allocators, Private Equity, Independent Sponsors and RIA and Wealth.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
PSG Equity L.L.C. sits on 22 traced paths of capital across the graphs.
DFX traced 22 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
4 dated events, 38 observations from 3 sources
Timeline
- Jun 30, 2025Mass PRIM lists PSG Equity L.L.C. among its private equity managersLP commitment disclosedLPsFactMassachusetts Pension Reserves Investment Management BoardPension disclosure
- Jun 2, 2025Illinois TRS lists Providence Strategic Growth Capital Partners among its private equity managersLP commitment disclosedLPsFactTeachers' Retirement System of the State of IllinoisPension disclosure
- Mar 28, 2024PSG VI L.P. first reported on Form ADV by PSG Equity L.L.C. (Private Equity Fund), GAV $2,562,429,563
- Oct 16, 2020Providence Strategic Growth Capital Partners L.L.C. first filed Form ADV (IA)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 28, 2024 · 42 private fundsShowHide
- Headquarters
- Boston, MAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- PSGEQUITY.COM
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 42 (0 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $27Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $27Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 269
- Owners on Schedule A
- PSG Intermediate Holdings L.L.C. (Sole Member Of Psg Equity L.L.C.), owns 75% or more; PSG Ultimate Holdings L.L.C. (Sole Member), owns 75% or more; POW Psg L.L.C. (Managing Member), owns 50% to 75%
Classification history
Classification history
Every classification this record has carried1 on recordShowHide
- Sep 13, 2026Private equity with venture activity (candidate, 50%)No venture fund on Form ADV; public LPs book its vehicles as Growth Equity
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| SEC adviser type | Registered investment adviser | Mar 28, 2024 | Fact | Form ADV |
| First Form ADV filing | 2020-10-16 | Mar 28, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 13, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-28 | Mar 28, 2024 | Fact | Form ADV |
| Venture share of reported funds | 0 | Mar 28, 2024 | Fact | Form ADV |
| Business phone | Mar 28, 2024 | Fact | Form ADV | |
| Contact page url | Sep 16, 2026 | Fact | ||
| Employees | 269 | Mar 28, 2024 | Fact | Form ADV |
| Headquarters | Boston, MA | Mar 28, 2024 | Fact | Form ADV |
| Lp strategy label | Growth Equity | Sep 13, 2026 | Fact | Pension disclosure |
| Office address | Mar 28, 2024 | Fact | Form ADV | |
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 42 | Mar 28, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $27B | Mar 28, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $27B | Mar 28, 2024 | Fact | Form ADV |
| Stated geography | Europe, UK “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Europe, UK “geography words on the home page” | Sep 15, 2026 | Fact | |
| Stated sectors | AI, enterprise software, space, devtools, cybersecurity, B2B “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, enterprise software, space, devtools, cybersecurity, B2B “sector words on the home page” | Sep 15, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | growth “stage words on the home page” | Sep 15, 2026 | Fact | |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 0 | Mar 28, 2024 | Fact | Form ADV |
| Website | Mar 28, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersPrivate equity with venture activity, candidateShowHide
No venture fund on Form ADV; public LPs book its vehicles as Growth Equity
- importance
- gav: 0 · funds: 0 · people: 0.08 · investments: 0.11 · scale basis: Venture-typed funds only (Private equity with venture activity): 0 funds, $0M of $26.6B reported · co investors: 0.24
- active deployment
- investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-03-24
- emerging manager
- fund count: 3 · reported gav: $27B · first adv filing: 2020-10-16 · years since first filing: 6
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 29.9confidence 80%Why: stage fit; activity
- score 29.9confidence 80%Why: stage fit; activity
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- LP commitment disclosed2025-06-30source on record
- LP commitment disclosed2025-06-02source on record
- Adviser's first ADV filing2020-10-16source 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.