Permanent Capital is a Chicago-based private equity firm that buys and invests in software-enabled businesses with at least three years of operating history and $2 million or more in annual revenue. Founded by Joseph Shenton and Michael Gamson, the firm provides flexible capital for bootstrapped companies, venture-backed companies between funding rounds, and cap-table cleanup situations.
Deal activity increased 300% year-over-year (4 deals in the last 12 months). Average disclosed round size is $15.6M (across 11 rounds with reported amounts).
Portfolio
11
Fund Size
—
Top Stage
Seed
Last 12 Mo
3
Team
JS
Joe Shenton
Co-Founder and Managing Partner
BF
Brian Frank
Partner
JA
Jessie Abrams
Principal
SS
Sharif Siddiqui
Chief Investment Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
Top Co-Investors
Motive Partners2 shared
Index Ventures2 shared
The 81 Collection2 shared
Starting Line2 shared
Y Combinator2 shared
Lightbank2 shared
Indeed Ventures1 shared
PagsGroup1 shared
Crosslink Capital1 shared
Jump Capital1 shared
Story Ventures1 shared
Protocol Labs1 shared
SevenX Ventures1 shared
Digital Currency Group1 shared
CMT Digital1 shared
Libertus Capital1 shared
HashKey Capital1 shared
VMG Partners1 shared
TPG Biotech1 shared
PSP Growth1 shared
Last updated: 8 September 2026