Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The company said it reached the $675M in commitments just three months after its formal launch. The new fund will primarily in businesses based in North America, and selectively in Europe and Australia, and is focused on focused control private equity investments in lower middle-market companies. The new fund is led by Managing Partners Ron Nayot and Kevin Ma. Diversis has been active in the technology industry, having recently made investments in Adlib Software, a provider of content intelligence and contract analytics software; RFi Group, a provider of data to the global financial services industry; Black Box Intelligence, a provider of data for the restaurant industry, and Performance Designed Products, LLC, a developer of video game accessories and peripherals. The company also previously owned ArrowStream, a cloud-based provider of end-to-end supply chain management software for the foodservice industry, which it sold in December of 2020.