Fri, Oct 23, 2020
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Family office focused L Squared closes Fund III at $500m

Friday, September 25, 2020

Laxman Pai, Opalesque Asia:

L Squared Capital, a California growth investor launched by a pair of Chicago Growth Partners execs, has closed its oversubscribed third fund, L Squared Capital Partners III LLC, with just over $500 million of capital.

Family offices make up the vast majority of Fund III's capital commitments. With the closing of Fund III, the firm has achieved $1 billion in assets under management. The previous fund raised $325 million in 2018.

The firm makes long-term investments in leading growth companies in the areas of education technology, tech-enabled services and software, and industrial technology and services.

The Fund III effort, completed in the middle of the Covid-19 pandemic, was largely driven by the firm's existing investors, L Squared said in a statement today. However, L Squared also added several new high-quality limited partners to its investor base.

"We are incredibly appreciative of the tremendous support provided to us by our existing investors during this time of uncertainty," said Jeff Farrero, a managing partner at L Squared. "This allowed us to complete the fundraising quickly so that we can keep our focus on quality investing."

With its first two funds, L Squared completed 10 platform investments and has closed 26 add-on transactions, said the private equity firm. All of these investments have been made within the Firm's sectors of focus including education technology, tech-enabled services & software, and indust......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Coronavirus triggers borrowing spree by private equity managers, Venture capital investments reach new high in Brazil, Private-equity giants are racing to sell assets before year-end[more]

    Coronavirus triggers borrowing spree by private equity managers From FT: Private equity managers are turning to specialist borrowing facilities to ensure their highly leveraged strategies can survive the coronavirus pandemic, but there are growing concerns that the use of these complex f

  2. What's behind Viking's strong gains[more]

    From Institutional Investor: Viking Global Investors had strong performance in its three main funds in the third quarter, bringing gains for the year into the mid-to-upper teens. The Tiger Cub hedge fund firm, co-founded by O. Andreas Halvorsen, is far outperforming the broad-market averages a

  3. PE/VC: A record number of private equity funds are in the market - but closing them won't be easy, PE firms must be prepared to face challenges across each fund vintage, Wall Street is helping private equity recycle its old assets[more]

    A record number of private equity funds are in the market - but closing them won't be easy From Institutional Investor: Although there are a record number of private equity funds in the market, they are raising money at a slower pace, delaying fund closes, according to new data from Pre

  4. Franklin Templeton creates new unit with QS Investors[more]

    Laxman Pai, Opalesque Asia: Franklin Templeton will combine recently acquired QS Investors, a Legg Mason subsidiary, with Franklin Templeton Multiasset Solutions (FTMAS) business into a single consolidated unit. Effective Oct. 1, the combined business, called Franklin Templeton Investment Sol

  5. Opalesque Exclusive: A.W. Jones emerging manager fund of funds passes three year milestone, up +12.61% through August[more]

    Bailey McCann, Opalesque New York for New Managers: An emerging manager fund of funds from A.W. Jones has just passed its three-year milestone and is outperforming so far this year. The fund was up 3.29% in August a