Wed, May 18, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

LLR Partners closes new $1.8bn fund

Tuesday, October 20, 2020

Laxman Pai, Opalesque Asia:

Center City private equity firm LLR Partners closed a new $1.8 billion fund, aimed at investing in health care and tech companies.

Through the fund - LLR Equity Partners VI (LLR 6) - LLR Partners invests between $20 million and $100 million in each technology and health-care company in its portfolio, according to a news release from the lower middle market PE company.

Its previous fund, LLR Equity Partners V, closed at $1.2 billion in June 2018. The amount was $250 million more than LLR 4, which closed in March 2014 at $950 million.

The new fund, LLR 6, will be used to make both minority and majority investments in the company's targeted focus area - lower middle-market growth companies.

"The sector experience of our investment professionals, along with our value creation and sourcing resources, allow LLR to help companies accelerate organic and inorganic growth and become market leaders," said partner Mitchell Hollin. "Our shared objective is simple: together, we grow companies every day."

LLR currently has 43 companies in its portfolio, including six based in the Philadelphia area.

"LLR collaborates with its portfolio companies to define and then execute on strategic initiatives with a focus on increasing shareholder value," said the release.

Latham and Watkins served as legal counsel and Asante Capital Group was LLR's placement agent.

Founded in 1999 and with more than $5 billion raised across six fu......................

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. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year