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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......................

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