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Laxman Pai, Opalesque Asia:

New York-based private equity firm Leeds Equity announced the final close for Leeds Equity Partners VII with total commitments of over $1.4 billion.

Leeds Equity, which was founded in 1993 and focuses on investments within the Knowledge Industries said in a press release that Leeds VII is comprised of $1.33 billion of commitments from third party limited partners and $80 million of commitments from the general partner and its affiliates.

The Fund had an initial target of $1 billion, which was increased with the support of limited partners over its hard cap to accommodate significant investor demand, it said.

The Firm pursues investments across both its buyout fund strategy, Leeds Equity Partners, and its growth equity fund strategy, Leeds Illuminate, which was launched in 2020. Leeds VII brings Leeds Equity's capital commitments across its funds to over $4 billion.

Jeffrey T. Leeds, Partner of the firm said: "Virtually all Leeds VI investors committed to Leeds VII, and we are delighted to welcome new limited partners from the United States, Canada, Europe, Asia, and MENA." Added Leeds, "Our investors are, in fact, our partners, and we look forward to continuing to work together as we deploy Leeds VII."

"The successful fundraise for Leeds VII is a result of the commitment the Firm maintains to partnering with the highest quality companies and management teams and our shared mission to deliver best-in-class outcomes," said......................

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