– JLL Partners, a New York-based middle market private equity firm, announced the final close of JLL Partners Fund IX, L.P.
– Fund IX closed with approximately $1.4 billion in equity commitments
– The fund significantly exceeded its target and surpassed the size of its predecessor fund, which raised approximately $866 million
– The investor base includes both longstanding and new limited partners across the institutional spectrum
– Fund IX continues the firm’s long-standing strategy of:
▪️Identifying durable themes in healthcare, industrials, and business services
▪️Partnering with exceptional management teams
▪️Acquiring middle-market companies with the potential to become market leaders
– Managing Partners Dan Agroskin, Kevin Hammond, and Frank Rodriguez expressed gratitude for investor trust, highlighting the firm’s long-term performance, disciplined investment approach, and team continuity
– As the firm approaches its 40th anniversary, it aims to deploy Fund IX’s capital to support growth and transformation within its core sectors
– Fund IX has already completed four investments.
