L Squared Capital Partners Closes Fifth Fund at $2.0 Billion Hard Cap

– L Squared Capital Partners closed Fund V at $2.0 billion, reaching its hard cap and becoming significantly oversubscribed

– Total cumulative capital raised by the firm now stands at approximately $5.3 billion

– Fund V more than doubles the size of Fund IV, which closed at $840 million in 2023

– Strong support from existing investors combined with selective onboarding of global institutional partners

– Investor base includes pension funds, family offices, insurance companies, sovereign wealth funds, and international institutions across Asia and Europe

– Rob Healy highlighted strong backing from existing partners, disciplined investor selection, and consistency of strategy across market cycles

– Eric Deyle emphasized the exceptional speed, scale, and market confidence in the fundraise

– The firm is led by four Managing Partners: Rob Healy, Sean Barrette, Randall Hunt, and Adam Kimura, with nearly 20 years of collaboration and a stable team built over 12 years

– Proven buy-and-build strategy with 70 add-on acquisitions across 23 platform investments to date

– Fund V will target 9–10 new platform investments supported by add-on acquisitions and a long-term ownership approach

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