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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