– Levine Leichtman Capital Partners (LLCP) closed a $575 million multi-asset continuation fund transaction.
– The newly formed LLCP LMM Acquisition Fund, L.P. acquired interests in three portfolio companies: Blue Ridge Associates, Milton Industries, Inc. and Resolution Economics.
– The assets were acquired from LLCP Lower Middle Market Fund, L.P. (LMM II).
– Hamilton Lane acted as lead investor supported by a syndicate of institutional investors.
– Transaction provides additional time and capital to support the growth potential of the portfolio companies. Offers liquidity options to LMM II investors.
– Fully realizes the LMM II fund upon completion.
– Mike Weinberg, Managing Partner and Andrew Schwartz, Partner, at LLCP highlighted Hamilton Lane’s support and their optimism for the portfolio companies’ futures. Expressed pride in delivering full liquidity to LMM II investors while realizing the fund.
– Ryan Smith, Managing Director, Secondary Investment Team at Hamilton Lane stated excitement about supporting the growth of high-quality LLCP portfolio companies. Emphasized Hamilton Lane’s strategic value in delivering scalable and effective solutions for GPs and LPs.
– Robert W. Baird & Co. served as exclusive financial advisor to LLCP. Kirkland & Ellis, LLP provided legal counsel to LLCP.
