– LLCP, a Los Angeles-based private equity firm, closed LLCP Fund VII with over $3.6 billion in capital commitments, exceeding its target.
– The fund was significantly oversubscribed, despite a highly challenging fundraising environment.
– Strong backing came from existing investors and a diverse group of new institutional investors.
– LLCP raised over $4 billion across its platform in the past 24 months, including substantial co-investment capital.
– Fundraising success attributed to:
▪️A differentiated, uncorrelated investment strategy
▪️Consistent, strong returns through multiple investment cycles
▪️Exit activity outperforming the broader market
▪️Strong deal deployment in well-aligned sectors
– Matthew Frankel, Managing Partner: “We are extremely pleased with the immense support for Fund VII, which reflects considerable trust and strong conviction in LLCP’s proven strategy and team.”
– Mike Weinberg, Managing Partner: “We are grateful for the continued support and confidence we received from our returning and new limited partner.”
– LLCP has completed $4.6 billion in realizations over the past three years, including exits from:
▪️Encore Fire Protection
▪️Tropical Smoothie Cafe
▪️Law Business Research
▪️Hand & Stone
– Fund VII continues LLCP’s focus on middle market, market-leading businesses, particularly in:
▪️Franchising
▪️Business services
▪️Education & training
▪️Engineered products
– Completed platform investments so far include:
▪️All4
▪️Schülerhilfe
▪️USA Water
▪️Fourth platform investment expected to close this month
– Fund VII is nearly 1.5x the size of LLCP Fund VI, which closed in 2018 with $2.5 billion.
