– LLR Partners, a lower middle market private equity firm, has closed LLR Equity Partners VII, L.P. (LLR 7) at $2.45 billion.
– The fund includes significant capital commitments from LLR’s partners and employees.
– LLR’s previous fund, LLR 6, closed in October 2020 at $1.8 billion.
– LLR 7 continues the firm’s 25-year focus on investing in lower middle market growth companies.
– The fund targets investments in the technology and healthcare sectors.
– LLR 7 will make both majority and minority equity investments, supporting growth, recapitalizations, and buyouts.
– The firm has over 100 professionals, a dedicated value creation team, and Senior Operating Advisors.
– “We thank our investors for their partnership and confidence in LLR’s investment strategy,” said Partner Mitchell Hollin. “We greatly value our Limited Partners, with the entire LLR team striving every day to deliver for them.”
– LLR uses a thesis-driven investment strategy and tech-enabled sourcing.
– LLR 7 has already invested in five companies: Keeps, Nonstop Health, Soltis Investment Advisors, Suvoda, and TurboTenant.
– “Our thesis-driven investment approach, tech-enabled origination and extensive value creation resources put LLR in prime position to help our companies accelerate growth and become market leaders,” said Jason Jerista, Managing Director, Investor Relations.
– Capital commitments came from a global base of returning and new investors.
– Asante Capital Group served as placement agent; Latham & Watkins acted as legal counsel.
