JLL Partners Raises Over $686 Million For Eighth Flagship Fund

By Amit Chowdhry ● November 26, 2019
  • Private equity firm JLL Partners has raised more than $686 million for its eighth flagship fund, according to an SEC filing

JLL Partners — a private equity firm that focuses on leveraged buyouts and leveraged recapitalizations of middle-market companies — has raised $686 million for its eighth flagship fund called JLL Partners Fund VIII, L.P., according to an SEC filing.

Launched in 1988, JPP Partners has managed nearly $5 billion in committed capital since then. And JLL seeks to make control equity investments by extricating “good companies from complicated situations and bad balance sheets, our by building strong companies in partnership with exceptional managers.”

The executives at JPP Partners include managing director Gerard Van Spaendonck, managing director Mark Adamson, managing director Paul S. Levy, managing director Frank Rodriguez, managing director Kevin T. Hammond, managing director Daniel Agroskin, managing director Eugene Hahn, principal Derrick Preston, principal Brooks Powlen, vice president Daniel Di Piazza, vice president Vikas Mouli, and vice president Ritika Gawande.

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“Where others see complexity, we see opportunity. JLL seeks to add value and insight by sharing our financial and operational expertise with fundamentally strong companies experiencing regulatory, operational or financial difficulties that prevent them from taking advantage of favorable, long-term, secular growth trends in their industry,” says the JLL homepage about its investment strategy. “Over the last quarter of a century, JLL has maintained a consistent, value-oriented investment strategy, focused on building strong companies in partnership with exceptional managers.”

The senior investment team at the company has worked together for 18 years on average. And JLL’s investment team is complemented by a team of in-house operating partners with over 50 years of combined experience and a dedicated capital markets professional who is responsible for coordinating and overseeing the myriad of debt needs of JLL’s portfolio companies.

Some of JLL’s portfolio companies include Point Blank Enterprises, Patheon, Pioneer Landscape Centers, Pioneer, Loar Group, and Aviation Technical Services.

Featured photo credit: JLL Partners