Lee Equity Partners, a middle-market private equity firm, announced the final closing of Lee Equity Partners Fund IV, L.P. Fund IV was oversubscribed and, including the General Partner commitment, achieved its hard cap with total capital commitments of about $1.3 billion, which was well above the $1 billion target.
Fund IV features a diverse group of global investors, including family offices, private and public pensions, funds of funds, sovereign wealth funds, and insurance companies.
Fund IV also continues the firm’s nearly two-decade history of investing in and partnering with middle-market and growth-oriented companies. It will also continue Lee Equity’s strategy of partnering with founders, entrepreneurs, and management teams to build leading companies in the financial and healthcare services sectors.
Evercore Private Funds Group acted as the global placement agent, and Weil, Gotshal & Manges acted as the legal advisor.
KEY QUOTES:
“In a challenging fundraising environment, we are incredibly grateful for the support of both our existing partners and a diverse group of new limited partners. The strong demand for Fund IV is a testament to the strength of our platform and the sector expertise of our team. We believe that our thesis development and proactive deal sourcing allows us to find proprietary opportunities early in the private equity life cycle, which has historically delivered long-term capital appreciation to our investors and management partners.”
– Partner Mark Gormley
“We have completed four platform investments in Fund IV and continue to see compelling opportunities in our areas of focus in the financial and healthcare services sectors. We will continue to leverage our team, network of advisors and industry relationships to help our businesses achieve transformational growth through investments in people, processes, technologies and strategic acquisitions.”
– Partner Danny Rodriguez
