Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has closed LLCP Fund VII with capital commitments exceeding $3.6 billion, surpassing its target. The fund received strong support from both existing and new institutional investors, even in a challenging fundraising environment.
In the last 24 months, LLCP has raised over $4 billion, including significant co-investment capital. The firm’s success is attributed to its unique investment strategy, impressive returns across investment cycles, and strong exit activity.
Over the past three years, LLCP has completed over $4.6 billion in successful transactions, including sales of Encore Fire Protection, Tropical Smoothie Cafe, Law Business Research, and Hand & Stone.
Fund VII will continue LLCP’s strategy of investing in leading middle-market businesses, with a focus on sectors such as franchising, business services, education, and engineered products. The fund has completed several platform investments, including All4, Schülerhilfe, and USA Water, with a fourth expected to close this month.
Fund VII is nearly 1.5 times the size of LLCP’s prior flagship fund, which raised $2.5 billion in 2018.
KEY QUOTES:
“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. The global investment community recognizes LLCP’s ability to generate substantial deployment and realization volume for our limited partners in the current market environment.”
Matthew Frankel, Managing Partner at LLCP
“We are grateful for the continued support and confidence we received from our returning and new limited partners. LLCP’s continued success reflects our team’s ability to source attractive investment opportunities, partner with talented management teams and build great companies. We look forward to continuing our 41-year track record of success through varying economic environments.”
Michael Weinberg, Managing Partner at LLCP
