THL Partners, a premier private equity firm investing in middle-market growth companies, has announced the final close of THL Equity Fund X with $6.35 billion in investable capital. The fund received strong support from a diverse group of existing and new investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, and family offices across North America, Latin America, Europe, Asia, Australia, and the Middle East.
Fund X will continue THL’s longstanding strategy of investing in middle-market companies across its three core industry verticals: Financial Technology and Services, Healthcare, and Technology and Business Solutions. Since its founding in 1974, THL has managed or deployed more than $50 billion of equity capital, worked with more than 175 portfolio companies globally, and completed more than 700 add-on acquisitions representing an aggregate enterprise value of more than $260 billion.
THL’s investment approach centers on its Identified Sector Opportunity strategy, which targets subsectors where the firm has developed deep domain expertise, strong industry relationships, and differentiated sourcing capabilities. That approach is paired with the firm’s Strategic Resource Group, a team of experienced operators who work directly alongside portfolio company management teams to develop and execute value creation plans. The ISO process is designed to surface investment opportunities that might not be visible to generalist investors but offer compelling risk-adjusted return potential within subsectors where THL has accumulated proprietary knowledge over decades of investing.
Co-CEO Todd Abbrecht described THL’s focused strategy as built on deep sector expertise and operational engagement, positioning the firm well to partner with management teams and drive sustainable growth and long-term value creation. Co-CEO Scott Sperling expressed gratitude for the continued support of long-standing limited partners and highlighted the value of the long-term partnerships that enable collaboration across the firm’s platform. The fundraise reflects continued investor confidence in THL’s differentiated investment strategy at a time when fundraising conditions in private equity have been more challenging across the industry.
The successful close of Fund X at $6.35 billion positions THL among the most active middle-market private equity platforms in its target sectors, with the capital base and sector expertise to pursue a meaningful volume of new platform investments and add-on acquisitions over the fund’s deployment period.
KEY QUOTES:
“We believe our focused strategy, built on deep sector expertise and operational engagement, positions us well to partner with management teams and drive sustainable growth and long-term value creation.”
Todd Abbrecht, Co-Chief Executive Officer, THL Partners
“We are grateful for the continued support of our long-standing limited partners and are also pleased to welcome new investors to Fund X. We value the strength of our long-term partnerships and the collaboration they enable across our platform.”
Scott Sperling, Co-Chief Executive Officer, THL Partners
