Leonard Green & Partners Closes Above Target

Leonard Green & Partners has closed its sixth private equity investment fund, Green Equity Investors VI. GEI VI exceeded its original target, closing at its hard cap of $6 billion in limited partner commitments along with $250 million from affiliates of LGP.

PRESS RELEASE

Leonard Green & Partners, L.P. (“LGP”) today announced the closing of the firm’s sixth private equity investment fund, Green Equity Investors VI, L.P. (“GEI VI”). GEI VI substantially exceeded its original target, closing at its hard cap of $6 billion in limited partner commitments along with $250 million from affiliates of LGP.

Investors in GEI VI include a diverse group of domestic and international pension funds, sovereign wealth funds, insurance companies, foundations and family offices. LGP engaged no intermediary to assist in the raising of the Fund.

LGP’s philosophy is to invest in middle-market companies with market-leading franchises and defensible competitive positions, attractive growth prospects and proven management teams. LGP’s investments have been in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Consistent with its prior funds, sectors of focus for GEI VI include retail, distribution, healthcare, aerospace/defense and consumer/business services.

Based in Los Angeles, California, LGP was founded in 1989 and has raised over $15 billion of private equity capital. The investment activities of LGP are led by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff.

SOURCE: Leonard Green & Partners, L.P.

Related Posts

Leave a Reply

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget