Levine Leichtman racks up $2.5 bln for sixth fund

Levine Leichtman Capital Partners has closed its oversubscribed sixth fund at a hard cap of $2.5 billion, beating its $2.2 billion target.

Levine Leichtman Capital Partners Fund VI’s limited partners include leading public and private pension funds, sovereign wealth funds, endowments and foundations, insurance companies, funds-of-funds, wealth management platforms and family offices.

The Los Angeles-private equity firm invests in middle-market companies.

So far, Fund VI has closed on four investments, deploying about $552 million.

In March 2014, Levine Leichtman announced it had raised $1.65 billion for its fifth fund. Performance data on Fund V was not available.

According to the firm, Levine Leichtman has raised about $10.2 billion of institutional capital since its founding in 1984.