Littlejohn & Co LLC said Nov. 20 that its latest fund closed on $2.84 billion. The firm’s prior fund raised $2 billion in 2014.
GREENWICH, CT – November 20, 2018 — Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, today announced the successful final closing of Littlejohn Fund VI, L.P. with $2.84 billion of committed capital, exceeding the fund’s target of $2.5 billion. The firm’s previous fund, Littlejohn Fund V, L.P., with $2.0 billion of committed capital, was raised in 2014.
Michael Klein, Chief Executive Officer and co-Founder of Littlejohn, commented on the fundraise, “We are grateful to both our existing and new investors for the trust they place in Littlejohn to invest their capital. We plan to continue to execute on Littlejohn’s strategy of partnering with management to transform businesses via investments in equity and special situations in a broad range of middle market companies. Our operational focus and distressed investment skills are strong differentiators for us in the marketplace.”
Since 1996, Littlejohn has focused on the fundamental opportunities and challenges faced by companies in the middle market. As an investor in private equity and special situations, the firm has deep experience and a long history of investing in a broad range of businesses. Littlejohn has successfully partnered with business leaders and stakeholders to make good companies better, to carve out operating divisions of large corporations, and to turn around companies facing operating or financial stress.
Littlejohn has 43 investment professionals who have built a collaborative, stable and high-performance culture for over two decades. Littlejohn invests in middle market companies with annual revenues typically between $100 million and $800 million, and generally invests $50 to $150 million of equity in its private equity investments. Littlejohn’s complementary special situations investment strategy takes positions in the securities of stressed and distressed middle market companies. The firm invests across a broad range of industries and acquires manufacturers, distributors, and service providers.
Legal advice was provided by Kirkland and Ellis LLP.
About Littlejohn & Co. LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. The Firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit http://www.littlejohnllc.com.