LLR Fund V raises $1.2 bln

LLR Partners said June 13 that its latest flagship fund closed on $1.2 billion. LLR Equity Partners V LP invests in sectors including education, fintech, healthcare, security and software. LLR’s prior fund raised $950 million in March 2014. Asante Capital Group acted as the European placement agent for LLR 5, while Latham & Watkins provided legal counsel.


LLR Partners Closes $1.2 Billion Fund


PHILADELPHIA— June 13, 2018 —LLR Partners, a lower middle market private equity firm, announces the final closing of LLR Equity Partners V, L.P. (“LLR 5”) at $1.2 billion.


“LLR thanks its legacy and new investors for their support of our investment strategy and team,” said partner Mitchell Hollin.


The fund builds on LLR’s 19-year history of investing in and partnering with lower middle market growth companies. LLR 5 began investing in 2017 and has closed investments in eight companies: 3SI Security SystemseLocalEye Health America,MedBridgeMidigatorOnapsisPhishLabs and Professional Capital Services.


“With our focus on select industries and our innovative approach to sourcing investments, we see compelling companies seeking a partner to help them grow their businesses to the next level,” said Hollin. “Our collaborative and flexible investment approach has remained consistent since LLR’s founding in 1999.  More than ever, we leverage the collective expertise of our multi-disciplinary team, portfolio executives and extensive third-party network to help create value for our companies.”


LLR 5 focuses on targeted industries – education, fintech, healthcare, security and software – investing between $15 million and $100 million in companies with up to $100 million in annual revenue. With more than 50 LLR professionals and a number of experienced executives engaged as Senior Operating Advisors, LLR 5 will invest in minority or majority equity positions through growth capital, recapitalization and buyout transactions.


Through a dedicated value creation team, portfolio and industry Collaborate eventsand original GrowthBits content, LLR can also provide guidance and resources in all operating and financial functions of a growth business, including strategy, human capital, finance, sales and marketing, M&A and exit planning.


Predecessor fund, LLR Equity Partners IV, L.P. (“LLR 4”), closed at $950 million in March 2014. Asante Capital Group acted as the European placement agent for LLR 5 and Latham & Watkins provided legal counsel.


About LLR Partners

LLR Partners is a lower middle market private equity firm committed to creating long-term value by growing our portfolio companies. We invest in select industries, with a focus on technology and services businesses. Founded in 1999 and with more than $3.5 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR and advice for scaling growth companies, visit our new website at www.llrpartners.com.