LLR Partners closed its sixth fund on $1.8 billion, including the GP commitment. Fund VI will continue focusing on investments in technology and healthcare.
LLR Partners, a lower middle market private equity firm, announces the final closing of LLR Equity Partners VI, L.P. (together with its affiliated investment funds, “LLR 6”) at $1.8 billion, inclusive of the General Partner’s commitment.
“LLR appreciates the support from our legacy investors and the opportunity to build long-lasting relationships with several new domestic and international investors,” said partner Mitchell Hollin.
LLR 6 continues the firm’s 21-year history of investing in and partnering with lower middle market growth companies. Similar to its predecessor, LLR 6 will focus on the technology and healthcare sectors, typically investing between $25 million and $100 million in companies. With more than 70 professionals and a group of experienced executives engaged as Senior Operating Advisors, LLR 6 will invest in minority and majority equity positions, providing capital for growth, recapitalizations and buyouts.
“The sector experience of our investment professionals, along with our value creation and sourcing resources, allow LLR to help companies accelerate organic and inorganic growth and become market leaders,” said Hollin. “Our shared objective is simple: together, we grow companies every day.”
LLR collaborates with its portfolio companies to define and then execute on strategic initiatives with a focus on increasing shareholder value. Through the firm’s value creation team, virtual and in-person Collaborate forums and GrowthBits content, LLR helps its portfolio companies’ management teams achieve their growth objectives. As a United Nations Principles for Responsible Investment signatory, LLR considers environmental, social and governance factors when investing and is committed to diversity, equity and inclusion at the firm and its portfolio companies.
Asante Capital Group acted as placement agent and Latham & Watkins provided legal counsel for LLR 6.
About LLR Partners
LLR Partners is a lower middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to define high-impact growth initiatives, turn them into action and create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. For more information about LLR and insights on accelerating growth, visit www.llrpartners.com.