Levine Leichtman Capital Partners closes second Europe fund with EUR463m in capital commitments
Levine Leichtman Capital Partners (LLCP) has held the final closing of Levine Leichtman Capital Partners Europe II SCSp (Europe II) with EUR463 million in capital commitments.
Europe II received strong support from a prestigious group of institutional investors, including pension funds, insurance companies, banks, family offices and foundations. Europe II has already completed one investment and has two additional investments under contract.
LLCP has been investing in Europe since the opening of its London office in 2011, expanding its presence with the addition of offices in The Hague in 2015 and Stockholm in 2019. LLCP's first Europe-focused fund, Levine Leichtman Capital Partners Europe, LP, closed in 2015 with EUR100 million of capital commitments and has made four investments.
"We are excited to close our second Europe fund with commitments from returning and new limited partners," says Michael Weinberg, a Managing Partner of LLCP. "The very positive response to the fund is a testament to the success of our first Europe Fund and the differentiated investment strategy we implement on a global basis. It also reflects the strength of our European team, which is supported by the broad resources and expertise of our entire firm."
John O'Neill, Head of European Fund Investments at LLCP, says: "Our firm is very enthusiastic about the investment environment across Europe. Over the past several years we have established offices in key European markets and recruited outstanding investment professionals, positioning our firm to capitalise on a range of attractive opportunities."
Wouter Snoeijers, a Managing Director of LLCP, adds: "In the coming years we expect to continue building our European origination and investment operations, reflecting our commitment to supporting industry leading middle-market companies in this important market."