LLR Partners closes sixth fund at USD1.8bn

LLR Partners, a lower middle market private equity firm, has held the final closing of LLR Equity Partners VI (LLR 6) at USD1.8 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,” says 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 USD25 million and USD100 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, recapitalisations 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,” says 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.