LLR Partners, a lower middle market private equity firm, has held he final closing of LLR Equity Partners V at USD1.2 billion.
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 Systems, eLocal, Eye Health America, MedBridge, Midigator, Onapsis, PhishLabs 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,” says 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 USD15 million and USD100 million in companies with up to USD100 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, recapitalisation and buyout transactions.
Through a dedicated value creation team, portfolio and industry Collaborate events and 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 (LLR 4), closed at USD950 million in March 2014. Asante Capital Group acted as the European placement agent for LLR 5 and Latham & Watkins provided legal counsel.
