LLR Closes Fourth PE Fund With $950M

Mar 6 2014 | 9:17am ET

Philadelphia and Arlington, VA-based private equity firm LLR Partners has staged the final closing of its LLR Equity Partners IV fund at $950 million.

LLR invests in and partners with middle-market growth companies. Since it began investing in 2013, LLR 4 has closed investments in five companies: ACRE, Cigital, iJET, Logi Analytics and Ultisat. The fund invests in a broad range of industries, including business services; consumer and education; financial services; security, defense and government services; healthcare services; and software and IT services.

“Since launching our first fund in 1999, LLR has brought a collaborative approach to working with middle market companies that have an opportunity to become leaders in their industry niches,” said LLR’s Mitchell Hollin in a statement.

LLR provides capital and guidance to growth companies led by “driven, entrepreneurial owners.” The firm employs 40 investment professionals and eight operating partners and  invests between $15 million and $100 million in companies with up to $150 million in annual revenue.

LLR will invest in minority or majority ownership positions in a variety of transactions including growth capital, recapitalizations and buyouts.  “We are looking for companies with a proven business model, a good management team, and that seek a partner to rapidly grow the business,” said Hollin.

Long-time LLR employees Todd Morrissey and David Stienes were promoted to partner in LLR 4, joining the existing senior team of Hollin, Seth Lehr, Ira Lubert, Scott Perricelli, David Reuter and Howard Ross.

Founded in 1999, LLR has raised more than $2.3 billion across four funds.


In Depth

High Time For A Cannabis Hedge Fund?

Sep 30 2014 | 7:07am ET

Launching a hedge fund is always a gamble, but Leslie Bocskor's decision to launch...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.