Leonard Green & Partners has closed the firm’s seventh private equity fund, Green Equity Investors VII, LP, with committed capital of $9.6 billion.
The new fund exceeded its target and closed at its hard cap of $9.1 billion in third-party investor commitments along with a $500 million commitment from the partners of Leonard Green. Leonard Green’s prior fund, Green Equity Investors VI, LP, closed in 2012 with committed capital of $6.25 billion.
“We are excited that our investor base has continued to expand globally, with limited partners in our latest fund spanning 18 countries. Investors include a diverse group of pension funds, sovereign wealth funds, insurance companies, foundations, endowments, family offices, and financial institutions,” said Erika Spitzer, Principal and Head of Investor Relations.
Leonard Green invests in middle-market companies in the retail, distribution, healthcare, aerospace/defense, and consumer/business services sectors. The firm will invest in a variety of situations including traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs, and public equity and debt.
The investment activities of Leonard Green are led by twelve partners, including Managing Partners John Danhakl and Jonathan Sokoloff and Senior Partners John Baumer and Jonathan Seiffer. The firm was founded in 1989 and is headquartered in Los Angeles (www.leonardgreen.com).
No placement agent was used by Leonard Green to raise the new fund. Gibson. Dunn & Crutcher (www.gibsondunn.com) served as fund counsel.
© 2016 Private Equity Professional • 6-10-16
