Littlejohn Closes Fund VI

Littlejohn & Co. has held a final closing of Littlejohn Fund VI LP with $2.84 billion of committed capital, exceeding the fund’s target of $2.5 billion.  The firm’s previous fund, Littlejohn Fund V LP, with $2.0 billion of committed capital, had a final close in July 2014.

Littlejohn makes control and non-control investments in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth.  The firm invests from $50 million to $150 million of equity in middle-market companies that have annual revenues of $100 million to $800 million.  Littlejohn invests across a range of industries and acquires manufacturers, distributors, and service providers.

“We are grateful to both our existing and new investors for the trust they place in Littlejohn to invest their capital,” said Michael Klein, Chief Executive Officer and co-Founder of Littlejohn. “We plan to continue to execute on Littlejohn’s strategy of partnering with management to transform businesses via investments in equity and special situations in a broad range of middle market companies. Our operational focus and distressed investment skills are strong differentiators for us in the marketplace.”

Since 1996, Littlejohn has focused on the fundamental opportunities and challenges faced by companies in the middle market.  As an investor in private equity and special situations, the firm has deep experience and a long history of investing in a broad range of businesses.  Littlejohn has successfully partnered with business leaders and stakeholders to make good companies better, to carve out operating divisions of large corporations, and to turn around companies facing operating or financial stress.

Kirkland & Ellis (www.kirkland.com) provided legal services to Littlejohn on this fundraise.

Littlejohn, with 43 investment professionals, is headquartered in Greenwich, CT (www.littlejohnllc.com).

© 2018 Private Equity Professional | November 20, 2018

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