J.F. Lehman Hits Hard Cap

J.F. Lehman & Company has held a final closing of its fifth fund with $1.35 billion of capital. Initially targeting $1.0 billion, JFL Equity Investors V LP, was oversubscribed and closed at its hard cap.

Limited partners in the new fund include both new and existing investors such as public and private pensions, insurance companies, financial institutions, endowments, foundations, family offices and high-net-worth individuals from across the US and Europe.

“We greatly appreciate the strong support for both our organization and established investment strategy,” said Louis Mintz, a partner at J.F. Lehman. “We are thankful that market participants recognized and valued the experience and cohesiveness of our team, the strength of our reputation and performance built over three decades of exclusive sector focus and our demonstrated investment discipline.”

J.F. Lehman is a middle-market private equity firm focused primarily on the aerospace, defense, maritime, government and environmental industries. Companies of interest have EBITDA of $10 million to $50 million and are headquartered in North America or the United Kingdom.

Last March, J.F. Lehman acquired Global Marine Group, a provider of marine engineering services including subsea cable maintenance and installation. The company owns and operates a fleet of specialized marine equipment, including three cable installation and repair vessels, four cable maintenance vessels, and 19 crew transfer vessels.

J.F. Lehman is headquartered in New York with an additional office in Washington DC. The firm was founded in 1992 by Dr. John Lehman, who served six years as Secretary of the United States Navy.

J.F. Lehman engaged Credit Suisse Securities as its placement agent for this fundraise and Jones Day provided legal services.

Private Equity Professional | July 24, 2020

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