Leonard Green & Partners has held a closing of the firm’s sixth private equity investment fund, Green Equity Investors VI, L.P., substantially above target and at its hard cap of $6 billion in limited partner commitments along with $250 million from affiliates of the firm.
Investors in Fund 6 include domestic and international pension funds, sovereign wealth funds, insurance companies, foundations and family offices. Leonard Green & Partners did not use a placement agent to assist in the raising of the fund.
Leonard Green & Partners’ philosophy is to invest in middle-market companies with market-leading franchises and defensible competitive positions, attractive growth prospects and proven management teams. The firm’s investments are in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Consistent with its prior funds, sectors of focus for Fund 6 include retail, distribution, healthcare, aerospace/defense and consumer/business services.
Leonard Green & Partners was established in 1989 and manages approximately $15 billion of equity capital. The firm is located in Los Angeles, CA (www.leonardgreen.com).