FUNDRAISING NEWS | January 03, 2025
JLL Partners reported raising $364.6M through year-end 2024 for its ninth flagship fund, securing commitments from 21 investors.
In an SEC filing dated December 31, 2024, the middle market-focused private equity firm said it launched the sale of JLL Partners Fund IX on November 15, 2024, with Houlihan Lokey Capital and JP Morgan Securities assisting in marketing the fund in the US and abroad. The firm estimates $11M for placement agent commissions related to the fundraising, which is ongoing.
Fund IX's predecessor, JLL Partners Fund VIII, closed in 2021 after raising $857M in total from 81 investors. Since its inception in 1988 and through its eight flagship funds, JLL Partners has committed more than $5.8B of equity across various sectors, including healthcare, specialty industrials and business services.
