FUNDRAISING NEWS | November 21, 2024
Middle-market private equity firm Levine Leichtman Capital Partners (LLCP) has closed a $575M continuation fund designed to take equity positions in and provide additional growth capital to three LLCP Lower Middle Market Fund II (LMM II) portfolio companies.
LLCP LMM Acquisition Fund is a multi-asset continuation vehicle that will acquire interests in retirement plan solutions firm Blue Ridge Associates, industrial and automotive components provider Milton Industries, and legal specialty consulting firm Resolution Economics. Upon completion of the transaction, LMM II will be fully realized and deliver full liquidity to existing investors.
Hamilton Lane acted as lead investor, supported by a syndicate of institutional investors. Robert W. Baird & Co. acted as financial advisor and Kirkland & Ellis LLP as legal advisor for LLCP in the fundraiser. LLCP said it has managed $15.2B in assets across 15 funds that have invested in over 100 companies and currently oversees $9B in AUM.
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