LLR Partners, a Philadelphia, PA-based lower middle-market private equity firm that invests in healthcare and technology startup companies, today announced the final closing of its $1.8 billion for its sixth fund, LLR Equity Partners VI, L.P.
Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations, and buyouts. The firm said it will use the proceeds from LLR 6 fund to continue the firm’s 21-year history of investing in and partnering with lower middle-market growth companies.
“Similar to its predecessor, LLR 6 will focus on the technology and healthcare sectors, typically investing between $25 million and $100 million in companies. With more than 70 professionals and a group of experienced executives engaged as Senior Operating Advisors, LLR 6 will invest in minority and majority equity positions, providing capital for growth, recapitalizations, and buyouts,” LLR said in a public release.
“LLR appreciates the support from our legacy investors and the opportunity to build long-lasting relationships with several new domestic and international investors,” said partner Mitchell Hollin.
“The sector experience of our investment professionals, along with our value creation and sourcing resources, allow LLR to help companies accelerate organic and inorganic growth and become market leaders,” said Hollin. “Our shared objective is simple: together, we grow companies every day.”
LLR collaborates with its portfolio companies to define and then execute on strategic initiatives with a focus on increasing shareholder value. Through the firm’s value creation team, virtual and in-person Collaborate forums, and GrowthBits content, LLR helps its portfolio companies’ management teams achieve their growth objectives.
As a United Nations Principles for Responsible Investment signatory, LLR considers environmental, social, and governance factors when investing and is committed to diversity, equity, and inclusion at the firm and its portfolio companies.