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LLCP Lower Middle Market Fund III oversubscribed with $1.38 billion of capital commitments

CATEGORY: Transactions
DATE: 20 September 2021
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Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today the closing of LLCP Lower Middle Market Fund III, L.P. (“LMM III”) with total capital commitments of $1.38 billion.

LMM III, which was significantly oversubscribed and closed at its increased hard cap, received strong support from existing and new institutional investors across North America, Europe, the Middle East, and Asia.

LMM III will invest primarily in U.S.-based lower middle market companies with less than $50 million of revenues. The fund will utilize LLCP’s highly successful structured private equity strategy to invest in entrepreneur-led businesses, generating a combination of growth and income for investors.

Campbell Lutyens served as placement agent with respect to LMM III.

Read the full press release.