March 6, 2014
LLR Partners announces the final closing of LLR Equity Partners IV, L.P. (“LLR 4”), a $950 million private equity fund that builds on the firm’s 15-year history of investing in and partnering with middle market growth companies. The firm thanks its limited partners for their continued support of LLR’s investment strategy and team. LLR 4 began investing in 2013 and has closed investments in five companies – ACRE, Cigital, iJET, Logi Analytics and Ultisat.
“Since launching our first fund in 1999, LLR has brought a collaborative approach to working with middle market companies that have an opportunity to become leaders in their industry niches,” said LLR’s Mitchell Hollin. LLR 4 remains focused on a broad range of industries, including business services; consumer and education; financial services; security, defense and government services; healthcare services; and software and IT services.
LLR provides capital and guidance to growth companies led by driven, entrepreneurial owners. With 40 investment professionals and eight experienced executives serving as operating partners, the firm invests between $15 million and $100 million in companies with up to $150 million in annual revenue. LLR will invest in minority or majority ownership positions in a variety of transactions including growth capital, recapitalizations and buyouts. “We are looking for companies with a proven business model, a good management team, and that seek a partner to rapidly grow the business,” said Mr. Hollin.
Long-time members of the LLR team, Todd Morrissey and David Stienes, were promoted to partner in LLR 4, joining the existing senior team of Mitchell Hollin, Seth Lehr, Ira Lubert, Scott Perricelli, David Reuter and Howard Ross.