Leonard Green & Partners, L.P. ("LGP") today announced the closing of the firm´s sixth private equity investment fund, Green Equity Investors VI, L.P. ("GEI VI"). GEI VI substantially exceeded its original target, closing at its hard cap of $6 billion in limited partner commitments along with $250 million from affiliates of LGP.
Investors in GEI VI include a diverse group of domestic and international pension funds, sovereign wealth funds, insurance companies, foundations and family offices. LGP engaged no intermediary to assist in the raising of the Fund.
LGP´s philosophy is to invest in middle-market companies with market-leading franchises and defensible competitive positions, attractive growth prospects and proven management teams. LGP´s investments have been in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Consistent with its prior funds, sectors of focus for GEI VI include retail, distribution, healthcare, aerospace/defense and consumer/business services.
Based in Los Angeles, California, LGP was founded in 1989 and has raised over $15 billion of private equity capital. The investment activities of LGP are led by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff.
