Levine Leichtman Capital Partners held a final closing on $1.65 billion of capital commitments for Levine Leichtman Capital Partners Fund V, L.P., exceeding its target of $1.5 billion. Fund V has received worldwide support from institutional investors including leading public and private pension funds, sovereign wealth funds, endowments and foundations, insurance companies, fund of funds and family offices. Fund V has already closed two investments totaling approximately $200 million. Levine Leichtman Capital Partners IV, L.P., a 2008 vintage fund, consisted of $1.1 billion of capital commitments.
“We are very pleased by the support we have received from existing and new limited partners. Institutional investors responded very favorably to our differentiated investment strategy and to our 30 year investment track record. LLCP has generated consistent and attractive risk-adjusted returns across many economic cycles”, commented Lauren Leichtman, CEO of Levine Leichtman Capital Partners.