2021 was another extraordinary year at LLCP. We completed 73 transactions, including 4 new platform investments, 62 add-on acquisitions and 7 highly successful exits across our funds and industry verticals. We’re grateful for the support from our valued team, partners and investors, and look forward to building on this momentum in 2022!
4 New Investments
In September 2021, LLCP closed LLCP Lower Middle Market Fund III, L.P. (“LMM III”) with $1.38 billion of total capital commitments.
The fund was significantly oversubscribed at its hard cap.
LMM III is more than double the size of LLCP’s previous lower middle market fund, which closed in 2016 with total capital commitments of $615 million.