Levine Leichtman Capital Partners Completes $575 Million Continuation Fund
Deal News | Nov 21, 2024 | Levine Leichtman Capital Partn
Levine Leichtman Capital Partners (LLCP) has successfully closed a $575 million multi-asset continuation fund transaction with institutional backing from Hamilton Lane, along with other investors. The newly formed LLCP LMM Acquisition Fund, L.P. aims to acquire stakes in three companies: Blue Ridge Associates, Milton Industries, and Resolution Economics. Originally part of LLCP Lower Middle Market Fund, L.P. (LMM II), this transition offers LMM II Limited Partners (LPs) a liquidity option while equipping the portfolio companies with more time and capital to realize their growth ambitions. Michael Weinberg and Andrew Schwartz of LLCP express gratitude for the support from Hamilton Lane and optimism about the companies' growth potential. Ryan Smith from Hamilton Lane highlights this deal as a reflection of Hamilton Lane's strategic value. Blue Ridge Associates specializes in technology-enhanced solutions for ESOPs, Milton Industries produces highly-engineered pneumatic and hydraulic products, and Resolution Economics provides economic analysis and compliance services. Financial advisory was provided by Robert W. Baird & Co., with legal counsel by Kirkland & Ellis, LLP.
Sectors
- Private Equity
- Consulting Services
- Industrial Products
- Financial Services
Geography
- United States – The participants in the transaction, including Levine Leichtman Capital Partners and its portfolio companies, are based in the United States.
Industry
- Private Equity – The article discusses a multi-asset continuation fund formed by Levine Leichtman Capital Partners to facilitate further investment in portfolio companies.
- Consulting Services – Resolution Economics specializes in economic and statistical analysis for legal and corporate compliance, relevant in the consulting services sector.
- Industrial Products – Milton Industries provides engineered products for pneumatic and hydraulic applications, aligning them with the industrial products sector.
- Financial Services – Blue Ridge Associates' focus on administration and recordkeeping for ESOPs situates them within the financial services industry.
Financials
- $575 Million – The total value of the multi-asset continuation fund transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Levine Leichtman Capital Partners (LLCP) | Private Equity Firm | Company | The firm responsible for forming the multi-asset continuation fund. |
| Hamilton Lane | Lead Investor | Company | A global private markets investment management firm involved as the lead investor. |
| Blue Ridge Associates | Portfolio Company | Company | Specializes in providing technology-enhanced ESOP and 401(k) solutions. |
| Milton Industries | Portfolio Company | Company | Provides highly-engineered products for various applications. |
| Resolution Economics | Portfolio Company | Company | Consults on economic and statistical analysis for legal matters. |
| Robert W. Baird & Co. | Financial Advisor | Company | Provided exclusive financial advisory services to LLCP. |
| Kirkland & Ellis, LLP | Legal Advisor | Company | Provided legal counsel to LLCP on the transaction. |