LLR Partners Closes Seventh Fund at $2.45 Billion for Technology and Healthcare Investments
Funding | Apr 24, 2025 | LLR Partners Inc
LLR Partners Inc., a private equity firm focusing on the lower middle market, has announced the final closing of its seventh fund, LLR Equity Partners VII, at $2.45 billion. This fund reflects significant participation from LLR’s partners and employees. The LLR 7 fund continues the firm’s strategy of investing in growth companies within the technology and healthcare sectors. LLR Partners utilizes a thesis-driven investment approach complemented by tech-enabled origination and robust value creation resources. LLR 7 will target both majority and minority equity positions, facilitating growth, recapitalizations, and buyouts. Notable investments from this fund include KEEPS, Nonstop Health, Soltis Investment Advisors, Suvoda, and TurboTenant. Asante Capital Group acted as the placement agent, and legal counsel was provided by Latham & Watkins. LLR Partners, founded in 1999, has raised over $7 billion across seven funds, supporting the growth and value creation of its portfolio companies.
Sectors
- Private Equity
- Technology
- Healthcare
Geography
- United States – LLR Partners is based in the United States, and the fund involves investment opportunities that are likely to be concentrated in this geography.
- Global – Capital commitments for LLR 7 came from a global group of investors, indicating a global geographical reach.
Industry
- Private Equity – The announcement centers on LLR Partners, a private equity firm, raising significant capital for its seventh fund.
- Technology – LLR 7 will focus on investments within the technology sector, making it relevant to this industry.
- Healthcare – The fund's investment strategy is also centered around the healthcare sector, making this industry classification relevant.
Financials
- $2.45 billion – The total capital raised in LLR Equity Partners VII fund.
- $1.8 billion – The total capital closed for the previous fund, LLR 6, in October 2020.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LLR Partners Inc. | Private Equity Firm | Company | A private equity firm focused on the lower middle market, specifically in the technology and healthcare sectors. |
| Asante Capital Group | Placement Agent | Company | Acted as the placement agent for LLR 7 fundraising. |
| Latham & Watkins | Legal Advisor | Company | Provided legal counsel for the closure of LLR 7. |
| Mitchell Hollin | Partner | Person | A partner at LLR Partners who expressed gratitude towards investors. |
| Jason Jerista | Managing Director, Investor Relations | Person | Responsible for investor relations at LLR Partners. |