Levine Leichtman Capital Partners (LLCP) has closed LLCP Fund VII LP above its target with over $3.6 billion in capital commitments.
LLCP Fund VII saw strong participation from existing limited partners and new institutional investors and is nearly 1.5 times larger than its predecessor fund from 2018.
LLCP has actively returned cash to its limited partners over the past three years, with more than $4.6 billion in exits from Fund VI, including several notable sales like Encore Fire Protection and Tropical Smoothie Café.
LLCP's Fund VII has already closed three platform investments and expects to close a fourth soon, demonstrating the firm's ability to source attractive investment opportunities and build successful companies.