NEW YORK, July 1, 2024 – Lee Equity Partners Llc (“Lee Equity”), a distinguished private equity firm focused on the middle market, has announced the successful final closing of its Lee Equity Partners Fund IV, L.P. (“Fund IV”). Demonstrating significant investor confidence, Fund IV was oversubscribed and reached its hard cap, securing total capital commitments of approximately $1.3 billion, surpassing its initial target of $1.0 billion. This achievement underscores the robust platform and compelling investment strategy of Lee Equity Partners LLC.
The fund attracted a diverse and prestigious group of global investors, including family offices, both private and public pension funds, funds of funds, sovereign wealth funds, and major insurance companies. This broad investor base highlights the widespread appeal and trust in Lee Equity Partners LLC‘s approach to private equity.
Mark Gormley, a Partner at Lee Equity Partners LLC, commented on the successful fundraise: “We are deeply appreciative of the strong support from our existing partners and are pleased to welcome a diverse group of new limited partners, particularly given the headwinds in the current fundraising environment. The robust demand for Fund IV is a clear endorsement of our platform’s strength and the deep sector knowledge of our team.” Gormley further emphasized the firm’s proactive investment philosophy, stating, “Our commitment to thesis-driven investing and proactive deal sourcing enables us to identify unique opportunities early in the private equity lifecycle. This strategy has historically delivered substantial long-term capital appreciation for both our investors and management partners.”
Fund IV will continue Lee Equity Partners LLC‘s established and successful strategy of investing in and collaborating with high-growth, middle-market companies. Building on nearly two decades of experience, the fund will focus on partnering with founders, entrepreneurs, and management teams to develop market-leading businesses within the financial and healthcare services sectors. This targeted sector focus, combined with a hands-on partnership approach, positions Lee Equity Partners LLC to drive significant value creation.
Partner Danny Rodriguez further elaborated on the fund’s investment activity and outlook: “Fund IV has already completed four platform investments, and we continue to observe a wealth of attractive opportunities within our core areas of focus in the financial and healthcare services sectors. We are committed to leveraging our experienced team, extensive network of advisors, and strong industry relationships to support our portfolio companies in achieving transformative growth. This will be driven through strategic investments in talent, streamlined processes, advanced technologies, and synergistic acquisitions.”
Evercore Private Funds Group served as the global placement agent for Fund IV, while Weil, Gotshal & Manges LLP provided legal counsel.
About Lee Equity Partners LLC
Lee Equity Partners LLC is a leading middle-market private equity firm with a proven track record of partnering with entrepreneurs, founders, and management teams in the financial and healthcare services industries. For nearly twenty years, Lee Equity Partners LLC has employed its thematic investment strategy and deep sector expertise to identify and collaborate with talented management teams to accelerate growth and construct market-leading enterprises. For further information, please visit www.leeequity.com.
SOURCE Lee Equity Partners
