J.F. Lehman & Company, a middle-market private equity firm focused on the defense, aerospace and maritime industries, held the final close of JFL Equity Investors III, L.P. and affiliated vehicles (JFL Fund III), at $575.5m.
JFL Fund III, which follows the $335.3m JFL Fund II, and the $130.9m JFL Fund I, secured commitments from a diversified group of over thirty institutions based in North America and Europe including public and private pension funds, global financial institutions, domestic and foreign insurance companies, fund-of-funds, family offices, endowments and foundations.
Additional commitments were provided by members of J.F. Lehman & Company’s Operating Executive Board and the general partners of the funds.
Led by John F. Lehman, Chairman, and Louis N. Mintz, Partner, J.F. Lehman & Company focuses on the defense, aerospace and maritime industries and the technologies that originate from them. The funds will focus on control ownership positions in leveraged acquisitions of high quality companies in the firm’s target industries in the United States and the United Kingdom.
To date, JFL Fund III has completed the acquisition of US Joiner, a provider of end-to-end marine joiner and related shipbuilding solutions for U.S. Government and commercial customers.