Littlejohn & Co., LLC, a Greenwich, Connecticut-based private equity and special situations firm focused on the middle market, completed Littlejohn Fund V, L.P. with $2 billion of committed capital.
Fund V’s investor base is international in scope and represents a diverse group of endowments and foundations, public and corporate pension plans, insurance companies, sovereign wealth funds, family offices and institutional investors.
Founded in 1996 and led by Michael I. Klein, Chief Executive Officer and co-founder, Littlejohn invests in middle market companies with annual revenues typically between $100 million and $800 million, and generally invests $50 to $150 million of equity in its private equity investments. Its complementary special situations investment strategy takes positions in the securities of stressed and distressed middle market companies.
The firm, which which has 23 investment professionals, led by a team of 10 partners, invests across a broad range of industries and acquires manufacturers, distributors, and service providers.