Globale middle-market private equity firm Levine Leichtman Capital Partners closed its second fund, at €463m.
Levine Leichtman Capital Partners Europe II SCSp (Europe II) received support from a group of institutional investors, including pension funds, insurance companies, banks, family offices and foundations.
The fund has already completed one investment and has two additional investments under contract.
LLCP has been investing in Europe since the opening of its London office in 2011, expanding its presence with the addition of offices in The Hague in 2015 and Stockholm in 2019. LLCP’s first Europe-focused fund, closed in 2015 with €100m of capital commitments and has made four investments.
The firm has a 37-year track record of investing across various targeted sectors, including franchising, professional services, healthcare, education and engineered products. Its global team of dedicated investment professionals is led by seven partners who have worked together for an average of 21 years. Since inception, LLCP has managed approximately $11 billion of institutional capital across 14 investment funds and has invested in over 85 portfolio companies. LLCP currently manages approximately $7 billion of assets – including its most recent flagship fund, Levine Leichtman Capital Partners VI, L.P., which closed in 2018 with $2.5 billion of committed capital – and has offices in Los Angeles, NY, Chicago, Charlotte, Miami, London, Stockholm and The Hague.
Head of European Fund Investments, LLCP, is John O’Neill.