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- Lee Equity Partners Announces Final Closing of Fund IV at $1.3 Billion
Lee Equity Partners Announces Final Closing of Fund IV at $1.3 Billion
Slice of Finance Team
11 Jul
Key Highlights:
Fund IV closes with $1.3 billion in total commitments, surpassing the $1.0 billion target.
Investors include family offices, pensions, funds of funds, sovereign wealth funds, and insurance companies.
Lee Equity Partners continues its strategy in financial and healthcare services sectors.
Fund IV has already completed four platform investments.
Evercore Private Funds Group served as global placement agent.
Source (PR Newswire
Notable Quotes:
"In a challenging fundraising environment, we are incredibly grateful for the support of both our existing partners and a diverse group of new limited partners. The strong demand for Fund IV is a testament to the strength of our platform and the sector expertise of our team."
"We have completed four platform investments in Fund IV and continue to see compelling opportunities in our areas of focus in the financial and healthcare services sectors."
Our Take:
Lee Equity Partners' successful closing of Fund IV at $1.3 billion, exceeding their target despite a challenging fundraising environment, underscores their robust platform and sector expertise. The inclusion of diverse global investors signals strong confidence in Lee Equity’s strategic approach. Their continued focus on financial and healthcare services, coupled with proactive deal sourcing and a strong network, positions them well for sustained growth and value creation. The completion of four platform investments already reflects their aggressive and well-planned investment strategy. This successful fundraising and investment activity highlight Lee Equity's capability to deliver long-term capital appreciation to its investors and partners.