Daily News: May 31, 2012

Leonard Green & Partners Closes $6.25 Billion Private Equity Fund


Leonard Green & Partners, L.P. (LGP) announced the closing of the firm’s sixth private equity investment fund, Green Equity Investors VI, (GEI VI). GEI VI substantially exceeded its original target, closing at its hard cap of $6 billion in limited partner commitments along with $250 million from affiliates of LGP.

Investors in GEI VI include a diverse group of domestic and international pension funds, sovereign wealth funds, insurance companies, foundations and family offices. LGP engaged no intermediary to assist in the raising of the fund.

LGP’s philosophy is to invest in middle-market companies with market-leading franchises and defensible competitive positions, attractive growth prospects and proven management teams. LGP’s investments have been in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Consistent with its prior funds, sectors of focus for GEI VI include retail, distribution, healthcare, aerospace/defense and consumer/business services.