J.F. Lehman, a middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, closed its latest flagship fund, JFL Equity Investors VI and affiliated investments vehicles. At $2.23 billion, the offering marks the largest in the firm’s 33-year history and was oversubscribed relative to its $1.6 billion target.
With Fund VI, JFLCO aims to continue to execute its investment strategy. The new fund increases the firm’s total assets under management to $7 billion as of Nov. 30, 2024.
“The highly successful outcome of this marketing effort reflects our demonstrated ability to source intrinsically valuable companies, drive tangible improvements across our portfolio and the substantial confidence placed in our team,” Louis N. Mintz, partner of JFLCO, said. “We are determined to continue to generate attractive risk-adjusted returns as we continue to deploy and manage Fund VI.”
“We are grateful for the support from our longstanding partners, many of which endorsed our efforts early in the process with increased conviction,” Karina Perelmuter, managing director, investor relations and marketing for JFLCO, said. “We are equally appreciative of the trust and confidence placed in our team by the many new partners backing our sector-focused strategy.”
UBS Securities acted as placement agent for Fund VI and Davis Polk & Wardwell served as legal adviser.
