Levine Leichtman closes latest mid-market fund

The Beverly Hills-based firm attracted more than twice as much capital for the strategy since its previous fundraise.

  • Fund name: LLCP Lower Middle Market Fund III
  • Amount raised: $1.4 billion
  • Target size: $1.0 billion
  • Hard-cap: $1.4 billion
  • Stage of fundraising: Final close
  • Final close date: September 2021
  • Time on the road: 18 months
  • Predecessor fund: LLCP Lower Middle Market Fund II ($615 million)

Levine Leichtman has closed LLCP Lower Middle Market Fund III at $1.38 billion, surpassing its initial target size of $1.0 billion after 1.5 years in market. Like its predecessors, the fund will focus on opportunities in North-America.