LLR Partners closes 5th fund at $1.2 billion; Three area firms among those already funded

Tom Paine


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LLR Partners, Philadelphia, announced the final closing of its latest buyout fund, LLR Equity Partners V, at $1.2 billion.

Its previous fund, LLR Equity Partners IV, closed at $950 million in March 2014.

LLR invests $15 to $100 million in companies having revenue up to $100 million.

LLR Equity Partners V has already invested in 8 companies, three of which are in the Philadelphia area: 3SI Security Systems (Malvern); eLocal (Conshohocken); and Professional Capital Services (Philadelphia).

Founded by Ira Lubert in 1999, LLR Partners says it has deployed $3.5 billion over 5 funds.

LLR Equity Partners V include the $54.8 billion Pennsylvania Public School Employees' Retirement System and the $30 billion Pennsylvania State Employees' Retirement System, according to the publication Pensions & Investments .

LLR recently published a video featuring managing director Michael Sala describing the firm's content strategy.