LLR Partners closes 4th fund at $950 million
Tom Paine
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Philadelphia-based middle market private equity firm LLR Partners today announced the close of its fourth fund, LLR Equity Partners IV, L.P, at $950 million.
The firm said in a statement that LLR 4 began investing in 2013 and has closed investments in five companies – ACRE, Cigital, iJET, Logi Analytics and Ultisat. LLR Partners "remains focused on a broad range of industries, including business services; consumer and education; financial services; security, defense and government services; healthcare services; and software and IT services," according to LLR.
The firm also announced that Todd Morrissey and David Stienes were promoted to partner in LLR 4. LLR Partners was founded in 1999.
LLR has also made recent efforts to boost its presence in the Washinngton, DC area and the government technology sector.
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