Leeds Equity Closes In on $1.25bn for Its Seventh Buyout Fund

Leeds Equity Partners has nearly completed raising commitments for its seventh buyout fund and expects to wrap it up by the end of this month with $1.25bn, Connecticut pension documents show.

The Connecticut Retirement Plans and Trust Funds is considering adding $50m to a previous $75m commitment to the vehicle, Leeds Equity Partners VII LP, that it made last year, Mark Evans, principal investment officer, told the state Investment Advisory Council in a recent meeting.

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Leeds Equity Partners is a private equity firm specializing in the acquisition of growth oriented middle market and lower middle market companies. The firm prefers to invest in the education, training, information services, and business services sectors. It typically invests in companies based in the United States and Canada.

Source: Wall Street Journal

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