Leonard Green Sets $17bn Goal for Latest Fundraising Round

Private-equity firm Leonard Green & Partners, which has backed companies such as home-and-office-goods retailer Container Store and restaurant operator Velvet Taco Inc., has joined the growing ranks of large buyout shops seeking capital with plans to raise at least $17bn for two new funds.

The Los Angeles-based firm has set a goal of at least $13.5 billion for its newest main fund, Green Equity Investors IX LP, according to documents from the Teachers’ Retirement System of Louisiana.

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Leonard Green & Partners is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $50 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies.

Since inception, LGP has invested in over 100 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution and industrials.

Source: Wall Street Journal

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