Thomas H. Lee Partners Closes $5.6bn Flagship Private Equity Fund

Oct 5, 2021 | News

Thomas H. Lee Partners, a premier private equity firm investing in middle-market growth companies, today announced the successful final close of its ninth flagship fund, Thomas H. Lee Equity Fund IX (“Fund IX”), at its hard cap with $5.6bn in capital commitments.

Fund IX received strong demand from investors and over $250 million of General Partner commitments. A global and diverse group of new and existing limited partners have committed capital to Fund IX, including leading public and private pension funds, sovereign wealth funds, banks, insurance companies, endowments, foundations, family offices, and high-net-worth individuals.

Fund IX will continue THL’s strategy of investing behind its Identified Sector Opportunities (“ISOs”), which benefit from robust secular growth trends. Within its ISOs, THL focuses on investing in middle-market growth companies with high-quality business models and attractive return on invested capital characteristics.

Free Webinar: Scaling up – Embarking on Digital Transformation in Private Equity

Learn More
  • How data analytics can create efficiencies within Private Equity
  • The most beneficial ways for firms to digitise and what major risks that are involved
  • How will digitisation affect the future of Private Equity

A critical component of THL’s partnership approach is its Strategic Resource Group (“SRG”), an in-house team of 18 senior professionals who specialize in accelerating company growth. ​This internal operating team offers a broad suite of scalable services in critical areas, such as technology and innovation, go-to-market strategy and execution, operations and productivity, organizational design, M&A integration, and cross-portfolio services. Targeting companies in its ISOs, THL combines its deep domain expertise and dedicated internal operating resources to grow companies of lasting value in partnership with management teams.

The close of Fund IX comes on the heels of an active 12 months for THL, which included the close of a $900 million automation-focused private equity fund (the “Automation Fund”). The Automation Fund is the only private equity fund dedicated to the automation sector and reflects the highly focused, deep domain expertise that is one of the key pillars of THL’s long-developed strategy. Further, THL’s strong commitment to proactive deal creation has resulted in 10 new investments in its ISO areas.

Source: Business Wire

Can’t stop reading? Read more