JLL Partners Closes $1.5 Billion Fund
JLL Partners today announced the successful closing of its $1.5 billion JLL Partners Fund V, L.P. The fund has been raised with a premier group of limited partners, including some of the largest universities, endowments, corporate pension funds, state and union pension plans, family offices and fund-of-funds.
JLL seeks to partner with quality managers to build successful businesses, and is prepared to do so by starting business with proven managers, building on an existing base or extricating good businesses from complicated, sometimes troubled, situations.
“We are pleased and proud to have the continued support of so many long-standing limited partners and to have established relationships with an excellent group of new ones as well. We had set out to raise $1.25 billion, with a hard cap of $1.5 billion, and have met our cap, although we are disappointed to have had to turn away many interested parties,” said Paul S. Levy, Founder of JLL. “Our proven track record and rigorous commitment to our successful strategy over the long term have provided added confidence to our investor base.” Mr. Levy added, “We know how competitive the market is and have great respect for our peer group, but we will continue to look for opportunities where we can both buy and create value over time.”
Credit Suisse First Boston acted as financial advisor and arranged for the private placement of the limited partnership interests.
About JLL Partners
Established in 1988, JLL Partners is a group of 17 professionals focused on partnering with proven mangers to create equity value by creating or improving and growing fundamentally sound companies with strong business franchises.
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