Leonard Green & Partners L.P. on Wednesday said that it has closed its sixth private equity investment fund, this one for $6.25 billion.
The West L.A. private equity firm, which invests in middle-market companies, said that Green Equity Investors VI L.P. “substantially exceeded” its original target, closing at a hard cap of $6 billion in limited partner commitments, plus $250 million more from Leonard Green affiliates.
The sectors of focus for the new fund will include retail, distribution, health care, aerospace/defense and consumer/business services. Investors include a diverse group of domestic and international pension funds, sovereign wealth funds, insurance companies, foundations and family offices, according to the firm.
Leonard Green, which is led by John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff, has raised more than $15 billion of private equity capital since its founding in 1989. Its acquisition and investment portfolio includes Air Lease Corp. of Century City, Del Taco Holdings Inc. of Lake Forest and Container Store Inc. of Coppell, Texas.