Net Worth: $2 Billion
LAST YEAR: N/A
CHANGE: New
AGE: Arthur, 67; Lauren, 69
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Investments
THE MONEY: Beverly Hills-based Levine Leichtman Capital Partners, run by the husband-and-wife team of Arthur Levine and Lauren Leichtman, closed its sixth fund in January, a $2.5 billion investment vehicle that the firm plans to use to invest in 12 to 14 portfolio companies in the next four years. The company has $6.4 billion assets under management.
THE BUZZ: Levine and Leichtman founded their investment firm in 1984. Since then, it has invested in more than 80 middle-market companies in industries including consumer and branded products, health care, education, engineered products and franchises. Levine and Leichtman have more than three decades of private equity investing experience. They collaborate on the firm’s strategic direction and investment activities as well as institutional fundraising. Levine and Leichtman have been married since 1979.
