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L Squared Capital Partners Closes 4th Fund at $840 Million

L Squared Capital Partners said it recently held the final closing for its fourth private equity fund at $840 million.

The Newport Beach firm said the fundraise received “strong” support from existing investors and was supplemented by several new high-quality limited partners that included both institutions and additional large family offices, both domestically and internationally.

Since its founding in July of 2014, L Squared has raised four funds and accepted commitments of over $2 billion from its investors.

To date, L Squared said it has completed 17 platform investments and is in the process of closing its 50th add-on transaction, acquiring over $3 billion of enterprise value.

Rob Healy is the firm’s managing partner and co-founder.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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