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.