Lee Equity Partners closes Fund IV

Lee Equity Partners, a middle-market private equity firm, announced the final closing of Lee Equity Partners Fund IV.

The fund was oversubscribed and including the General Partner commitment achieved its hard cap with total capital commitments of approximately $1.3 billion, exceeding the $1 billion target. Fund IV added a diverse group of global investors including family offices, private and public pensions, funds of funds, sovereign wealth funds and insurance companies.

Fund IV continues the firm’s nearly two-decade history of investing in and partnering with middle market, growth-oriented companies. Fund IV will continue Lee Equity’s strategy of partnering with founders, entrepreneurs, and management teams to build market leading companies in the financial and healthcare services sectors.

Last month, Lee Equity announced an investment in specialty insurance broker Axis Insurance. The firm and its principals have a long track record of investing in the insurance sector, including investments in Captive Resources, McLarens, K2 Insurance, Simplicity Group, and Universal American, amongst others.

“In a challenging fundraising environment, we are incredibly grateful for the support of both our existing partners and a diverse group of new limited partners. The strong demand for Fund IV is a testament to the strength of our platform and the sector expertise of our team. We believe that our thesis development and proactive deal sourcing allows us to find proprietary opportunities early in the private equity life cycle, which has historically delivered long-term capital appreciation to our investors and management partners.” – Lee Equity partner Mark Gormley.

“We have completed four platform investments in Fund IV and continue to see compelling opportunities in our areas of focus in the financial and healthcare services sectors. We will continue to leverage our team, network of advisors and industry relationships to help our businesses achieve transformational growth through investments in people, processes, technologies and strategic acquisitions.” – Lee Equity partner Danny Rodriguez.