JLL Partners Raises $1.4 Billion for its Fund IX

NEW YORK--(BUSINESS WIRE)--JLL Partners (“JLL” or the “Firm”), a New York-based middle market private equity firm focused on investing in the healthcare, industrials and business services sectors, announced today the final close of JLL Partners Fund IX, L.P. (“Fund IX” or the “Fund”) with approximately $1.4 billion in equity commitments. The Fund’s capital raised meaningfully exceeded its target, as well as the size of its predecessor fund, which was approximately $866 million.

The Fund received strong support from an investor base comprised of both longstanding and new limited partners spanning the institutional spectrum. Fund IX builds on the Firm’s long-tenured strategy of identifying durable themes within its core industries, partnering with exceptional management teams, and acquiring middle-market companies with the potential to become market leaders in partnership with JLL.

“We are grateful for the continued trust and confidence of our investors in Fund IX, which we believe reflects the Firm’s long-term performance, disciplined investment approach and strength and continuity of the team,” said JLL’s Managing Partners, Dan Agroskin, Kevin Hammond and Frank Rodriguez, in a joint statement. “As JLL approaches its 40th anniversary, we and our colleagues are eager to continue building upon the Firm’s legacy of success and deploy Fund IX’s capital to support business growth and transformation within our core focus sectors. We would also like to thank the managers at our portfolio companies for their tireless efforts on behalf of our Firm and limited partners.”

Fund IX has already made four investments, which include Vascular Technology, Inc., a medical device company focused on intraoperative surgical devices; Solvias, an analytical testing provider serving pharmaceutical and biotechnology customers; Talica, a precision, high-purity surface treatment provider serving regulated end markets; and PowerParts Group, an aftermarket provider of high-precision replacement parts for large frame steam and gas turbines.

Weil, Gotshal & Manges LLP acted as fund counsel and Houlihan Lokey as placement agent.

About JLL Partners

JLL Partners, LLC is a middle market private equity firm with over three decades of experience transforming businesses in the healthcare, industrials, and business services sectors. The Firm is dedicated to partnering with companies that it believes it can help build into market leaders through a combination of strategic mergers and acquisitions, organic growth initiatives, and operational enhancements. The JLL Partners team is comprised of seasoned investment professionals and operating partners who are focused on driving long-term value creation across its portfolio. Since its founding in 1988, JLL Partners has invested approximately $8 billion of equity capital across nine private equity funds with 61 platform investments.

For additional information, please visit www.jllpartners.com.

Media Contacts
Nathaniel Garnick/Deanna Spaulding
Gasthalter & Co.
(212) 257 4170
JLLPartners@gasthalter.com