Insight

L Squared Capital wraps up fourth fund at $840m

Fund IV's limited partners include both institutions and large family offices.

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  • The firm’s targeted sectors include education technology, tech-enabled services & software and industrial technology & services
  • Eaton Partners was the placement agent while Vedder Price, PC served as legal advisor
  • Headquartered in Newport Beach, California, L Squared has over $2 billion of equity commitments under management

L Squared Capital Partners has closed its fourth fund at $840 million.

Fund IV’s limited partners include both institutions and large family offices.

The firm’s targeted sectors include education technology, tech-enabled services & software and industrial technology & services.

On the fundraising, L Squared co-founder and Managing Partner Rob Healy said in a statement, “The strong growth in our business in a somewhat more challenging economic environment is a great testament to the hard-working management teams that run our businesses. We could not do what we do without their tremendous dedication to excellence. All of us at L Squared owe them a debt of gratitude.”

Eaton Partners was the placement agent while Vedder Price, PC served as legal advisor.

Headquartered in Newport Beach, California, L Squared has over $2 billion of equity commitments under management.