The New Jersey-based business produces branded Italian luxury linen items including bedding products, table decorations and accessories.
LLCP co-founder Lauren Leichtman said, “The company’s tradition and over 120 year history of success has translated into one of the most respected luxury linen brands in the world.
“We believe SFERRA’s focus on developing well-recognized linen products, renowned for quality, and the company’s emphasis on strong customer service has been the key to its success.”
AltAssets revealed last month that LLCP had secured its biggest-ever fundraise just four months after registering the vehicle’s first commitment with the US securities regulator.
Levine Leichtman Capital Partners V had collected more than $1.27bn towards its $1.5bn target according to an updated filing with the Securities & Exchange Commission, which showed more than 50 LPs have agreed to hand over funds to date.
That total means LLCP V has outstripped the $1.1bn the firm collected for its 2008-vintage fourth fund, and is just $222m away from hitting the $1.5bn mark.
The firm is yet to reveal whether the fund has held a final close.
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