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Littlejohn & Co passes $1.5bn for Fund V, could close next month

21 May 2014

TUS private equity firm Littlejohn & Company has reportedly beaten its target for its fifth fundraise by gathering $1.6bn for the vehicle.

The firm could continue to gather up to $2bn for Fund V according to peHUB, which cited a person with knowledge of the fundraise.

They added that a final close for the vehicle could occur next month.

Littlejohn pulled in $1.34bn for its fourth fund in 2010, beating its $1.25bn target, and collected $850m for Fund III five years earlier.

The firm targets mid-market companies with revenues of between $150m and $800m experiencing a fundamental change in capital structure, strategy, operations or growth, according to its website.

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