US private equity firm Friedman Fleischer & Lowe has announced a final close on its second fund with $750m of commitments. The fund was originally targeting $600m.
‘We were gratified by the continued support we received from our existing partners and are very pleased with the new LPs who have joined our investor group,’ said Tully Friedman, chairman and CEO.
Friedman Fleischer & Lowe was founded in 1998 and is focused on investing in US middle-market companies. The firm targets companies with enterprise values of between $50m and $500m in the outsourced business services, consumer products, financial services, education, healthcare, marketing and media sectors.
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