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Littlejohn & Co ends rapid fundraise by hitting $2bn hard cap

10 Jul 2014

hard hat cap construction buildingUS private equity firm Littlejohn & Company has held a $2bn final close for its fifth fund on the vehicle’s hard cap, it is understood.

The firm was targeting $1.5bn but closed on its hard cap last week according to peHub, which cited a person with knowledge of the fundraise.

It said the firm only hit the market in January and could have closed sooner, but decided to wait for some LPs to get commitments approved.

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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