Thomas H. Lee Partners announces final close of Fund IX at its hard cap with $5.6 billion in capital commitments
Thomas H. Lee Partners, L.P. ("THL"), the US-based private equity firm investing in middle-market growth companies, has announced the successful final close of its ninth flagship fund, Thomas H. Lee Equity Fund IX (“Fund IX"), with $5.6 billion in capital commitments.
Fund IX received strong demand from investors and over $250 million of General Partner commitments. A global and diverse group of new and existing limited partners have committed capital to Fund IX, including leading public and private pension funds, sovereign wealth funds, banks, insurance companies, endowments, foundations, family offices, and high-net-worth individuals.
Fund IX will continue THL’s strategy of investing behind its Identified Sector Opportunities (“ISOs”), which benefit from robust secular growth trends. Within its ISOs, THL focuses on investing in middle-market growth companies with high-quality business models and attractive return on invested capital characteristics.
We are delighted to have supported THL on this highly successful fundraise.