Press release issued by FFL in respect of FFL Capital Partners Fund IV
FFL Closes Fourth Fund with More Than $2 Billion of Commitments
3 June 2015
SAN FRANCISCO — FFL, a leading San Francisco-based middle market private equity firm which manages over $4.0 billion of capital, today announced the completion of fundraising for FFL Capital Partners IV. The fund has equity commitments of over $2.0 billion, above the target of $1.5 billion. The fund was raised from a mix of domestic and international institutional investors including all of the largest existing investors in FFL’s third fund, pension funds, endowments, foundations, family offices, and $75 million from the FFL team. FFL has already committed 24% of Fund IV to three investments.
“We appreciate the support we received from our limited partners, both those who have invested with us from the beginning and those who are new to FFL. We have already begun to put this capital to work on their behalf,” said Spencer Fleischer, President & Co-Chief Executive Officer. “Our long track record of superior returns with leverage well below industry averages was important in this successful fundraise.”
“Our thirty investment professionals have deep experience as private equity investors and senior operating executives; and our eleven Partners have on average worked together for over twelve years. The team includes a group of Operating Partners who have led major private and public companies.”
Since 1998, FFL’s deep sector expertise and collaborative engagement with management has made it a partner of choice with leading companies in business services, consumer, financial services, and healthcare services. Business growth has provided over 75% of the value created by FFL for its investors. Historically, portfolio companies have generated average organic revenue and profit growth of 11% and 19%, respectively.
For more information, visit www.fflpartners.com.
FFL Media Contact
Stanton Public Relations & Marketing