LLR Partners is looking to more FinTech investments after closing its fifth private equity fund on $1.2bn.
The fund represents a significant step up from the $950m LLR gathered for its fourth fund in 2014.
LLR 5 focuses on investments in education, FinTech, healthcare, and security and software, investing between $15m and $100m in companies with up to $100m in annual revenue.
The firm began investing LLR Equity Partners V last year, and has already closed deals for at least eight businesses including 3SI Security Systems, eLocal, Eye Health America, MedBridge, Midigator, Onapsis, PhishLabs and Professional Capital Services.
“With our focus on select industries and our innovative approach to sourcing investments, we see compelling companies seeking a partner to help them grow their businesses to the next level,” said Hollin.
“Our collaborative and flexible investment approach has remained consistent since LLR’s founding in 1999. More than ever, we leverage the collective expertise of our multi-disciplinary team, portfolio executives and extensive third-party network to help create value for our companies.”
In March, LLR Partners made a $30m minority growth equity investment in Midigator, which provides a fully-automated software platform used to prevent, analyse and manage payment card chargebacks.
Its previous FinTech investment include eOrginal, CompoSecure, Cigital, Cedar Capital, Heartland payment Systems, and Fleet One, among others.
Last year, LLR acquired 3SI Security Systems, a global leader in asset protection systems and an innovator of GPS tracking technologies. Protecting more than 250,000 client locations worldwide, 3SI’s solutions combat crime through GPS tracking, dye and ink staining and gas neutralization technology specializing in the Financial, Retail, Cash in Transit and Law Enforcement markets.
Back in May, the private equity backed the combined company of PhishLabs and BrandProtect, with both merging to become the leading provider of Threat Intelligence and Mitigation solutions. PhishLabs provides global threat intelligence, security awareness training, real-time threat monitoring, and rapid takedown capabilities that help organizations protect their employees and customers. BrandProtect delivers a broad suite of cyber risk detection, intelligence, and mitigation solutions to protect against brand threats, trademark infringements, phishing, mobile app schemes, social media risks, and dark web threats.
It security portfolio also includes codiscope, DigitalGuardian, Onapsis, iJet, Communication Networks, Vanderbilt and Eyewitness Surveillance.
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