J.F. Lehman & Company Secures $2.2 Billion in Record Fund VI Close
J.F. Lehman & Company Achieves Major Milestone with Fund VI
J.F. Lehman & Company, a prominent player in the private equity sector, has recently unveiled a groundbreaking achievement by successfully closing its flagship fund, designated as JFL Equity Investors VI, L.P. The firm managed to attract an impressive $2.23 billion, surpassing its initial target of $1.6 billion, marking a significant milestone in its 33-year history.
The firm, which concentrates its investments on the aerospace, defense, maritime, governmental, and environmental sectors, has witnessed a robust demand for its Fund VI. This eagerness from investors highlights the firm’s reputable track record and the rising confidence in their investment strategies.
Fund VI is set to broaden J.F. Lehman’s investment capabilities, allowing for continued growth and development in specialized industries where the company boasts over three decades of experience. As of the end of November 2024, the firm’s total assets under management have now reached a remarkable $7 billion.
Louis N. Mintz, a Partner at J.F. Lehman, expressed pride in the outcome, stating, "The highly successful outcome of this marketing effort reflects our demonstrated ability to source intrinsically valuable companies, drive tangible improvements across our portfolio and the substantial confidence placed in our team." This sentiment underscores the firm’s commitment to not only meet but exceed investor expectations and generate attractive risk-adjusted returns.
Karina Perelmuter, Managing Director of Investor Relations & Marketing, also shared her thoughts, noting, "We are grateful for the support from our longstanding partners, many of which endorsed our efforts early in the process with increased conviction." She further emphasized appreciation for new partners who have joined the initiative, reinforcing the strength of their sector-focused strategy.
This fundraising success was aided by UBS Securities LLC, which acted as the placement agent for Fund VI, and legal advice was provided by Davis Polk & Wardwell LLP. Together, they facilitated a seamless fundraising process, enabling the firm to secure additional resources to pursue its investment strategy effectively.
Founded in 1992, J.F. Lehman & Company has steadily built a reputation as a leader in middle-market private equity. Their focused approach on critical sectors such as aerospace, defense, and maritime has allowed them to understand operational challenges deeply, thus enhancing their investment efficacy.
Looking ahead, J.F. Lehman & Company is poised to leverage Fund VI to not only expand its portfolio but also to support initiatives aimed at propelling the growth of companies within these essential industries. This funding success is a testament to the firm’s robust framework and specialized expertise, confirming their ongoing commitment to excellence in private equity investment.
As the firm continues to forge partnerships and capitalizes on emerging opportunities, there's significant excitement surrounding their future endeavors, with stakeholders keenly observing J.F. Lehman’s movements in the investment landscape. Additionally, with environmental concerns growing, their interest in environmentally-focused investments reflects a broader trend towards sustainability in finance, resonating with today's investor priorities.
With the launch of Fund VI, J.F. Lehman & Company is set to maintain its upward trajectory, further establishing itself as a powerhouse in the middle-market private equity arena. This milestone not only marks a significant financial success but also reaffirms the firm’s enduring commitment to driving growth in the sectors it serves.