Houlihan Lokey Advises JLL Partners Fund IX

Houlihan Lokey is pleased to announce that JLL Partners (JLL), a New York-based middle-market private equity firm focused on investing in the healthcare, industrials, and business services sectors, has held a final close of its ninth private equity fund, JLL Partners Fund IX, LP (Fund IX), with approximately $1.4 billion in equity commitments, significantly surpassing its initial $900 million target.

Fund IX represents an approximately 70% increase in size over JLL’s eighth fund and attracted strong support from a broad range of longstanding and new institutional limited partners, including leading pension funds, asset managers, consultants, insurance companies, and family offices across the U.S., Europe, and Asia.

Fund IX has already made four investments, which include Vascular Technology, Inc., a medical device company focused on intraoperative surgical devices; Solvias, an analytical testing provider serving pharmaceutical and biotechnology customers; Talica, a precision, high-purity surface treatment provider serving regulated end markets; and PowerParts Group, an aftermarket provider of high-precision replacement parts for large frame steam and gas turbines.

The successful fundraise underscores investor conviction in JLL’s hands-on value-creation model and thematic investment in durable sectors with low correlation to market cycles and strong macro fundamentals. “We are grateful for the continued trust and confidence of our investors in Fund IX, which we believe reflects the firm’s long-term performance, disciplined investment approach, and strength and continuity of the team,” said JLL’s Managing Partners, Dan Agroskin, Kevin Hammond, and Frank Rodriguez, in a joint statement. “As JLL approaches its 40th anniversary, we, and our colleagues, are eager to continue building upon the firm’s legacy of success and deploy Fund IX’s capital to support business growth and transformation within our core focus sectors. We would also like to thank the managers at our portfolio companies for their tireless efforts on behalf of our firm and limited partners.”

Formed in 1988, JLL has committed approximately $8 billion across 61 platform investments and more than 190 add-ons. The firm is dedicated to partnering with companies that it believes it can help build into market leaders through a combination of strategic mergers and acquisitions, organic growth initiatives, and operational enhancements. The JLL Partners team comprises seasoned investment professionals and operating partners who are focused on driving long-term value creation across its portfolio.

Houlihan Lokey served as the global placement agent to JLL.

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