THL Partners Raises $6.35 Billion of Investable Capital for Fund X

Fundraising success reflects continued confidence in THL’s differentiated investment strategy

BOSTON--(BUSINESS WIRE)--THL Partners, a premier private equity firm investing in middle-market growth companies, today announced the final close of THL Equity Fund X, L.P. (“Fund X”) with $6.35 billion in investable capital.

Fund X received strong support from a diverse group of both existing and new investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, and family offices across North America, Latin America, Europe, Asia, Australia, and the Middle East.

Fund X will continue THL’s longstanding strategy of investing in middle-market companies across its three core industry verticals: Financial Technology & Services, Healthcare, and Technology & Business Solutions. The Firm’s approach is centered on its Identified Sector Opportunity (“ISO”) strategy, which targets subsectors where THL has developed deep domain expertise, strong industry relationships, and differentiated sourcing capabilities.

THL combines this subsector-focused investment model with integrated operating capabilities through its Strategic Resource Group (“SRG”), a team of experienced operators who work alongside management teams to develop and execute value creation plans designed to drive growth and long-term performance.

“We believe our focused strategy, built on deep sector expertise and operational engagement, positions us well to partner with management teams and drive sustainable growth and long-term value creation,” said Todd Abbrecht, Co-Chief Executive Officer at THL.

“We are grateful for the continued support of our long-standing limited partners and are also pleased to welcome new investors to Fund X,” said Scott Sperling, Co-Chief Executive Officer at THL. “We value the strength of our long-term partnerships and the collaboration they enable across our platform.”

Since its founding in 1974, THL has invested in middle-market growth companies, combining deep sector expertise with dedicated operating resources to build great companies of lasting value. The firm has managed or deployed over $50 billion of equity capital, worked with more than 175 portfolio companies globally, and completed over 700 add-on acquisitions representing an aggregate enterprise value of over $260 billion.

About THL Partners

THL Partners is a premier private equity firm investing in middle-market growth companies exclusively within three sectors: Healthcare, Financial Technology & Services, and Technology & Business Solutions. THL couples deep sector expertise through an Identified Sector Opportunity (“ISO”) process with dedicated internal operating resources from its Strategic Resource Group (“SRG”) to transform and build great companies of lasting value in partnership with management. The Firm’s domain expertise and resources help to build great companies with an aim to accelerate growth, improve operations, and drive long-term sustainable value. Since 1974, THL has managed or deployed $50 billion of equity capital, worked with over 175 partner companies around the world and fueled more than 700 add-on acquisitions representing an aggregate enterprise value of over $260 billion.