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Level Equity closes fund with USD 255m committed.

BANKING AND CREDIT NEWS-December 11, 2013--Level Equity closes fund with USD 255m committed


11 December 2013 -- New York-based investment firm Level Equity Management LLC said that it closed its second growth equity fund Level Equity Growth Partners II LP with commitments of USD 255m.

Fund II held a single close with participation from leading corporations, endowments, entrepreneurs, family offices, and funds-of-funds, the firm said.

Level Equity raised its first growth equity fund of USD 130m in 2011.

The firm invests in growing, capital-efficient businesses in minority and majority transactions.

Level Equity has eleven investment professionals and closed nine investments and two liquidity events since 2011.

Its principals have invested in 44 growth businesses since 1999.

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1 USD = 0.6079 GBP

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Publication:M2 Banking & Credit News (BCN)
Date:Dec 11, 2013
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