# Lee Equity Partners

Lee Equity Partners is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2006
- **Assets under management:** $1B - $3B (Altss estimate)
- **Website:** www.leeequity.com
- **LinkedIn:** https://www.linkedin.com/company/lee-equity-partners-llc
- **Wikidata:** Q6513540

## Regulatory record

- **CRD number:** 157422
- **SEC file number:** 801-73418
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/157422

## About

Lee Equity Partners is an SEC-registered investment adviser in NEW YORK, NY, registered since 2012. The firm manages approximately $5.8 billion in regulatory assets. It has 48 employees and 35 investment advisers.

## Sectors

- Healthcare Services
- Financial Services
- Business Services
- Consumer

## People

- Thomas H. Lee — Founder
- Yoo Jin Kim — Partner
- David Morrison — Partner

## Questions

### How did Lee Equity Partners originate, and what is its relationship to Thomas H. Lee Partners?

Thomas H. Lee founded Lee Equity Partners in 2006 after stepping away from Thomas H. Lee Partners, the large-cap private equity firm he established in 1974. The two firms are entirely separate legal entities with no shared ownership, investment committees, or portfolio overlap. Lee Equity targets middle-market control investments, while THL now operates independently under different leadership.

### How large is the current fund, and when did it close?

Lee Equity closed Fund IV at approximately $1.3 billion in 2022, exceeding its $1 billion target (per Buyouts, 2022). The firm has raised over $3.8 billion cumulatively since its 2006 founding. Fund IV continues the manager's strategy of maintaining a concentrated portfolio of middle-market platform companies.

### Who currently leads the firm's investment decisions?

Lee Equity is led by its partnership group, which includes long-tenured partners Yoo Jin Kim and David Morrison, who were promoted in 2023 after founder Thomas H. Lee's passing. The investment committee operates collectively, and the firm has deliberately engineered a generational transition to institutionalize decision-making beyond its founder.

### Does Lee Equity co-invest with other firms or take minority stakes?

Lee Equity is primarily a control investor and rarely takes minority positions. The firm will occasionally partner with co-investors on larger transactions, but its standard model involves acquiring majority stakes and installing operational resources to drive value creation. It does not run a minority-growth or structured-equity strategy.

## Related profiles

- [Leeds Equity Partners](https://altss.com/profile/leeds-equity-partners)
- [Leela Capital](https://altss.com/profile/leela-capital)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/lee-equity-partners

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