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Leonard Green & Partners

Leonard Green & Partners was founded in 1989 by Leonard I. Green, a pioneer of the founder-friendly buyout who left corporate law to acquire and operate...

Leonard Green & Partners logo

Leonard Green & Partners

Leonard Green & Partners was founded in 1989 by Leonard I. Green, a pioneer of the founder-friendly buyout who left corporate law to acquire and operate consumer platforms like Thrifty Drug Store through Gibbons, Green, van Amerongen. Managing Partners John Danhakl and Peter Nolan have led the firm since Green’s death in 2002, extending its method of taking significant, often controlling stakes in market-leading businesses where management teams retain substantial equity. The firm acquires North American companies in consumer services, retail, healthcare, and business services with enterprise values typically above $500 million. It structures deals across multiple formats: traditional buyouts, growth recapitalizations, public-to-private transactions, and minority investments alongside founders. LGP closed its eighth flagship fund, Green Equity Investors VIII, at $14.8 billion in 2019 (per the firm, 2019). Known portfolio companies have included Shake Shack, The Container Store, Advantage Solutions, and SRS Distribution. The firm maintains deal teams across Los Angeles, Abu Dhabi, and Singapore to support portfolio companies expanding internationally. LGP has deployed approximately $63 billion in total capital since inception, according to public tracking, and employs roughly 70 investment professionals across its three offices. The firm maintains a philanthropic vehicle, the Leonard Green Foundation, which concentrates on Los Angeles education and community health. In May 2024: Promoted several professionals to partner, including Evan Hershberg and Max Rakhlenko (per the firm, May 2024). LGP’s structure as a tightly held partnership under Danhakl's leadership sets it apart from bank-owned competitors. The firm does not recycle deal fees into a broader institutional services business — private equity is the only product. This narrow mandate, combined with a long track record of holding investments for a decade or more, attracts institutional limited partners seeking pure-play exposure to mid- and upper-mid-market buyout execution.

General information

Firm type

Private Equity

Year founded

1989

Location

Region

North America

Country

United States

City

Los Angeles

Corporate office

Los Angeles, CA, United States

Additional offices

Abu Dhabi, United Arab Emirates · Singapore

Principals

John Danhakl

Managing Partner

Jonathan Seiffer

Senior Partner

John Baumer

Senior Partner

Christian W. McCollum

Senior Partner

Usama Cortas

Partner

Kristofer J. Galashan

Partner

Adam Levyn

Partner

Michael Kirton

Partner

David Kass

Partner

Evan Hershberg

Partner

Andrew Goldberg

Partner, COO & CLO

Cody Franklin

Partner, CFO

Benjamin Funk

Partner

Mike Greenman

Partner

David Fox

Partner

Garrett Hall

Partner

Sector focus

ConsumerHealthcare ServicesBusiness ServicesRetailIndustrial Tech

Frequently asked questions

Who runs investment decisions at Leonard Green & Partners?

The Managing Partner is John Danhakl, who joined the firm in 1995 and serves on the Investment Committee. The committee also includes Senior Partners Jonathan Seiffer, John Baumer, and Christian W. McCollum, as well as Partners Usama Cortas, Kristofer Galashan, Adam Levyn, Michael Kirton, David Kass, Evan Hershberg, Andrew Goldberg, Cody Franklin, Benjamin Funk, Mike Greenman, David Fox, and Garrett Hall—along with Advisory Partner Timothy Flynn.

Why does LGP operate from a single office in Los Angeles while managing ~$85B?

LGP states its single-office structure fosters a collaborative culture and nimble decision-making without bureaucracy. The firm opened investor-relations presences in Abu Dhabi and Singapore, but all investment professionals sit in Los Angeles—an uncommon structural choice at this scale that the partnership argues preserves continuity and discipline in its investment process.

What investment structures does LGP use?

LGP primarily executes traditional control buyouts, going-private transactions, recapitalizations, and growth-equity investments. The firm has made over 150 investments since 1989, and it selectively takes public equity and debt positions. Its model emphasizes taking meaningful ownership stakes and deploying in-house operating resources across services and distribution businesses.

Which sectors does Leonard Green & Partners focus on?

The firm primarily focuses on services: consumer, healthcare, and business services, as well as distribution and industrials. LGP describes itself as a partner of choice for market-leading growth companies, often working alongside founders and experienced management teams in those segments.

How is LGP's partnership structured, and what recent additions have been made?

In 2024, LGP added three Partners: David Fox joined from Blackstone Strategic Partners, Garrett Hall joined from AlpInvest Partners, and Benjamin Funk was promoted internally. The broader partnership and Investment Committee combine longtime senior leaders with newer partners, reinforcing succession depth while preserving the founding culture.

Does LGP co-invest alongside external GPs, or does it mainly lead deals?

LGP leads most of its transactions and builds control or significant minority positions, though the firm participates in co-investment structures and recapitalizations alongside founders and management teams. It does not operate as a fund-of-funds; its capital is deployed from its own commingled buyout vehicles.

Who founded Leonard Green & Partners, and what was its predecessor firm?

Leonard I. Green founded the firm in 1989 after establishing Gibbons, Green van Amerongen in 1969, one of the earliest New York-based merchant banking firms. Green retired in 2001 and the firm has since evolved under the leadership of Managing Partner John Danhakl and the current partnership.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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