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Levine Leichtman Capital Partners
Levine Leichtman Capital Partners (LLCP) is an established middle market private equity firm with four decades of successful U.S. and European Structured...
Levine Leichtman Capital Partners
Levine Leichtman Capital Partners (LLCP) is an established middle market private equity firm with four decades of successful U.S. and European Structured Private Equity investing. LLCP’s Structured Private Equity strategy invests in a combination of debt and equity securities, offering monthly cash distributions, long-term capital appreciation and downside protection. The firm invests in non-cyclical, less-correlated to GDP sectors through Structured Private Equity platforms focused on the middle market and lower middle market in the U.S. and Europe.
General information
Firm type
Private Equity
Year founded
1984
Location
Region
North America
Country
United States
City
Beverly Hills
Corporate office
Beverly Hills, CA, United States
Additional offices
New York, NY · Chicago, IL · Miami, FL · Dallas, TX · London, UK · Stockholm, Sweden · Amsterdam, Netherlands
Principals
Arthur Levine
Co-Founder
Lauren Leichtman
Co-Founder
Matthew Frankel
Managing Partner
Sector focus
Frequently asked questions
Who makes investment decisions at LLCP?
Investment decisions are driven by the firm's Investment Committee, which includes co-founders Arthur Levine and Lauren Leichtman alongside Managing Partners Matthew Frankel, Josh Kaufman, and Michael Weinberg. The firm operates with a consensus-driven culture, and the founders remain active in final approval decisions across the flagship fund and credit platform.
What size companies does LLCP typically target?
LLCP targets middle-market companies generating between $5 million and $50 million in EBITDA. Typical equity investments range from $25 million to $200 million, with transaction values spanning $50 million to $500 million. The firm can write larger checks for platform investments accompanied by a dedicated add-on acquisition strategy.
Does LLCP invest outside the United States?
Yes. LLCP expanded into Europe and maintains offices in London, Stockholm, and Amsterdam. The firm pursues the same structured equity strategy in Western Europe, targeting founder- and family-owned companies in the same core sectors. European deal teams operate with local relationship networks but share investment committee oversight with the US partnership.
What is LLCP's relationship to its credit platform, Levine Leichtman Credit Partners?
Levine Leichtman Credit Partners operates as a separately managed vehicle under the LLCP umbrella, focusing on credit-oriented investments rather than structured equity. It draws on the same sector expertise and origination network but deploys capital through debt securities with different risk-return profiles than the flagship equity funds.
Which sectors does LLCP explicitly avoid?
LLCP has historically avoided technology startups, energy extraction, commodity-exposed industrials, biotechnology, and any business model dependent on speculative revenue growth without proven unit economics. The firm's structured equity model requires predictable cash flows to service the preferred returns embedded in its instruments, which naturally excludes pre-profit and highly cyclical sectors.
How are the founders involved in the firm today?
Arthur Levine and Lauren Leichtman remain active as co-founders and Investment Committee members. While day-to-day management has transitioned to a cadre of Managing Partners including Matthew Frankel, Josh Kaufman, and Michael Weinberg, Levine and Leichtman retain final sign-off authority on investment decisions and continue to shape the firm's long-term strategic direction and partnership succession.
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