Private Equity

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Thomas H. Lee Partners

Thomas H. Lee Partners, L.P. (THL or THL Partners) is a Boston-based private equity firm specializing in middle-market growth investments. Founded in 1974, the...

Thomas H. Lee Partners logo

Thomas H. Lee Partners

Thomas H. Lee Partners, L.P. (THL or THL Partners) is a Boston-based private equity firm specializing in middle-market growth investments. Founded in 1974, the firm employs an integrated model combining deep sector expertise via its Identified Sector Opportunity (ISO) framework with operational support from its Strategic Resource Group (SRG). It focuses exclusively on three verticals: Financial Technology & Services, Healthcare, and Technology & Business Solutions (per firm website and 2026 Fund X announcements). THL partners with management teams to accelerate growth, improve operations, and create lasting value through buyouts and growth capital. The firm is currently investing from its tenth flagship fund, THL Equity Fund X, which closed with $6.35 billion in investable capital in May 2026 (per official press release). Across its history, THL has managed or deployed $50 billion of equity capital, partnered with over 175-180 companies worldwide, and supported more than 700 add-on acquisitions representing aggregate enterprise value exceeding $260-270 billion (per thl.com About page and Fund X release, 2026). Leadership includes Co-CEOs Scott Sperling and Todd Abbrecht. Headquarters are at 100 Federal Street, Boston, MA. THL emphasizes long-term partnerships, operational excellence, and sector specialization rather than generalist investing.

General information

Firm type

Private Equity

Year founded

1974

AUM

$50B equity capital managed/deployed (2026)

Location

Region

North America

Country

United States

City

Boston

Corporate office

Boston, MA, United States

Principals

Scott Sperling

Co-Chief Executive Officer and co-chair of the Management Committee

Todd Abbrecht

Co-Chief Executive Officer and co-chair of the Management Committee

Dan Jones

Chief Operating Officer, Head of the Strategic Resource Group, and Management Committee member

Ganesh Rao

Managing Director, Head of Financial Technology & Services, and Management Committee member

Joshua Nelson

Managing Director, Head of Healthcare, and Management Committee member

Jim Carlisle

Managing Director, Head of Technology & Business Solutions, Head of Automation Fund, and Management Committee member

Sector focus

Healthcare ServicesEnterprise SoftwareFinancial ServicesConsumerIndustrial Tech

Frequently asked questions

What is Thomas H. Lee Partners?

Thomas H. Lee Partners, L.P. is a premier private equity firm that invests in middle-market growth companies across Financial Technology & Services, Healthcare, and Technology & Business Solutions verticals, using deep sector expertise and operational resources to partner with management teams.

When was Thomas H. Lee Partners founded?

The firm was founded in 1974 by Thomas H. Lee and has over 50 years of experience as investors and operators.

Where is Thomas H. Lee Partners headquartered?

THL is headquartered at 100 Federal Street, Boston, Massachusetts, United States.

How much capital has Thomas H. Lee Partners managed or deployed?

The firm has managed or deployed $50 billion of equity capital, worked with over 175-180 partner companies, and completed more than 700 add-on acquisitions (as stated on its official website and 2026 announcements).

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