
THL
Description
Thomas H. Lee Partners (THL) is a distinguished private equity firm based in Boston, Massachusetts, established in 1974. With a long-standing history, THL focuses on identifying and acquiring substantial, often controlling, ownership stakes in companies. The firm is renowned for its deep sector expertise and a strategy centered on partnering with management teams to drive growth and operational improvements in its portfolio companies.
THL's investment approach is characterized by a focus on buyouts and significant growth equity investments within specific sectors. These include Business & Financial Services, Consumer, Healthcare, and Media & Information Services. The firm seeks out market-leading companies with strong competitive positions and significant growth potential. THL's value creation strategy often involves strategic acquisitions, operational enhancements, and digital transformation initiatives to build larger, more valuable enterprises.
Over its nearly five-decade history, THL has demonstrated significant scale, having raised over $34 billion in capital since its inception. This substantial capital base allows the firm to execute large-scale transactions. For instance, THL successfully closed its ninth flagship fund, THL Fund IX, at $5.6 billion in 2022, and an Automation Fund at $900 million in 2023, underscoring its continued ability to attract significant institutional capital. The firm's investments typically involve substantial equity commitments, reflecting its strategy of acquiring meaningful ownership positions in its target companies.
Investor Profile
THL has backed more than 29 startups, with 0 new investments in the last 12 months alone. The firm has led 19 rounds, about 66% of its total and boasts 10 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Private Equity, Series C, Series Unknown rounds (top funding stages).
- Majority of deals are located in United States, Germany, Israel.
- Strong thematic focus on Health Care, Software, Supply Chain Management.
- Typical check size: $100M – $500M.
Stage Focus
- Private Equity (72%)
- Series C (10%)
- Series Unknown (7%)
- Series D (3%)
- Post Ipo Equity (3%)
- Series A (3%)
Country Focus
- United States (90%)
- Germany (7%)
- Israel (3%)
Industry Focus
- Health Care
- Software
- Supply Chain Management
- Finance
- Artificial Intelligence (Ai)
- Logistics
- Information Technology
- Financial Services
- Hospital
- Retail
Frequently Asked Questions
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