Growth Equity
LLR Partners
LLR Partners takes minority stakes in growing companies, usually without full control, from Philadelphia, Pennsylvania. It states a focus on software & internet, education, healthcare & life sciences and industrials & manufacturing.
Stated investment criteria
What LLR Partners says it buys
Read from LLR Partners’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. LLR Partners states that it will take either a controlling or a minority stake. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by LLR Partners to consider any particular business, and nothing on this page is represented as being for sale.
Regulatory record
How LLR Partners is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | SEC registered |
| Regulatory assets under management | $7.6bn |
| Employees | 116 |
| Private funds advised | 19 · $7.6bn gross |
| SEC adviser number | CRD 323438 |
Recorded transactions
Buying and selling
Deals in which LLR Partners is named as buyer or seller in the transaction archive. 6 recorded exits, most recently in 2021.
| Company | Side | Counterparty | Year | Consideration |
|---|---|---|---|---|
| benefitexpress | Sold | WEX | 2021 | $275m |
| eOriginal | Sold | Wolters Kluwer | 2020 | $260m |
| Orbis Education Services LLC | Sold | Grand Canyon Education | 2018 | $363m |
| SICOM Systems | Sold | Global Payments | 2018 | $415m |
| UltiSat | Sold | SpeedCast | 2017 | $100m |
| Alsbridge | Sold | Information Services Group | 2016 | $74m |
Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.
Valuation context
Transaction values in Software & Internet
What companies have actually sold for in software & internet, across 2,672 recorded transactions.
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Comparable investors
Similar mandates
Other growth equity investors active in software & internet.