Leonard Green & Partners
Leonard Green & Partners is a Los Angeles-based private equity firm founded in 1989, managing approximately $85 billion in AUM across flagship buyout, middle-market, and GP-led secondary funds, investing in market-leading consumer, healthcare, business services, distribution, and industrial companies.
- Company typePrivate
- Founded1989
- HeadquartersLos Angeles, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Leonard Green & Partners does
Leonard Green & Partners (LGP) is a Los Angeles-based private equity investment firm founded in 1989 by Leonard I. Green, managing approximately $85 billion in assets under management as of December 31, 2025. The firm invests in market-leading companies across consumer, healthcare, and business services, as well as distribution and industrials, executing buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. Since inception, LGP has completed over 160 investments.
LGP operates three fund families: Green Equity Investors (flagship buyout funds), Jade Equity Investors (middle-market buyout funds), and Sage Equity Investors (single-asset continuation vehicles, with its inaugural fund closing at over $3.6 billion in January 2026). The firm maintains a single office in Los Angeles to support collaborative decision-making and significant team continuity, with multiple Managing Partners and Senior Partners holding 20-30+ year tenures.
LGP's revenue model is built on management fees (subscription-style recurring revenue on committed/invested capital across its fund families) plus carried interest (transaction-style performance fees from successful realizations). The firm monetizes this model through direct investments in portfolio companies sourced both proprietary and via competitive processes, with notable current and recent portfolio companies including Topgolf, Mister Car Wash, HUB International, Life Time, Advantage Solutions, and 1-800 Contacts.
Leonard Green & Partners firmographics
Firmographics- Name
- Leonard Green & Partners
- Legal name
- Leonard Green & Partners, L.P.
- Website
- http://www.leonardgreen.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Leonard Green & Partners is a Los Angeles-based private equity firm founded in 1989, managing approximately $85 billion in AUM across flagship buyout, middle-market, and GP-led secondary funds, investing in market-leading consumer, healthcare, business services, distribution, and industrial companies.
- Ownership category
- akta.pro rank
Leonard Green & Partners industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- All Other Financial Investment Activities (52399)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
Keywords
Where Leonard Green & Partners is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Leonard Green & Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Revenue model
- Management Fees: LGP earns management fees from its flagship buyout funds (Green Equity Investors - GEI), middle-market funds (Jade Equity Investors), and single-asset continuation vehicle funds (Sage Equity Investors). Management fees are typically charged as a percentage of committed capital under management.
- Carried Interest: LGP earns carried interest (performance fees) from successful realizations of investments within its private equity funds, typically after returning capital to limited partners.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Leonard Green & Partners product offering
Product offeringCore offering
Leonard Green & Partners is a private equity investment firm that makes control and growth-equity investments in market-leading companies across consumer, healthcare, business services, distribution, and industrials. It manages approximately $85 billion in assets under management across three fund families — Green Equity Investors (flagship buyout), Jade Equity Investors (middle-market), and Sage Equity Investors (single-asset continuation vehicles).
Product overview
Leonard Green & Partners (LGP) is a private equity investment firm founded in 1989, based in Los Angeles, California, with approximately $85 billion in assets under management (as of December 31, 2025). The firm is not a product company; it provides private equity investment capital and strategic partnership services. LGP invests in market-leading companies through traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm's investment strategy focuses on services sectors including consumer, healthcare, and business services, as well as distribution and industrials. LGP manages multiple fund families including Green Equity Investors (flagship buyout funds), Jade Equity Investors (middle-market buyout funds), and Sage Equity Investors (single-asset continuation vehicle fund).
Differentiator
Problem solved
Functional benefit
Brands
- Green Equity Investors (GEI): Flagship buyout funds that seek to invest in companies with market-leading franchises and defensible competitive positions.
- Jade Equity Investors
- Sage Equity Investors
Products and services
- Green Equity Investors (GEI) Flagship buyout funds that invest in companies with market-leading franchises and defensible competitive positions. Raised $9.6 billion in 2016 and $14.75 billion in 2019.
- Jade Equity Investors Middle-market buyout funds pursuing an investment strategy within the middle-market.
- Sage Equity Investors Single-asset continuation vehicle fund investing in market-leading crown jewel assets of other GPs. Closed with over $3.6 billion in commitments, the largest dedicated private equity GP-led secondary platform in North America.
Quantifiable outcome
- ~$429,000 employed individuals across portfolio companies
- +2 more outcomes
Companies that use Leonard Green & Partners
Customer profileNamed customers11 records
Segments2 records
Ideal customer profiles3 records
Leonard Green & Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Leonard Green & Partners partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Falfurrias Management Partnersco-investment partnerLGP's Sage Fund led a single-asset continuation vehicle for Crosslake Technologies, initiated by Falfurrias Management Partners. The transaction provides liquidity to Falfurrias investors while allowing Crosslake management to continue executing on growth with two experienced PE partners.
Scale indicators11 records
Recent moves7 records
Expansion highlights5 records
Leonard Green & Partners competitors and assessment
Company assessmentDirect peers
- Warburg Pincus: Long-tenured PE firm with comparable consumer, healthcare, and business services investing activity and fund scale.
- KKR & Co. Global alternative asset manager with comparable scale and a buyout franchise that competes with LGP for similar large-cap services and consumer deals; LGP has even transacted with KKR (acquiring GeoStabilization International from KKR).
- TPG: Direct PE competitor; co-owns Troon with LGP and explores co-investment alongside LGP on large consumer deals.
- Apollo Global Management: Large-cap alternative asset manager with overlapping services and consumer buyout activity. Former LGP partner Jeffrey Suer previously worked at Apollo.
- CVC Capital Partners: Global large-cap PE firm with similar fund sizes and a comparable buyout playbook across consumer and services.
- Clayton, Dubilier & Rice (CD&R): Operationally oriented PE firm with overlapping services and distribution theses; competes with LGP for similar market-leading platforms.
- Hellman & Friedman: Large-cap, services-focused PE firm with a similar 'partner of choice' model and comparable fund scale; co-invested alongside LGP in the Anthropic AI services JV.
- Bain Capital: Diversified PE firm with a comparable services/consumer/industrial focus and similar fund sizes; competes with LGP on traditional buyouts and growth equity.
Broad incumbents
- Carlyle Group: Diversified global PE firm with comparable consumer and services investing; Carlyle's AlpInvest is the leading fund-of-funds/secondary manager that competes with LGP's Sage in the GP-led secondaries space.
- Blackstone: Largest alternative asset manager globally, with broad PE activity that overlaps LGP's services and consumer theses. Blackstone Strategic Partners is also a leading GP-led secondary sponsor that competes with LGP's Sage platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Leonard Green & Partners social profiles
Digital presenceLeonard Green & Partners compliance and trust
Trust signalCompliance1 record
Leonard Green & Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Leonard Green & Partners leadership team
Management profileNumber of profiles
Profiles16 records
Leonard Green & Partners funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Leonard Green & Partners M&A and investment
M&A and investmentM&A34 records
Investments30 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Leonard Green & Partners
What does Leonard Green & Partners do?
Leonard Green & Partners is a private equity investment firm that makes control and growth-equity investments in market-leading companies across consumer, healthcare, business services, distribution, and industrials. It manages approximately $85 billion in assets under management across three fund families — Green Equity Investors (flagship buyout), Jade Equity Investors (middle-market), and Sage Equity Investors (single-asset continuation vehicles).
Is Leonard Green & Partners a public or private company?
Leonard Green & Partners is a private company. It is classified as management employee owned and is currently operating.
When was Leonard Green & Partners founded?
Leonard Green & Partners was founded in 1989. It employs 101 to 250 people.
Where is Leonard Green & Partners based?
Leonard Green & Partners is headquartered in Los Angeles, United States, in the North America region.
How does Leonard Green & Partners make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are carried Interest.
Who are Leonard Green & Partners's main competitors?
Direct peers on record are Warburg Pincus, KKR & Co., TPG, Apollo Global Management, CVC Capital Partners, Clayton, Dubilier & Rice (CD&R), Hellman & Friedman and Bain Capital. Broad incumbents are Carlyle Group and Blackstone.
Does Leonard Green & Partners have an API?
No public API is recorded for Leonard Green & Partners.
What industry is Leonard Green & Partners in?
Leonard Green & Partners's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSAAALAG, Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure). Its NAICS code is 52399 and its SIC code is 6282.