Goldman Sachs Group Petershill unit has acquired a minority stake in Philadelphia-based private equity firm LLR Partners, Bloomberg reports, citing people familiar with the matter. Petershill and LLR, which oversees about $3 billion, have notified their investors about the deal, one of the people said, asking not to be identified discussing confidential information.
Founded in 1999, LLR focuses on investing in technology and health-care companies and aims to write equity checks of between $25 million and $200 million, according to its website. It’s backed businesses including parking software and payments provider ParkHub and medical platform Eye Health America. Read more.
