L SQUARED CAPITAL PARTNERS
L SQUARED CAPITAL PARTNERS is a Series C+ and buyout fund in the US writing $50M–$200M checks into education-tech, tech-enabled-services-software and industrial-technology-services.
- Stages
- Series C+, buyout
- Sectors
- education-tech, tech-enabled-services-software, industrial-technology-services
- Check size
- $50M–$200M
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2014
- Assets under management
- $5.3B
Thesis
L Squared Capital Partners is a private equity firm founded in July 2014, specializing in providing growth capital to expanding companies across North America. Their investment strategy focuses on long-term value creation through strategic partnerships, prioritizing revenue and earnings growth. They invest in three core sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services, targeting leading growth companies with strong market positions and significant growth opportunities. Their investment types include buyouts, recapitalizations, and founder liquidity events, employing a proactive buy-and-build strategy. L Squared seeks companies with an enterprise value between $50 million and $500+ million, and EBITDA between $5 million and $50+ million, with equity investments typically ranging from $50 million to $200+ million and targeting a growth profile of 15% or more annually. As of April 2026, they closed their fifth fund at $2.0 billion, bringing their cumulative capital commitments to approximately $5.3 billion, which also represents their total AUM.
Common questions
Does L SQUARED CAPITAL PARTNERS invest at the Series C+ stage?
Yes. L SQUARED CAPITAL PARTNERS lists Series C+ and buyout among the stages it invests in.
What check size does L SQUARED CAPITAL PARTNERS write?
L SQUARED CAPITAL PARTNERS writes $50M–$200M checks.
Where does L SQUARED CAPITAL PARTNERS invest?
L SQUARED CAPITAL PARTNERS invests in the US.