Leonard Green & Partners, the Los Angeles-based buyout firm that has backed burger chain Shake Shack, apparel retailer J.Crew and U.K. fitness chain Pure Gym Ltd., has raised $14.75 billion for two new funds, including a middle-market focused fund, according to a person familiar with the matter. The private-equity firm collected the total in roughly seven months, including $12 billion for its latest flagship buyout fund, Green Equity Investors VIII LP, the person said. Both that amount and the $2.75 billion raised for...

Source: Wall Street Journal December 09, 2019 01:07 UTC