Philadelphia · Growth · 2 people tracked
Also known as Llr Management Holdco, L.P.
Find your way into LLR
303 people in our graph share verified history with the LLR team — schools, employers, funds. One of them is your warm intro.
Investment thesis
LLR Partners focuses on lower middle market private equity investments in software and technology-enabled businesses across the knowledge economy. The firm emphasizes creating value through partnership, offering flexible capital, strategic guidance and sector expertise to support company growth. It provides portfolio companies with access to peer insights, senior advisors, board directors, industry experts and collaborative forums for sharing best practices. Founded in 1999 and headquartered in Philadelphia, LLR has raised over $7.5 billion across seven funds and partnered with more than 130 companies over 25+ years.
Source: firm website, verified Sep 13, 2026.
Team · 2 people
from the firm's website & curated
What they invest in
from 37 of 128 portfolio companiesSaaS ×23Enterprise Software ×18Healthtech ×11Digital Health ×8Cloud Computing ×6EdTech ×6Fintech ×6Cybersecurity ×5
HQs:United States×28United Kingdom×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×82 founders×43 founders×4
Where their founders studiedfrom 19 founders with education data
Villanova University ×3
Where their founders worked beforefrom 22 founders with career history
Blueprint Health LLC ×2Intrepid Communications ×2ViaWest ×2
2 hold an MBA (of 20 with degree data)
Investments · 128 tracked
founders shown can be your intro pathBy year:2022 · 12019 · 12016 · 12015 · 12014 · 15 dated
Specialty retailer for affordable goods, with 1200 stores nationwide.
Co-investorsblue 9 capital
Phreesia provides a patient intake and engagement platform with automated tools for registration, insurance verification, appointment access, and payments used by healthcare organizations.
Digital HealthHealthtechSaaSNew York, US
Chaim Indig(Executive Officer, Director)Evan Roberts(Executive Officer)inCharles Kallenbach(Executive Officer)inThomas Altier(Executive Officer)inMichael Weintraub(Director)Victor Kats(Director)
Co-investorsAscension VenturesBlue Venture FundsEscalate Capital PartnersHLM Venture PartnersLRVHealthVantagePoint Capital Partners
3Si builds concealed GPS tracking devices that help retailers, financial institutions, pharmacies, and other organizations protect high-value assets, recover stolen goods, and share verified location intelligence with police dispatch during active incidents.
CybersecurityDefense TechEnterprise SoftwareGovTechHardwareIoTUS, US
Avenues is a private school with interconnected campuses in New York and São Paulo, offering a global education that combines a shared mission, curriculum, and pedagogy with local community roots.
EdTechNew York, US
Co-investorsFrontier Growth
Brightside Academy operates more than 30 early childhood education and child care centers offering programs for infants through school-aged children, including preschool, before/after-school tutoring, and summer camps.
EdTechPhiladelphia, US
Co-investorsSJF Ventures
Celero Commerce provides payment processing technology and business management solutions for small to mid-sized businesses, distributed through financial institutions, merchants, and integrated software vendors (ISVs).
FintechSaaSSales Tech
Kevin Jones(CEO)in
Composecure develops metal card and security technology for customers seeking advanced payment card solutions.
Advanced ManufacturingCybersecurityFintechHardware
Lou DaSilva(Founder)in
DaySmart provides a point-of-sale software system for businesses that process customer payments, manage inventory, and track sales.
Cloud ComputingEnterprise SoftwareMarketing TechRetail TechSaaSSales Tech
Patrick Shanahan(Chief Executive Officer)inJohn Agostino(Chief Financial Officer)inJason Kirk(Chief Technology Officer)in
Digital Guardian is a data-centric security vendor offering data loss prevention and endpoint threat detection, acquired by Fortra in 2021.
Co-investorsGolub GrowthMassMutual VenturesFairhaven Capital Partners
Dizzion delivers cloud-based digital workspace solutions that enable distributed teams to access secure, virtualized desktop and application environments from anywhere.
Cloud ComputingCybersecurityEnterprise SoftwareFuture of WorkDenver, US
Steve Prather(Founder)inRobert Green(Founder)inManny Ladis(Founder)in
BoardJoseph Zell(Director)Brian Armstrong(Director)Brian Wallace(Director)
Co-investorsCorrelation VenturesService Provider CapitalAccess Venture PartnersGrotech VenturesPoint B Capital
Edmunds serves local municipalities and government authorities with specialized software and implementation services.
Enterprise SoftwareGovTechSaaS
Bob Edmunds(CEO & Executive Chairman)inBob Edmunds, Jr.(Chief Revenue Officer)
Co-investorsTA Associates
ePayPolicy provides digital payment processing and related tools designed for the insurance industry to streamline operations and client interactions.
FintechInsurTechSaaSAustin, US
Co-investorsAccel-KKR
Health Recovery Solutions (HRS) provides an EHR-integrated remote patient monitoring platform along with clinical advisory, logistics, reimbursement, and support services for healthcare organizations, payors, and providers.
Digital HealthHealthtechSaaSHoboken, US
Jarrett Bauer(Executive Officer, Director)inRohan Udeshi(Executive Officer, Director)inDaniel Priece(Executive Officer, Director)in
Co-investorsAlpha Ascent Ventures LlcEdison PartnersSaaS Capital
Illuminate provides a Multi-Tiered System of Supports (MTSS) management solution that helps K-12 schools identify universal student needs, track interventions, and monitor progress using data-driven assessments.
Data & InfrastructureEdTechHealthtechSaaS
IntelliShift Telematics provides real-time GPS tracking, vehicle diagnostics, fuel monitoring, and driver behavior analysis for fleet operations across cars, trucks, heavy equipment, and trailers.
IoTLogistics & Supply ChainSaaS
John M Cunningham Jr(Founder)in
LEARN provides applied behavior analysis (ABA) therapy services for children with autism, using a contemporary, child-centered approach that integrates family values and interests.
Digital HealthEdTechHealthtechMental Health
Michael Maloney(Founder)in
Web-based business intelligence software (acquired by Marlin Equity Partners)
Co-investorsSummit PartnersUpdata Partners
LS Direct is a data-driven marketing company that combines first-party data analytics with direct mail and multichannel campaigns to help enterprise brands in retail and travel sectors identify purchase intent and measure ROI.
AdTechAI & Machine LearningData & InfrastructureDirect to ConsumerMarketing TechSuffern, US
Chris Knoebel(Co-Founder & Vice President)inJeff Horowitz(President & CEO)in
Magaya is a supply chain automation platform serving freight forwarders, warehouse operators, eCommerce businesses, and other logistics professionals.
Enterprise SoftwareLogistics & Supply ChainSaaS
Jesús David Rodríguez(Co-founder)inJosé Yoniel García(Co-founder)Gabriel T. Ruz, Jr.(Co-founder)
Nonstop Health provides a first-dollar benefits platform that removes financial barriers to healthcare for employees, helping employers and nonprofits simplify benefits administration.
Digital HealthEnterprise SoftwareHealthtechInsurTech
Darrell Young(Chief Technology Officer, Co-Founder)inPaymon Farazi(Chief Executive Officer)
Orbis Education partners educational institutions with healthcare providers to develop and manage online, hybrid, and accelerated degree programs for pre-licensure healthcare professionals.
EdTechHealthtechCarmel, US
PCS Software develops transportation management solutions for logistics and transportation businesses.
AI & Machine LearningLogistics & Supply ChainSaaS
Mark A. Hill(Chief Executive Officer)inLori Marwill(Chief Financial Officer)inDanielle Villegas(Chief Product Officer)inJohn D. Partain(Chief Customer Officer)inAlan Gunn(Vice President of Sales)inBess Lauer(Vice President of Marketing)in
Co-investorsStellus Capital Management
Co-investorsUpdata Partners
Preparis offers a unified, cloud-based business continuity planning suite covering emergency alerts, planning, risk and business impact assessment, incident detection, and reporting.
Cloud ComputingCybersecurityEnterprise SoftwareSaaSAtlanta, US
Armistead Whitney(Executive Officer, Director)in
BoardFrank X Dalton(Director)Mike Parham(Director)Melanie Bialko Leeth(Director)
Co-investorsAtlanta Technology AngelsFulcrum Equity PartnersCollective Capital Ventures
Quantum Workplace provides an all-in-one HR software platform that connects employee engagement, performance management, development, and recognition data in a single view for HR leaders, managers, and executives.
Enterprise SoftwareHR TechSaaS
Co-investorsAcadian Ventures Management, LlcJurassic Capital
RapidRatings provides data services to evaluate supplier performance and mitigate supply chain disruptions for large enterprises.
Data & InfrastructureEnterprise SoftwareFintechSaaSNew York, US
Co-investorsFTV CapitalSpectrum Equity
Relay operates a compliance-focused channel platform that serves as an execution layer for customer communications, ensuring regulated enterprises deliver sensitive messages with regulatory compliance and verified completion.
Enterprise SoftwareMarketing TechSaaSWayne, US
Matthew Gillin(Founder)inJay Lavin(EVP Partnerships & Business Development (founding member))in
Co-investorsKarlani Capital
Schweiger Dermatology Group is a dermatology practice that provides medical and cosmetic dermatological services to patients, with locations across multiple areas and handling insurance billing, co-pays, and cosmetic procedures.
Digital HealthHealthtechMedical DevicesWellness & FitnessNew York, US
Dr. Eric Schweiger
Co-investorsLnkSV Health Investors
Live video surveillance service for commercial properties offering remote monitoring and guard replacement.
Co-investorsEgis Capital Partners
Sterling Trading Technology provides professional trading platforms for equities, options, and futures across retail brokers, proprietary trading firms, hedge funds, and institutional clients.
Cloud ComputingEnterprise SoftwareFintechSaaS
Jen Nayar(President & CEO)inKeith Cacciola(Chief Customer Officer)inBrendan O'Sullivan(Chief Operating Officer)inDave Weiss(Chief Technology Officer)Jason Rosenthal(Chief Financial Officer)in
Stratix provides enterprise mobility solutions and managed services for large organizations, helping design, deploy, and support mobile device programs across industries including retail, healthcare, aviation, and manufacturing.
Enterprise SoftwareIoTLogistics & Supply ChainMobility & TransportationSaaSPeachtree Corners, US
Co-investorsTailwind Capital
Submittable is a platform for managing grant applications and fund disbursement, serving nonprofits, foundations, and government agencies that administer grants and programs.
Enterprise SoftwareGovTechSaaSMissoula, US
Michael FitzGerald(Founder/CEO)inJohn Brownell(Founder/CTO / Developer)inBruce Tribbensee(Founder)inJoseph Silver(Executive Officer)Thor Culverhouse(Executive Officer, Director)in
BoardMichael Smerklo(Director)in
Co-investorsAccel-KKRK5 VenturesNext Coast VenturesNext Frontier CapitalY CombinatorTrue Ventures
SUN Behavioral Health operates inpatient hospitals and home- and community-based programs providing mental health and substance use disorder treatment across a full continuum of care, from crisis stabilization to long-term recovery.
Digital HealthHealthtechMental Health
Steve Page(CEO & Founder)in
BoardEugene Hill(Director)Wilfred Jaeger(Director)David Fitzgerald(Director)Brian Murphy(Director)
Co-investorsSV Health Investors
Suvoda provides software solutions for managing complex clinical trials, including therapeutic areas such as oncology, central nervous system disorders, and rare disease.
Digital HealthHealthtechSaaSConshohocken, US
Jagath Wanninayake(Founder & CEO)inMarius Manole(Executive Officer, Director)Robert Hummel(Co-founder & Chief Operating Officer)inKlaus Besier(Director)Anuj Goswami(Director)Fred Kyle(Director)
Co-investorsBain Capital Tech Opportunities
TrueLearn provides test preparation and exam simulation platforms for medical students, residents, and healthcare professionals through practice question banks and analytics to help them succeed on standardized exams.
Digital HealthEdTechHealthtechSaaS
Joshua Courtney(Founder, Executive Chairman of the Board)in
TrustEngine provides a unified software platform that integrates borrower intelligence and guidance tools for mortgage lenders, enabling loan officers to deliver informed financial advice throughout the borrower relationship lifecycle.
AI & Machine LearningEnterprise SoftwareFintechMarketing TechPropTechSaaS
TurboTenant provides tenant screening reports and rental application services for independent landlords managing rental property investments.
PropTechSaaSFort Collins, US
Sarnen Steinbarth(CEO)in
Co-investorsAccess Venture PartnersRET VenturesService Provider CapitalAccess Ventures
A leading independent provider of full-service fund administration, fund accounting and investor solutions for public and private fund managers in the U.S.
Co-investorsHamilton Lane
UltiSat provides managed satellite, terrestrial, and wireless network services along with cybersecurity and systems integration for defense, national security, civil government, and critical infrastructure customers.
CybersecurityDefense TechGovTechSpace TechWashington D.C., US
Jim Scott(CEO and President)in
Columbus, US
Eric McGlade(Executive Officer, Director)Scott Crow(Executive Officer, Director)
BoardMichael Swanson(Director)Mark Shary(Director)Peter Davies(Director)
Co-investorsRadian CapitalTamarind Hill
Viventium provides payroll and HR software specifically designed for healthcare providers, including solutions for staff hiring, retention, and labor compliance management.
Enterprise SoftwareHealthtechHR TechSaaS
Navin Gupta(Chief Executive Officer)inPeter Goepfrich(Chief Financial Officer)inTerra Vicario(Chief Client Officer)inBen Johnson(Chief Technology Officer)inPatrick Manzo(Chief Commercial Officer)in
Co-investorsABS Capital PartnersCamden Partners
Opal is an AI-enabled service delivery platform that enables content creators to translate and localize content directly within their existing work tools, with modular AI building blocks and pre-built connectors to enterprise systems.
AI & Machine LearningEnterprise SoftwareSaaSNew York, US
Paul Carr(Chief Executive Officer)Chris Grebisz(Chief Technology Officer)
Integrated risk management solutions combining global threat intelligence and response services for multinational organizations.
Co-investorsEgis Capital Partners
YCharts is a financial research and client engagement software company serving financial advisors, RIAs, asset managers, banks and trust companies, and individual investors.
Chicago, US
Shawn Carpenter(President; Chief Executive Officer; Secretary; Treasurer)inNicholas Kocinski(Secretary)
BoardKapil Chaudhary(Director)Jeremy Diamond(Director)Brian Hand(Director)R. H. Bailin(Director)
Co-investorsHyde Park Angels
Exits · 3
IPOs and acquisitions across the tracked portfolioFive BelowNASDAQ: FIVEPhreesiaNYSE: PHRLogi Analyticsacq. by Marlin Equity Partners
Portfolio news
latest coverage across their companies
Phreesia · mychesco.com · Aug 17, 2026
Submittable · missoulian.com · May 10, 2026
Fund performance · per public LP disclosures · 5
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| LLR Equity Partners VIILPs: Pennsylvania Public School Employees' Retirement System, Maryland State Retirement and Pension System | 2023 | — | — | 1.10x | 0.02x |
| LLR Equity Partners VILPs: Pennsylvania Public School Employees' Retirement System, Maryland State Retirement and Pension System | 2020 | — | 5.6% | 1.17x | 0.20x |
| LLR Equity Partners VLPs: Pennsylvania Public School Employees' Retirement System, Maryland State Retirement and Pension System | 2017 | — | 19.0% | 2.32x | 0.74x |
| LLR Equity Partners IVLPs: Pennsylvania Public School Employees' Retirement System, Hawaii Employees' Retirement System, Maryland State Retirement and Pension System | 2013 | — | 27.0% | 2.82x | 2.48x |
| LLR Equity Partners IIILPs: Pennsylvania Public School Employees' Retirement System | 2008 | — | 17.9% | 2.40x | 2.40x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has LLR made?
- LLR has 127 tracked investments, 2 of which have exited via acquisition or IPO.
- What stage does LLR invest at?
- LLR invests at the Growth stage.
- What is LLR's typical check size?
- LLR typically writes checks of $10M – $200M.
- What sectors does LLR focus on?
- LLR focuses on Advanced Manufacturing, EdTech, Enterprise Software, Fintech, GovTech, Healthtech, HR Tech, SaaS, Sector Agnostic.
- Where is LLR located?
- LLR is headquartered in Philadelphia, US.
- Does LLR lead rounds?
- Yes, LLR leads investment rounds.
- Who does LLR co-invest with?
- LLR most often shares deals with Accel-KKR, Egis Capital Partners, Service Provider Capital, among 44 tracked co-investors.
Images
Similar investors
Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.
Leeds Equity Partners is a private equity firm that partners with management teams to build companies addressing significant challenges, focusing exclusively on the Knowledge Industries.
Stout Street Capital is an early-stage venture firm run by former startup founders that invests in post-product, post-revenue technology startups and hosts the UNMET conferences to help founders raise capital.
Fides Capital is a Spanish investment firm that backs technology companies across sectors including HR tech, media, healthtech, logistics, fintech, energy, cybersecurity and mobility.
Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.