Term Sheet

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Leonard Green passes $6 billion mark

April 16, 2012: 10:54 AM ET

Bloomberg reported last week that Leonard Green & Partners had secured $5.8 billion in limited partner commitments for its sixth buyout fund, and that the total would push beyond $6 billion with the GP commit.

My understanding is that the information is accurate (the GP commit is $250 million), except that Leonard Green still is seeking to hit its $6 billion hard cap from outside investors. In other words, the total could be $6.25 billion when all is said and signed.

The Los Angeles-based firm was only targeting $5 billion.

Leonard Green invests in a variety of industries, but has become best-known for retail deals like BJ's Wholesale Clubs, J. Crew, The Sports Authority and Whole Foods Markets (WFM).

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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