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L Squared hits $325M fundraising target for latest investment vehicle

L Squared Capital Partners raised $325.0 million for its latest fund, hitting its fundraising target.

The L Squared Capital Partners II LLC fund, which was opened to investors in May 2017, attracted capital from 19 backers.

The Newport Beach, Calif.-based private equity firm makes long-term investments in growth companies in the technology-enabled services, industrial technology and education sectors.