LLR Partners Overview
LLR Partners is a lower middle market private equity firm which provides equity capital for recapitalization, growth and buyouts.
The firm works with their portfolio companies to formulate growth strategies, turn them into actionable steps, and build long-term value.
They have a dedicated team called Value Creation Team (VCT) who employs teamwork, data-driven advice, and expert knowledge to help companies achieve a unique competitive advantage in their respective markets and reach their full potential.
LLR Partners primarily invests in the following sectors:
- Industrial Tech
- Security and Software
Ira M. Lubert founded LLR Partners in 1999. He is also the co-founder of Ludert-Adler, Quaker Partners, LEM Capital, Patriot Financial, and LBC Credit Partners.
LLR Partners AUM
As of March 29, 2023, LLR Partners manages $4.6 billion worth of assets according to the most recent regulatory filings.
LLR Partners Interview Process & Questions
Firms can always make changes in their interview process for each candidate. But if you’re interviewing at LLR Partners (or a firm like it), here’s a general overview of what you can expect:
- Usually, there will be 4 to 6 rounds of interviews
- The HR team or junior investment professionals will lead the initial rounds, while the more senior staff takes charge of the later rounds
- The entire process extends over multiple weeks, except if it’s “on-cycle” or “on-campus” recruiting
Expect the interviewers at LLR Partners to ask you a combination of behavioral questions, fit questions, and technical / investing questions.
Take a minute to check Growth Equity Interview Guide if you need help preparing for interviews.
Why LLR Partners
The question “Why this firm?” is one of the frequently asked and important questions to answer properly during interviews.
If you’ve met people who work at the firm during your networking efforts, this is the right time to mention them and how they’ve made a positive impact in your decision to apply.
Also, it’s a good practice to research the firm before attending the interview. For this, I highly recommend listening to interviews with its founders, investors, and key personnels.
To start with, here’s an interesting interview with Cary Burch, Senior Operating Advisor at LLR Partners:
- Howard Ross of LLR Partners joins exclusive event by Nth Round
- Christian Bullitt, a partner at LLR Partners, on private equity opportunities
- LLR Partners’ Kristen Chang discusses key issues in selecting top management for portfolio companies
LLR Partners Case Study
Interviewees almost always encounter case study during interviews. That’s because firms use case studies to assess the communication skills and technical knowledge of the candidates.
Most case studies at firms like LLR Partners center around investment recommendations and financial modeling. But for junior roles, a cold calling case study may be required as well.
Learn more about case studies inside my Growth Equity Interview Guide.
LLR Partners Salary & Compensation
According to Glassdoor’s record, the estimated total pay for analysts at LLR Partners is $112,126 per year and for associates, the estimated annual salary is $126,481. As shown below, these figures represent the median and can still vary depending on the candidate’s level of experience, education, and skills.
LLR Partners Careers, Jobs, & Internships
Check out our job board to view open roles at LLR Partners. When you visit the job board, you can also find other promising job opportunities from similar firms.
LLR Partners Portfolio & Investments
Since inception, LLR Partners has managed six funds and invested in 100+ growth companies in their chosen sectors. Some of their notable deals include Azalea Health, HighPoint Solutions, and Orbis Education
Notable Transaction: Phreesia
Phreesia is a SaaS company that helps patients to have an active role in their care through their automated tools for patient registration, clinical support, patient activation, appointments while supporting healthcare organizations to optimize their profitability, staffing, and clinical care.
In October 23, 2014, Phreesia secured a $30 million investment led by LLR Partners.
Scott Perricelli from LLR Partners explains their strategic investment in Phreesia. He emphasized that Phreesia’s innovative solutions play a huge role in improving healthcare delivery and profitability for medical practitioners. Perricelli also highlights Phreesia’s rapid growth and strong leadership team which contributed to the investment decision.
The funding was allocated for Phreesia’s continued growth, market leadership plans, and service development to add more value to their customers and patients.
If fintech, education, industrial tech, healthcare, security and software industries are your field of interests, LLR Partners might be the right firm for your finance career aspirations. To ensure you’re well-prepared and confident during your interviews, in case you decide to apply for an open role at LLR Partners, I suggest you check out my Growth Equity Interview Guide.
The Growth Equity Interview Guide is a self-paced online course which provides step-by-step growth equity lessons, examples, frameworks, and mental models to professionals who want to ace their interviews and get selected for the role they’re applying for.
Get the course and start learning today!