JLL Partners

JLL Partners was founded in 1987, originally tracing its roots to the merchant bank Gilliam Joseph & Littlejohn. The firm established its current identity following the recruitment of Paul S. Levy, a former Drexel Burnham Lambert managing director, and the subsequent departures of original founders William Gilliam, Angus Littlejohn, and Peter Joseph in the 1990s. Since its inception, the firm has committed billions of dollars across multiple investment funds, focusing on middle-market companies that often require operational turnarounds.

The firm targets a diverse range of industries including healthcare, industrial manufacturing, and consumer products. Notable milestones include the acquisition of Aviation Technical Services and Point Blank Enterprises in 2015, and the formation of Renovo Health in 2020. JLL Partners has successfully raised seven private equity funds, backed by major institutional investors such as the University of California Regents and the New Jersey Pension Fund.