We invest in leading businesses managed by world class executives. We empower those management team partners to execute their vision while offering our expertise to help navigate market shifts, technology evolution and competitive pressures.
L Squared Overview
L Squared seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services.
We have over 125 years of collective experience investing in rapidly growing companies. Since its founding in July of 2014, L Squared has raised four funds and accepted commitments of over $2 billion from its investors.
Our unique investor base of primarily family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering. We build flexible capital structures around each investment.
We empower our management team partners to execute their vision while playing a collaborative role to help address the challenges that rapidly growing businesses encounter.
Investment Criteria
| Investment Types | Buyout, recapitalization and founder liquidity events |
| Target Sectors | Education Technology Tech-Enabled Services & Software Industrial Technology & Services |
| Target Revenue Size | $20 – $125 million |
| Target EBITDA Size | $5 – $30 million |
| Equity Investment Size | $50 – $125 million |
| Target Company Growth Profile | At least 15% per year |
| Geography | Anywhere in North America |
| Ownership | Majority preferred |
Our Industries
L Squared targets leading companies with attractive growth dynamics, high margins and cash flow, quality revenue streams, a strong and defensible market position and high operating leverage.
Education Technology
Early childhood, k-12 and higher education operators, products, technology, content, assessment tools, software and other services
Tech-Enabled Services & Software
Business services with integrated technology, business process outsourcing, outsourced government services, marketing services, transaction processing, data management, software-as-a-service, supply chain management, IT outsourcing, consumer services
Industrial Technology & Services
Niche electronics, precision engineered components, sensors, controls, connectors, instrumentation, specialty manufactured products, aerospace & defense, test and measurement products, specialty distribution, environmental services, water/wastewater products and services, safety products and services