Ropes & Gray Advised THL Partners in Close of $6.35 Billion “Fund X”

In The News
May 5, 2026

Ropes & Gray represented THL Partners, a premier private equity firm investing in middle-market growth companies, in the final close of THL Equity Fund X, L.P. (“Fund X”), with $6.35 billion in investable capital. The announcement was made in a May 4 press release.

Fund X received strong support from a diverse group of both existing and new investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, and family offices across North America, Latin America, Europe, Asia, Australia, and the Middle East. Fund X will continue THL’s longstanding strategy of investing in middle-market companies across its three core industry verticals: Financial Technology & Services, Healthcare, and Technology & Business Solutions.

This team included asset management partners Peter Laybourn, Jennifer Geffner, Laura Hirst, Nicole Krea, and Eve Ellis, tax partner Dan Zuckerman, and litigation & enforcement partner Brendan Hanifin, employment, executive compensation & employee benefits partner Josh Lichtenstein.