Newport Beach, CA – L Squared Capital Partners (“L Squared”) is pleased to announce the closing of a single-asset continuation fund transaction for FineLine Technologies (“FineLine” or “the Company”), a premier provider of variable data solutions to retailers, brands, and manufacturers worldwide. This transaction continues L Squared’s ownership of the Company and reaffirms its commitment to support FineLine’s long-term growth strategy. The new continuation fund acquired L Squared Fund I’s stake in FineLine. L Squared also maintains an investment in FineLine through L Squared Fund III, alongside funds affiliated with Leonard Green & Partners, L.P.

The transaction was co-led by Kline Hill Partners, StepStone Group, Churchill Asset Management, and J.P. Morgan Asset Management. The new L Squared continuation fund includes additional capital to support FineLine’s growth initiatives both organically and through strategic acquisitions.

“We are pleased to have partnered with a high-quality group of new investors on this oversubscribed transaction,” Rob Healy, Co-Founder and Managing Partner of L Squared, said. “It generated an attractive liquidity option for our Fund I LPs, allowed us to close out Fund I, and gave us the opportunity to continue onward with the next phase of transformational growth of a proven platform. The company has more than doubled its revenue since our Fund I investment and we remain excited about FineLine’s growth prospects as RFID solutions are adopted by new end markets.”

Raudel Yanez, Managing Director at Kline Hill Partners, said “On behalf of the investor group, we are excited to partner with L Squared, a top performing general partner, to continue to support the strong growth potential of a market leading business.”

Robert W. Baird & Co. served as exclusive financial advisor to L Squared and VedderPrice provided legal counsel on the transaction. Stephenson Harwood LLP acted as legal counsel for the co-lead investor group.

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About L Squared Capital Partners

L Squared Capital Partners is a private equity investment firm with over $2 billion of equity commitments under management and is headquartered in Newport Beach, CA, that 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. L Squared’s unique investor base of family offices and institutions enables the Firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering, or market timing. The principals of L Squared have worked together for over 15 years and have over 125 years of combined experience investing in growing private companies. For more information, please visit www.LSquaredCap.com.

About FineLine Technologies

FineLine Technologies (FineLine) is a leading provider of data-driven labeling, RFID tagging, and barcoding solutions for retail and other verticals. FineLine partners with brands, retailers, and suppliers worldwide to streamline inventory and improve operational efficiency through innovative labeling and RFID technology. Founded in 1998, FineLine is headquartered in Norcross, GA, and operates globally, supporting clients with a customer-focused approach and state-of-the-art printing facilities. For more information, please visit www.finelinetech.com.

About Kline Hill Partners

Founded in 2015, Kline Hill Partners is an investment firm specializing in the private equity secondary market, with industry-leading capabilities in small and other less competitive transactions. With over $4.2 billion in assets under management, Kline Hill’s funds are backed by a blue-chip investor base that includes endowments, foundations, family offices, and other institutional investors. Kline Hill’s platform covers the entirety of the secondary market, offering solutions for traditional LP secondaries across private equity, venture capital, growth equity, and other private market strategies, as well as single and multi-asset GP-led transactions in partnership with leading mid-market sponsors. For more information, please visit https://klinehill.com/.

About StepStone Group

StepStone Group Inc. (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to its clients. As of September 30, 2024, StepStone was responsible for approximately $682 billion of total capital, including $176 billion of assets under management. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds and insurance companies, as well as prominent endowments, foundations, family offices and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. For more information, please visit www.stepstonegroup.com.

About Churchill Asset Management LLC

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to U.S. middle market private equity firms and their portfolio companies across the capital structure. With over $50 billion of committed capital, Churchill provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy and investment approach are driven by nearly 200 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. Together with our sister company Arcmont Asset Management, we comprise Nuveen Private Capital, a $74 billion private capital platform and one of the largest private debt managers globally. More information can be found at www.churchillam.com.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management is a global leader in alternatives, with over 60 years of experience managing alternative investments, including real estate, private equity, private credit, liquid alternative products, infrastructure, transport, hedge funds, and forestry. As of September 30, 2024, J.P. Morgan oversees more than $400 billion in alternative assets. With $3.5 trillion in assets under management as of September 30, 2024, J.P. Morgan Asset Management serves institutions, retail investors, and high-net-worth individuals across every major market globally. The firm offers comprehensive investment management services in equities, fixed income, alternatives, and liquidity. For more information, visit www.jpmorganassetmanagement.com.

This press release is provided for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission.  Registration does not imply a certain level of skill or training.  Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.