In 2002, after a lengthy fund-raising process, the rechristened "JLL Partners" closed a new private equity fund, JLL Partners Fund IV LP., with $750 million of investor commitments, representing a 25% decrease from its previous fund.PrivateEquityCentral.net, "JLL Partners Gets Back in the Action", November 29, 2002Carey, David "JLL Partners Closes 4th Fund." The Daily Deal, November 18, 2002
