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L&L Appoints New Managing Director, Head of Capital Raising

Patrick Connell Joins New York City Office with 15 Years of Financial Experience
July 27, 2018
L&L Holding Company LLC has hired Patrick Connell as a managing director and head of its capital raising division.

Based in the firm's New York City office, Connell will report to Chief Executive David Levinson and President Robert Lapidus, responsible for raising capital and developing new strategic partnerships with institutional investors including pension funds, sovereign wealth funds, family offices, endowments and foundations.

Connell will also manage existing strategic partnerships with groups such as J.P. Morgan Asset Management, which committed $500 million to a new joint venture with L&L last year.

"Just as our recently-announced joint venture with J.P. Morgan will enhance our ability to acquire and redevelop value-add office opportunities, Patrick will make us even more nimble and effective in the pursuit of new business development opportunities," Lapidus said. "His experience and expertise will help us build new relationships and pursue our strategic objectives."

Connell brings more than 15 years of experience in the financial services industry, most recently serving as a principal at Riverstone Holdings in New York, where he helped raise capital from institutional investors for several private equity and credit funds.

His career also includes stints with Partners Group, Citi Private Equity Funds Group, JPMorgan and GE Capital. He holds an MBA in finance from the University of Virginia Darden School of Business and earned his bachelor's degree in finance from Boston College's Carroll School of Management.

The new hire comes during a time of rapid growth for L&L. In January, Levinson and Lapidus partnered with MaryAnne Gilmartin to create L&L MAG. The new company focuses on major ground-up development projects.
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