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Kirkland Advises Valor on Closing of $1.7 Billion Growth Fund V

Kirkland & Ellis counselled Valor Equity Partners, a leading growth-focused private equity investment firm headquartered in Chicago and with offices in New York City, San Francisco, and Seattle, on the final closing of Valor Equity Partners V, a $1.7 billion fund. Fund V was substantially oversubscribed, which required an increase in the hard cap set forth at the launch of the fundraising process. Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.

The Kirkland team was led by investment funds partners Chris Kallos, Adam Parks, Alexandria Glispie and Warren Goodworth and associates Syed Madani, Chad Rogers, Nick Kristensen and Omotunde Okesanya; and included investment funds partners Scott Moehrke and Ryan Swan; tax partner Dan Meehan; and ERISA partner Elizabeth Dyer.

Since July 2015, Kirkland has advised more than 600 unique sponsors on the formation of over 1100 funds with total capital commitments in excess of $1.42 trillion.

Read Valor’s press release

Kirkland Represents Hosen Capital on Successful Fundraising

Kirkland & Ellis advised Hosen Capital (Hosen), a leading private equity firm focused on investing in middle-market control and growth opportunities in the food and consumer sectors in China, on the fundraising and final closing of its third USD fund at $800 million. The fund receives strong support from a broad mix of global investors, including prominent sovereigns, pensions, endowments, financial institutions, corporates, family offices and fund of funds.

The Kirkland team was led by investment funds partners Carol Liu and Jennifer Feng and included investment funds partners Josh Westerholm and Christopher Scully, financial services regulatory partner Romin Dabir, tax partner Aalok Virmani, government and internal investigations partner Nick Niles, employee benefits partner Elizabeth Dyer and banking regulatory of counsel Julie Kunetka.

Read Hosen’s press release

Kirkland Counsels Authentic Equity on $230 Million IPO

Kirkland & Ellis advises Authentic Equity Acquisition Corp., a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, on its initial public offering of 20 million units at $10 per unit and the sale of an additional 3 million units at a price of $10 per unit pursuant to the underwriters’ full exercise of their over-allotment option. Total gross proceeds from the offering were $230 million before deducting underwriting discounts and commissions and other expenses.

The Kirkland team was led by capital markets partners Christian Nagler and Debbie Yee and associates Chris Fox and Ibe Alozie; transactional partners Mike Movsovich and James Hu and associate Michael Chung; tax partners Scott Fryman and Mike Beinus; investment funds partner Alexandria Glispie; and ERISA partner Elizabeth Dyer.

Read Authentic Equity’s press release

Kirkland advises Vitruvian on closing of fourth fund at €4 Billion

Kirkland & Ellis advised leading International private equity firm Vitruvian Partners on the closing of VIP IV, one of the largest funds in the market focused on supporting high growth companies in the middle market. With a primary focus in Europe, VIP IV has a global reach with the ability to support businesses seeking assistance with international expansion. The fund was oversubscribed and reached its hard cap in under three months.

The Kirkland team was led by London investment funds partners Amala Ejikeme and Richard Watkins; tax partners Ian Ferreira, Frazer Money and Alec Campbell; and financial services regulatory partners Lisa Cawley and Prem Mohan. The US team was led by investment funds partners Joshua Westerholm and Christopher Scully; and employee benefits partner Elizabeth Dyer.

Kirkland & Ellis LLP is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland is the largest law firm in the world by revenue, and the seventh largest by its number of attorneys. Kirkland is the first law firm in the world to reach US$4 billion in revenue and the largest firm by revenue globally.