Karen G. Sodke
Overview
Karen G. Sodke is a partner in the investment funds group with significant experience in a wide variety of private investment fund matters. For over 15 years, Karen has focused her practice exclusively on forming and structuring private investment funds, their general partners and management companies and related advice, including representing sponsors on secondary sale transactions, continuation vehicle matters, succession planning, and other fund related advice. She has represented sponsors on a variety of fund products including buyout funds, debt funds, venture funds, fund-of-funds, royalty funds and other vehicles, including separate accounts and funds of one. She also serves as counsel for fund-of-funds when they invest in other third party private funds.
Before focusing on investment funds, Karen had a general corporate practice, working with private equity firms and public companies on M&A transactions, restructurings, and financing transactions.
Karen co-authored “The Offering Memorandum,” together with Bruce Ettelson and Mark Mifsud, which was published in The Definitive Guide to Private Equity Fundraising, a Private Equity International publication (May 2009).
Representative Clients
Accel-KKR, Alvarez & Marsal, Courage Capital, Flexpoint Partners, Ford Financial, Invesco Private Capital, Shamrock Capital Advisors, SFW Capital Partners, Twin Bridge Partners, Vedanta Partners, and Vine Investment Advisors.
Experience
Representative Matters
- Accel-KKR in raising over $14 billion for multiple buyout, growth capital and credit funds, including:
- Accel-KKR Capital Partners VII, a $4.4 billion technology buyout fund
- Accel-KKR Capital Partners VI, a $2.7 billion technology buyout fund
- Accel-KKR Capital Partners V, a $1.3 billion technology buyout fund
- Accel-KKR Capital Partners IV a $875 million technology buyout fund
- Accel-KKR Capital Partners III, a $600 million technology buyout
- Accel-KKR Growth Capital Partners IV, a $1.35 billion growth capital fund
- Accel-KKR Growth Capital Partners III, a $650 million growth capital fund
- Accel-KKR Growth Capital Partners II, a $340 million growth capital fund
- Accel-KKR Growth Capital Partners, a $180 million growth capital fund
- Accel-KKR Credit Partners, a $276 million credit fund
- Accel-KKR Emerging Buyout Partners II, a $920 million lower middle market buyout fund
- Accel-KKR Emerging Buyout Partners, a $610 million lower middle market buyout fund
- A&M Capital Advisors in formation of multiple partners funds for employees to invest in.
- Flexpoint Ford, LLC in raising over $4.8 billion for multiple private equity and special assets funds, including:
- Flexpoint Fund IV, a $2.0 billion private equity fund focused on financial services and healthcare
- Flexpoint Fund III, a $950 million private equity fund focused on financial services and healthcare
- Flexpoint Fund II, a $755 million private equity fund focused on financial services and healthcare
- Flexpoint Special Assets Fund II, a $810 million private fund focused on financial assets
- Flexpoint Special Assets Fund, a $316 million private fund focused on financial assets
- Ford Financial in raising over $2 billion for funds that are bank holding companies, including:
- Ford Financial Fund III, a $1.0 billion bank holding company fund
- Ford Financial Fund II, a $755 million bank holding company fund
- Ford Financial Fund, a $550 million bank holding company fund
- Invesco Private Capital in raising over $3.6 billion for multiple fund of funds products and separate accounts. Invesco Private Capital in acting as LP counsel when investing in third party funds.
- SFW Capital Partners in raising capital for its private investment strategy:
- SFW Capital Partners Fund II, a $325 million investment fund
- Shamrock Capital in raising capital for its content strategy funds and a credit fund in the content space, including:
- Shamrock Capital Content Fund III, an over $600 million entertainment and media content fund
- Shamrock Capital Content Fund II, $400 million entertainment and media content fund
- Shamrock Capital Content Fund, a $250 million entertainment and media content fund
- Shamrock Capital Debt Opportunities Fund, a direct lending fund
- SFW Capital Partners in raising multiple private equity funds
- Twin Bridge Capital in raising capital for its fund of funds products and separately managed accounts, including:
- Pacific Street Fund V
- Pacific Street Fund IV
- Twin Bridge Narrow Gate Fund
- Separately managed account arrangements
- Vedanta Capital Partners in raising various fund of funds and venture funds.
- Vine Investment Advisors in raising approximately $1.5 billion for media and entertainment content, including
- Vine Media Opportunities Fund IV, a $660 million fund focused on media and entertainment content
- Vine Media Opportunities Fund III, a $500 million fund focused on media and entertainment content
- Vine Film Finance Fund II, a $300 million fund focused on media and entertainment content
More
Thought Leadership
Speaking Engagements
Panelist, “Legal Workshop: A Review of Terms and Regulatory Environment,” Invesco Private Capital’s Tools For Success program, June 2015
Credentials
Admissions & Qualifications
- 1998Illinois
Education
- Northwestern Pritzker School of LawJ.D.cum laude1998Business Editor, Northwestern University Journal of International Law & Business, 1997–1998
- Northwestern UniversityB.S.1991