Kirkland Advised FTV Capital on Closing of Record Growth Equity Fund at $2.3 Billion

Kirkland & Ellis advised FTV Capital, a prominent growth equity investment firm, on the close of FTV VII, its seventh and largest fund, which was oversubscribed at its hard cap of $2.3 billion in capital commitments. This new fund provides FTV flexibility to make control and significant minority equity investments, often as the first institutional investor, generally ranging from $30 to $200 million, that align with the objectives of company management teams to accelerate growth and expansion. With the close of FTV VII, FTV has raised $6.2 billion, invested over $4 billion in 130 portfolio companies and realized over $6 billion since the firm was founded in 1998.

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The Kirkland team was led by investment funds partner Karin Orsic and associates Courtney Chen, Nick Allingham, Emily Hren, Monique Groen, Ally Relat and Alex Burt, and also included tax partner Joel-Peters Fransen and associates Andrew Chan and Joe Mandry, investment funds regulatory partner Nick Hemmingsen and associate Tim Nolan, financial services regulatory partner Prem Mohan, employee benefits partner Liz Dyer, and investment funds partner Kevin White.