Kirkland Represents Kingswood Capital Management on Closing of $1.5 Billion Oversubscribed Third Fund
Kirkland & Ellis advised Kingswood Capital Management, an LA-based private equity firm focused on buyouts of middle-market businesses with operational improvement potential, in the successful closing of Kingswood Capital Opportunities Fund III, with total capital commitments of $1.5 billion, including a 5% GP commitment, underscoring the firm’s confidence in its strategy and providing strong alignment with its investors. Fund III was oversubscribed and was raised on an expedited basis, closing in approximately 90 days and surpassing its $1.0 billion target. Fund III is more than double the size of Fund II and includes commitments from leading endowments, foundations, health systems, public pension plans, family offices, funds of funds, other institutions and high-net worth individuals.
Read Kingswood Capital’s press release
The Kirkland team was led by investment funds partners Dan McQuade and Adam Parks and associates Matt Nabavian, William Ballentine, Peter Pyatigorsky and Dylan White; investment funds regulatory partner Nick Hemmingsen and associate Peter Gauss; tax partners Chris Odell and Dan Meehan and associate Florian Schütte; and investment funds ERISA partner Sabrina Glaser.
