Kirkland Advises New State Capital on Close of Fund IV at $700 Million

Kirkland & Ellis advised New State Capital Partners on the closing of its fourth flagship fund, totaling $700 million in capital commitments and significantly exceeding its initial $600 million target. Fund IV attracted a diverse investor base, including endowments and foundations, family offices, public pension plans, insurance companies, OCIOs and high-net-worth individuals across North America and Europe. New State professionals committed $60 million via the general partner, seeking to drive alignment between the firm and its limited partners. Since inception, and with the close of Fund IV, New State has raised $1.8 billion in total capital.

Read the transaction press release

The Kirkland team included investment funds lawyers Dan McQuade, Austin Favory, Emily Hartney, Scott Holben, Peter Pyatigorsky, Palden Flynn and Chisara Ibezim; tax lawyers Chris Odell and Weiwei Chen; investment funds regulatory lawyers Josh Westerholm and Hannah Cloh; and financial services regulatory lawyers Emma Reid, Deirdre Haugh, Raluca Dumitru and Najma Ahmad.