Eric N. Fischer
Overview
Eric N. Fischer is a corporate funds partner in the New York office of Kirkland & Ellis LLP who focuses on advising sponsors and investors in connection with single- and multi-asset continuation vehicle transactions. Since 2021, Eric has assisted clients in closing over two dozen continuation vehicle transactions, with aggregate transaction values of over $15 billion.
Eric also has significant experience with other types of private fund secondaries, including limited partner tender offers and traditional portfolio sales, as well as transactions relating to private funds and alternative asset managers more broadly, such as preferred equity financings, management spin-outs and investments in alternative asset management firms.
Prior to joining Kirkland, Eric was an associate in the New York office of another international law firm, where he predominantly represented sponsors and investors in connection with the formation of private funds and managed accounts across asset classes and strategies.
Eric’s representative clients include Align Capital Partners, Alpine Investors, Aterian Investment Partners, Audax Group, Bain Capital, Berkshire Partners, BPOC, GTCR, L Catterton, Linden Capital Partners, Madison Dearborn Partners, Waud Capital Partners and Wind Point Partners.
Experience
Representative Matters
GP Representations
- Align Capital Partners in the recapitalization of its portfolio company, E Source, and the related formation of a single-asset continuation fund.
- Alpine Investors in the recapitalization of its portfolio company, Apex Service Partners, and the related formation of an approximately $3 billion single-asset continuation fund. This transaction was awarded 2023’s “Secondaries Deal of the Year in the Americas” by Private Equity International.
- Aterian Investment Partners in the recapitalization of its portfolio company, Vander-Bend Manufacturing, and the related formation of a $460 million single-asset continuation fund.
- Audax Private Equity in the recapitalization of its portfolio company, Aspen Surgical Products, and the related formation of a single-asset continuation fund.
- BPOC in the “end-of-life” fund recapitalization of BPOC Fund IV, including the related formation of an approximately $425 million multi-asset continuation fund.
- Kinderhook Industries in the “end-of-life” fund recapitalization of Kinderhook Capital Fund IV and Kinderhook Capital Fund V, including the related formation of an approximately $1.3 billion multi-asset continuation fund.
- L Catterton in the recapitalization of its portfolio company, PatientPoint, including the related formation of a single-asset continuation fund.
- Waud Capital Partners in the recapitalization of its portfolio company, Ivy Rehab Physical Therapy, and the related formation of a single-asset continuation fund.
- Wind Point Partners in the recapitalization of its Fund VIII portfolio company, STG Logistics, and the related formation of a single-asset continuation fund.
- An upper-middle market U.S. private equity sponsor in the sale of a strip of equity in three portfolio companies to, and the related formation of, an approximately $2.2 billion multi-asset continuation fund.
- An upper-middle market U.S. private equity sponsor in the recapitalization of a portfolio company and the related formation of an approximately $1.3 billion single-asset continuation fund.
- A large independent U.S. private equity sponsor in the recapitalization of a portfolio company and the related formation of an approximately $1.2 billion single-asset continuation fund.
- A U.S. fund-of-funds sponsor in an “end-of-life” fund recapitalization of two separate co-investment funds, including the related formation of two multi-asset continuation funds, totaling approximately $1.1 billion.
- An upper-middle market U.S. private equity sponsor in the recapitalization of a portfolio company and the related formation of an approximately $700 million single-asset continuation fund.
- A middle market U.S. private equity sponsor in the recapitalization of a portfolio company and the related formation of an approximately $600 million single-asset continuation fund.
- A middle market U.S. private equity sponsor in the recapitalization of a portfolio company and the related formation of an approximately $575 million single-asset continuation fund.
- A middle market U.S. private equity sponsor in an approximately $330 million “end-of-life” fund recapitalization, including the related formation of a multi-asset continuation fund.
- A lower-middle market U.S. private equity sponsor in the recapitalization of portfolio company and the related formation of an approximately $100 million single-asset continuation fund.
- The Carlyle Group in the spin-out of its Ireland team.*
- The Carlyle Group in the spin-out of its Sub-Saharan Africa team.*
LP Representations
- HarbourVest Partners as a co-lead investor in a continuation fund sponsored by Arclight Capital Partners, which acquired an interest in the 192MW Sidney Murray Hydroelectric Project.*
- StepStone Group in its $80 million investment in a continuation fund sponsored by Qumra Capital, which acquired a strip of all portfolio assets of Qumra Capital I.*
- The lead investor in an approximately $120 million continuation fund sponsored by a leading Israeli private equity sponsor, which acquired multiple assets from an end-of-term fund.*
- The largest investor in a $190 million continuation fund sponsored by a middle market U.S. private equity sponsor, which acquired a single asset from one of the sponsor’s existing funds.*
*Denotes deals completed prior to joining Kirkland.
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Credentials
Admissions & Qualifications
- 2017New York
Education
- Georgetown University Law CenterJ.D.cum laude2016
Dean's List, 2013–2014 & 2015–2016
Georgetown Law Journal
CALI Award in Bargain, Exchange, and Liability
CALI Award in Professional Responsibility
- Washington University in St. LouisB.A., Jewish, Islamic, and Near Eastern Studies2013