Timothy D. Nolan

Select Fund Formation & Regulatory and Compliance Advice

• Ares Management on the successful final closing of Ares SSG Capital Partners VI, L.P., securing commitments of US$2.4 billion in aggregate across the Fund and co-investment vehicles.
• Incline Equity Partners on the closing of Incline Equity Partners VI, with more than $1.9 billion aggregate capital commitments.
• Blue Sea Capital on the closing of Blue Sea Capital Fund III LP and Blue Sea Capital Executive Fund III LP (collectively Fund III), a $618 million private equity fund exceeding its target of $600 million and representing an increase of over 40% from Blue Sea Capital Fund II.
• Forebright Capital on the closing of Forebright New Opportunities Fund III, L.P., with aggregate commitments of more than $500 million.
• Access Holdings on the fundraising of approximately $805 million in new capital.
• Bansk Group on the closing of its inaugural fund, Bansk Fund I, with $800 million in capital commitments.
• Sheridan Capital Partners on the closing of its oversubscribed third buyout fund, Sheridan Capital Partners Fund III, LP and its parallel fund, at $575 million in aggregate commitments, exceeding its target of $450 million.
• Varsity Healthcare Partners (VHP) on the final closing of Varsity Healthcare Partners IV (VHP IV) with total capital commitments of $700 million.
• Lovell Minnick Partners in the recapitalization of Pathstone and a new strategic equity investment from Kelso & Company.
• Rainier Partners in its completed fundraising for Rainier Partners Fund I at its hard cap of $300 million, in excess of its $250 million target.
• Shamrock Capital in the formation and fundraising of its third media content fund, Shamrock Capital Content Fund III, L.P.
• Nordic Capital in the formation of €9 billion Nordic Capital Fund XI.
• MSD Partners, L.P. in its entry into a definitive business combination agreement with BDT & Company Holdings, LLC.
• Wind Point Partners in the recapitalization of its Fund VIII portfolio company STG Logistics and formation of a continuation fund.
• Align Capital Partner in the formation of $450 million Align Capital Partners Fund II & II-A, LP.
• American Pacific Group, L.P. in the formation of $450 million American Pacific Group Fund I & I-A, L.P.
• Appian Capital Advisory LLP in the formation of $775 million Appian Investment II L.P.
• Arbor Investments Management, LLC in the formation of $1.5 billion Arbor Investments V & V-A, L.P. and $170 million Arbor Debt Opportunities Fund II, L.P.
• Blue Sea Capital LLC in the formation of $430 million Blue Sea Capital Fund II LP.
• Ergon Capital in the formation of €800 million Ergon Capital Partners V.
• FTV Capital in the formation of $2.3 billion FTV VII.
• GI Partners in the formation of $500 million GI Partners ETS Fund LP and $3.9 billion GI Partners Fund VI & VI-A LP.
• GL Capital in the formation of GL China Opportunities Fund III L.P. and GL China Opportunities Fund IV L.P.
• Hosen in the formation of $800 million Hosen Equity Investment Fund III, L.P. and a $200 million single-asset continuation fund, including the transfer of its existing investment in Kilcoy Global Foods and an investment from Hosen USD Fund III to the new continuation fund.
• Incline Management, L.P. in the formation of $630 million Incline Elevate Fund II, L.P. and $310 million Incline Ascent Fund, L.P.
• L Catterton in the formation of $2.75 billion L Catterton Partners VIII, L.P.
• Leeds Equity Advisors, Inc. in the formation of $1.4 billion Leeds Equity Partners VII, L.P.
• Livingbridge EP LLP in the formation of £1.25 billion Livingbridge 7 LP.
• McCarthy Partners Management, LLC in the formation of $535 million McCarthy Capital Fund VII & VII-A, L.P.
• NexPhase Capital, LP in the formation of $544 million NexPhase Capital Fund IV, LP and $1.25 billion Nexus Special Situations III, L.P.
• Nordic Capital Limited in the formation of €6.1 billion Nordic Capital X Alpha & X Beta, L.P., €1.2 billion Nordic Capital Evo Alpha & Beta, SCSp.
• Rockbridge Growth Equity Management, L.P. in the formation of $345 million RB Equity Fund II & II-A, L.P.
• Shamrock Capital Advisors, LLC in the formation of $400 million Shamrock Capital Content Fund II, L.P.
• SSG Capital Management in the formation of $1.6 billion SSG Secured Lending Opportunities III.
• Valor Equity Partners in the formation of its $595 million close of Valor Siren Ventures II. 
• Valor Equity Partners in the formation of $1.7 billion Valor Equity Partners V L.P. and $400 million Valor Siren Ventures I L.P.
• Vitruvian Partners LLP in the formation of €4 billion VIP IV, LP.
• Wind Point Partners in the formation of $1.5 billion Wind Point Partners IX-A & IX-B, L.P.

Select Mergers, Acquisitions and Divestitures

• Represented Wilshire in its acquisition of Lyxor Asset Management, an investment advisor, from Amundi.
• Represented Altas Partners in its investment in Mercer Advisors, a wealth management firm.
• Represented Clayton, Dubilier & Rice in its $7 billion acquisition of Focus Financial Partners.
• Represented TA Associates in its acquisition of Green Street, a provider of commercial real estate intelligence and analytics, from WCAS.
• Represented Audax Private Equity in its acquisition of The Harbourfront Group, an independent wealth management and financial planning advisory firm. 
• Represented Thomas H. Lee Partners-backed AmeriLife Group, a developer, marketer and administrator of life and health insurance, annuities and other retirement solutions, in its partial sale to Genstar Capital Partners. 
• Represented Axio Financial, a leading end-to-end service provider to the U.S. structured notes market, on its sale to iCapital Network, the leading global financial technology platform.
• Represented Pioneer Merger Corp., a special purpose acquisition company, on its proposed $2.2 billion combination with Acorns Grow Incorporated, the savings and investing app.
• Represented Alight Solutions with Foley Trasimene Acquisition Corp, a special purpose acquisition company. The transaction reflects an implied pro-forma enterprise value for Alight of approximately $7.3 billion.
• Represented Ares Management Corporation, a leading global alternative investment manager, on its acquisition of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. The transaction is valued at $1.08 billion.
• Represented Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, on the acquisition of TradingScreen, a provider of trading execution and order management software.
• TripleTree in the sale of its healthcare M&A advisory business to Capital One (NYSE: COF).
• Represented Trilantic North America on its investment in AEGIS Hedging Solutions, a leader in technology and expertise for commodity and rate hedging.

Sell Side Minority Investments into Private Equity Sponsors

• FTV Capital on the sale of a passive minority interest in its business to Blackstone GP Stakes.
• GI Partners in connection with Blackstone Alternative Asset Management’s purchase of a minority stake.

Secondaries and Other Transactions

• Represented several leading private equity firms in the formation of acquisition funds to acquire various assets held by legacy funds.