Lily Rasel
Overview
Lily Rasel is an investment funds partner in the Los Angeles office of Kirkland & Ellis LLP. Her practice focuses on the structure, formation, marketing, management and regulatory compliance of private equity funds, real estate funds, venture capital funds, funds-of-funds and other investment vehicles, as well as the operational, legal and regulatory issues faced by their sponsors.
Lily has over a decade of experience advising private fund sponsors in the United States, Japan and across Asia on the formation and operation of their funds and related vehicles, including with respect to complex structural considerations, bespoke investor arrangements, co-investments, upper tier management structuring and planning, and general ongoing support. She has worked on funds across a wide variety of strategies and industries, such as leveraged buyout, energy and infrastructure, technology, healthcare and agriculture.
Experience
Representative Matters
Represented AEA Investors in the formation of its $3.2 billion AEA Fund VI, L.P.
Represented Homestead Capital USA in the formation of its $400 million Homestead Capital USA Farmland Fund II, L.P.
Represented Gaw Capital Advisors (USA) in the formation of its $400 million Gaw U.S. Fund III, L.P.
Represented Aurora Capital Partners in the formation of its $1.2 billion Aurora Equity Partners V, L.P.
Represented Vista Equity Partners in the formation of its $2.5 billion Vista Foundation Fund III, L.P.
Represented GI Partners in the formation of its $2.7 billion GI Partners Fund V, L.P.
Represented Energy Capital Partners in the formation of its $5.043 billion Energy Capital Partners III, L.P.
Represented HGGC in the formation of its $1.33 billion HGGC Fund II, L.P.
Represented Vista Equity Partners in the formation of its $10.5 billion Vista Equity Partners Fund VI, L.P.
More
Thought Leadership
Publications
Co-Author, “Law & Practice and Trends & Developments,” Chambers Global Practice Guides – Alternative Funds Japan, 2022
Co-Author, “Law & Practice and Trends & Developments,” Chambers Global Practice Guides – Alternative Funds Japan, 2021
Co-Author, “Recent Blade Failures Underscore Importance of Risk Mitigation,” North American Windpower, January, 2014
Co-Author, “Financing Wind Projects with Synthetic PPAs,” North American Windpower, April, 2014
Memberships & Affiliations
Credentials
Admissions & Qualifications
- 2013California
Education
- University of California, Berkeley, School of LawJ.D.with Distinction2013
President, Berkeley Energy and Resources Collaborative Chapter
Prosser Prize for academic excellence in Energy & Infrastructure Project Finance and Renewable Energy Policy
- Boston UniversityB.A., Earth Sciencesmagna cum laude2006