Kirkland & Ellis International LLP represented Vitruvian Partners, an independent private equity firm, in the successful closing of Vitruvian Investment Partnership II, with total commitments of £1 billion. The fund was oversubscribed and closed at its self-imposed hard cap.
Vitruvian, which has offices in London, Munich and Stockholm, closed its first fund in 2008 at €925 million, one of the largest first-time funds raised in Europe. With Fund II, Vitruvian will continue its focus on middle-market and growth buyouts in Northern Europe.
The global Kirkland team was led by private funds partners Richard Watkins and Alexandra Conroy with assistance from associate Elizabeth Freeth, trainee solicitor Laura Evans, partner Christopher Braunack and others.
“In a challenging fundraising environment, such a rapid and successful outcome is a testament to the quality of the Vitruvian team and their strategy,” said Mr. Watkins.
“We were pleased with the support from both existing and new global institutional investors in the fundraise. The assistance and experience of the team at Kirkland & Ellis was invaluable in helping us achieve this outcome,” said Mark Harford, a partner with Vitruvian Partners.
About Kirkland & Ellis
Kirkland & Ellis has one of the largest private funds practices in the world with nearly 100 attorneys focused on private funds across nine offices in six time zones. The Firm has represented nearly 350 unique private fund sponsors in raising more than $443 billion in new capital for approximately 670 funds since 1995, and regularly represents leading institutional investors in connection with their investments in private funds. In 2012, Kirkland represented more private equity fund managers that closed funds than any other law firm, according to data from Preqin.
Kirkland is a 1,600-attorney law firm representing global clients in complex private funds, corporate/M&A, restructuring and tax, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in London, Beijing, Chicago, Hong Kong, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.
About Vitruvian Partners
Vitruvian Partners is a leading middle market private equity firm based in London. The firm primarily targets middle-market buyouts, growth buyouts and growth capital investments in Northern Europe.