Kirkland & Ellis LLP represented Blue Sea Capital LLC, a private equity firm based in Palm Beach, Florida, and with an office in El Segundo, California, in the closing of its debut fund, announced yesterday. Blue Sea Capital Fund I LP successfully closed with $327 million of capital commitments, substantially oversubscribed from the initial $300 million target, with approximately 10 percent coming from the general partner and its affiliates. Blue Sea achieved the fundraise within 12 months. Investors include pension funds, insurance companies, fund-of-funds, endowments and multi-family offices.
The Kirkland team included private funds partner Bruce Ettelson and John Muno.
Nearly 80 attorneys at Kirkland focus on private funds across the globe, uniquely positioning the Firm to serve its clients in connection with the organization and operation of private equity, real estate and hedge funds, as well as their respective management companies. The Firm has formed nearly 680 private equity funds on behalf of approximately 360 private equity sponsors since 1995, raising more than $460 billion, and regularly represents leading institutional investors in connection with their investments in private funds.
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