Kirkland represented Landmark Partners in the formation and fundraising of Landmark Equity Partners XV, a fund focused on private equity secondary investments, which held its final closing on December 24, 2014. With Kirkland’s assistance, Landmark’s 15th fund was oversubscribed and reached its hard cap of $3.25 billion in commitments. Investors in Fund XV include public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations, private banks, and high-net-worth individuals. Kirkland also assisted Landmark in the formation of a $600 million dedicated fund for the Treasurer of the State of North Carolina, which closed on December 23, 2014. The North Carolina managed account will make investments alongside Landmark’s private equity fund, real estate fund and real asset investments. Kirkland also recently assisted Landmark in its largest secondary transaction to date.
The Kirkland team included private funds partners John O’Neil, Daniel Lavon-Krein and Paul Watt, and private funds associates Esther Chiang, Stephanie Yoshida, Jaclyn Rabin, Crystal Becker, Ashley Rose, Thomas Lee and Isaac Pasha, with support from tax partner Don Rocap and associate Joel Peters-Fransen, investment management partner Rob Sutton and associates Elizabeth Richards and Ryan Swan, employee benefits partner Laura Bader and associate Jake Glazeski, European regulatory partner Lisa Cawley, bank regulatory of counsel Julie Kunetka, and legal assistant Mark Paine.