Kirkland & Ellis Advises Ascendent Capital Partners in Final Closing of Second Private Equity Fund

Kirkland & Ellis represented Ascendent Capital Partners, an independent China-focused private equity firm, on the first and final closing of its second private equity fund. The fund closed at its hard cap with aggregate capital commitments of US$600 million, exceeding its initial target of US$500 million. The fund will continue Ascendent's differentiated advisory-oriented approach to investing in medium-sized enterprises in China.

The Kirkland team was led by Hong Kong-based private funds partners Justin Dolling and Jonathan Tadd.