Kirkland & Ellis LLP represented Revolution LLC, a Washington, D.C.-based investment firm, which announced the closing of its oversubscribed $525 million “Revolution Growth III” investment fund earlier this week, exceeding its initial $450 million target. Led by proven entrepreneurs, business builders and investors Steve Case, Donn Davis and Ted Leonsis, Revolution Growth III will build upon the efforts of the firm’s previous growth fund, launched in 2011, by investing “speed-up” capital in businesses outside of Silicon Valley that are leveraging technology and new models to disrupt existing, multibillion-dollar industries.
The Kirkland team included investment funds partners Bruce Ettelson, Jeffrey Kaplan and Josh Westerholm, associates Brett Saltzman and Daniel McQuade, and tax partner Daniel Meehan.
Kirkland & Ellis is a global leader providing sophisticated advice to private investment fund sponsors and select institutional investors with respect to all major alternative investment strategies. Operating as an integrated, multidisciplinary global team across offices in the United States, Europe and Asia-Pacific, Kirkland’s 100+ dedicated fund attorneys represent a diverse group of private investment fund sponsors ranging from some of the world’s largest multi-strategy alternative asset managers and financial institutions to independent boutiques and sponsors raising first-time funds. In the past three years alone, Kirkland has advised 275 private investment fund sponsors, raising more than 350 funds and representing more than $290 billion of capital commitments.