Kirkland & Ellis LLP advised FTV Capital, a leading growth equity investment firm, which announced today the final closing of its significantly oversubscribed fifth fund, FTV V, L.P. (FTV V) , with $850 million in limited partner commitments. FTV V will continue to focus on high-growth companies with innovative, proven technology and service offerings, established business models and strong management teams primarily in its core sectors of enterprise technology & services, financial services and payments & transaction processing. To date, FTV Capital has raised $2.7 billion across five funds and invested in over 90 portfolio companies since the firm’s inception in 1998. The full release is available here.
The Kirkland team was led by investment funds partners Bruce Ettelson and Karin Orsic; and included investment funds partner Matthew Dickman and associates Brian Delaney, Thien Nguyen, Emma Whenham and Courtney Chen; tax partner David Kung and associate Carol Wang; and ERISA partner Laura Bader and of counsel Elizabeth Dyer.
Kirkland & Ellis is a global leader in providing sophisticated advice to private investment fund sponsors and select institutional investors with respect to all major alternative investment strategies. In the past three years alone, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds and representing in excess of $315 billion of capital commitments.