Kirkland & Ellis LLP represented Homestead Capital USA LLC (Homestead), a private equity firm investing in operating farmland in the United States, on the closing of its second fund, Homestead Capital USA Farmland Fund II, L.P. (Fund II), at the hard cap of $400 million in limited partner capital commitments, surpassing an original fundraising target of $350 million and more than doubling its debut fund. The full release is available here.
The Kirkland team was led by investment funds partners Matthew Dickman and Kelly Ryan. The team also included tax partners Stephen Butler and Bruce Gelman; employee benefits partner Laura Bader; and investment funds partner Kevin Bettsteller and associates Lily Anne Rasel and Caleb Hanlon.
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. Since the beginning of 2015, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds representing in excess of $315 billion of capital commitments.