Kirkland & Ellis LLP represented Gemspring Capital, LLC, a Westport, Conn.-based private equity firm specializing in lower middle market companies, which announced the final closing of its debut fund, Gemspring Capital Fund I, LP, with $350 million of capital commitments. Launched in August, the Fund was oversubscribed and closed at its hard cap in less than three months. Gemspring secured commitments from a globally diversified investor base comprised of leading endowments, foundations, family offices, gatekeepers, pension plans and fund of funds. The full release is available here.
The Kirkland team was led by investment funds partners John Muno and Bruce Ettelson and associate Noah Mullin; and tax partner Daniel Meehan.
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 over 260 private investment fund sponsors, raising more than 350 funds representing in excess of $300 billion of capital commitments.