Kirkland & Ellis LLP represented Warburg Pincus, a leading global private equity firm focused on growth investing, in connection with the fundraising of Warburg Pincus China, L.P., a $2 billion fund formed to make growth investments in China. The fund, which closed on December 12, 2016, is a companion fund to Warburg Pincus Private Equity XII, L.P., a $13.4 billion global private equity fund that closed in late 2015. The fund was oversubscribed, and investors included leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high-net-worth individuals. More information on the fund is available here.
The Kirkland team was led by investment funds partners Andrew Wright and Robert Blaustein and associates Sean Malone and Kevin Lam. The team also included tax partners David Grenker and Patrick Gallagher, tax associate Bui Hayden, investment funds associates Alison Hune, Kristin Leighton, Oded Cedar, Citrine Ho, Katy Kim and Jeff Zhang, employee benefits partner Laura Bader and of counsel Liz Dyer, and investment funds partners Lisa Cawley, Prem Mohan, Esther Chiang, Stefan Paulovic, Carol Liu and Justin Dolling.
With one of the largest dedicated fund formation teams globally and a broad and diverse client base, Kirkland is a market leader in fund formation. In the past three years alone, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds representing in excess of $315 billion of capital commitments.