Kirkland & Ellis LLP advised Peak Rock Capital LLC, a leading middle market private equity firm, which announced that Peak Rock Capital Fund II LP, Peak Rock Capital Credit Fund II LP and their parallel funds, were over-subscribed and substantially exceeded their target of $900 million, closing at their hard cap with committed capital of $1.3 billion. Peak Rock Capital Fund II LP is focused on making investments in middle market companies and Peak Rock Capital Credit Fund II LP is focused on making non-control debt investments in middle market companies including both primary and secondary credits. The full press release is available here.
The Kirkland team was led by investment funds partners John Muno, Bruce Ettelson and Corey Zarse and associate Kevin Wessel; and tax partner Daniel Meehan.
In the past three years alone, Kirkland has advised nearly 300 private investment fund sponsors, raising more than 400 funds representing in excess of $440 billion of capital commitments.