Kirkland & Ellis advised Basalt Infrastructure Partners, an independent infrastructure equity investment firm with over US$2 billion under management, which recently closed its second fund, Basalt Infrastructure Partners II. The fund exceeded the initial fundraising target of US$1 billion, closing with final commitments of US$1.285 billion from over 30 global pension funds, sovereign wealth funds, fund of funds and other institutional investors. The fund will focus primarily on investments in utilities, energy and transport infrastructure and has already invested in assets across Italy, the UK and the U.S. More information is available here.
The Kirkland team was led by London-based investment funds partners Richard Watkins and Jeremy Leggate with associates Zoë Pople and David Pritchett.
Kirkland is a global leader in providing sophisticated advice to investment fund sponsors, institutional investors and other market participants in the alternative investment fund space. Kirkland offers clients the unsurpassed resources of a large, integrated, multidisciplinary, global team located across offices in the United States, Europe and Asia-Pacific. With more than 260 dedicated Investment Funds attorneys, including over 100 partners, few firms approach the breadth, depth and scope of Kirkland’s experience in investment funds legal services. 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.