Kirkland & Ellis LLP counseled Chicago-based private equity firm ParkerGale on the formation of ParkerGale Capital II, LP, which announced its final closing with $375 million of limited partner capital commitments. Exceeding its original target of $300 million, the fund closed at its hard cap, with contributions from a balanced mix of existing and new investors. Since its formation in 2014, ParkerGale has focused on acquiring profitable, founder-owned technology companies and corporate carve-outs where ParkerGale believes its operating resources can have a meaningful impact on the outcome.
Read more at the company press release.
The Kirkland team was led by investment funds partner Nicholas DiCrescenzo and associate Ryan McNish; and included investment management partner Michael Chu; tax partner Daniel Meehan; and ERISA partner Elizabeth Dyer.
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 380 dedicated Investment Funds attorneys, few firms approach the breadth, depth and scope of Kirkland’s experience in investment funds legal services. Since 2016, Kirkland has advised nearly 500 private investment fund sponsors, raising over 400 funds representing in excess of $580 billion of capital commitments.