Kirkland & Ellis represented Ford Management III, L.P. in forming Ford Financial Fund III, L.P., which was raised in less than three months and closed with more than $1.0 billion of commitments. Fund III will backstop a rights offering by Mechanics Bank to provide financing for the acquisition by Mechanics Bank of Rabobank NA.
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The Kirkland team was led by private funds partner Karen Sodke, and included private funds partner Bruce Ettelson and associates Arianne Freeman and Lilliana Lin; tax partner Donald Rocap and associate Carol Wang; investment management partners Scott Moehrke and Michael Chu; of counsel Julie Kunetka; and employee benefits 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 over 400 funds representing in excess of $650 billion of capital commitments.