Kirkland & Ellis counseled EQT on the successful closing of EQT Ventures II (the “Fund”), securing commitments totaling EUR 660 million, of which approximately EUR 620 million are fee paying, just 3.5 years after EQT Ventures I launched. The Fund is one of the largest European venture capital funds and demand from both existing and new investors was strong. EQT Ventures II will build on the multi-stage strategy of its predecessor fund EQT Ventures I, which secured commitments totaling EUR 566 million in 2016, investing in the next generation of ambitious founders and building global winners out of Europe.
The Kirkland team was led by investment funds partners Erica Berthou and Amala Ejikeme; and tax partners Lee Morlock and Jonathan Kandel.
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 January 2016, Kirkland has advised over 400 funds with total capital commitments in excess of $650 billion.