Kirkland & Ellis advised OpenGate Capital, a global private equity firm, on the closing of its second institutional fund, OpenGate Capital Partners II & II-A, LP, at approximately $585 million, an amount that was 30 percent above its initial target of $450 million. The new fund supports OpenGate’s on-going strategy to invest in lower middle market businesses throughout North America and Europe across four focus industries: Industrials, Technology, Consumer and Business Services.
The Kirkland team was led by partners Karin Orsic and Faris Elrabie with guidance from partner Bruce Ettelson; and included transactional and investment funds associates Brook Sutton, Anthony Wu and Rajan Patel; tax associate Carol Wang; ERISA partner Elizabeth Dyer; and regulatory partners Scott Moehrke and Phil Giglio.
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 400 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 450 funds with total capital commitments in excess of $680 billion.