Kirkland & Ellis represented J.P. Morgan Asset Management in the closing of its Lynstone Special Situations Fund, the first special situations fund from J.P. Morgan Global Alternatives. With $1.06 billion in capital raised, Lynstone surpassed its $750 million target. Lynstone will invest in stressed, distressed and event driven situations across North American and European private and public credit markets, where underlying assets are discounted due to illiquidity or market disruption and where an event or catalyst has the strong potential to drive a positive total return.
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The Kirkland team was led by investment funds partner Sean Hill and associate Matthew Smith; and included tax partners Daniel Meehan and Meredith Levy; and transactional associate Matthew Fisher.
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.