Kirkland & Ellis advised Loyal Valley Capital, a leading China-focused sponsor in the new consumer, healthcare and financial services industries, on the successful closing of its second USD fund at US$465 million. The fund initially targeted US$400 million but raised its hard-cap due to oversubscription by a broad mixture of global institutional investors, including sovereign wealth and fund of funds. Kirkland also represented Loyal Valley Capital on the raising of its first private equity fund in 2018.
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The Kirkland team was led by investment funds partners Carol Liu and Liyong Xing and included investment funds partner Josh Westerholm, tax partner Alec Campbell, government and internal investigations partner Nick Niles and ERISA partner Elizabeth Dyer.