Kirkland Advises Basalt on Closing of $2.75 Billion Third Fund
Kirkland & Ellis advised Basalt Infrastructure Partners LLP, a leading mid-market infrastructure investment firm, on the closing of the third Basalt fund (“Basalt III”) and largest to date, raising $2.75 billion to invest in infrastructure equity opportunities. The fund was significantly oversubscribed with the final close exceeding the fund’s original $2.0 billion target and reaching its increased $2.75 billion hard cap. Basalt III received strong demand from the investor community throughout the COVID 19 pandemic demonstrating continued support for the Basalt approach to mid-market infrastructure investing and focus on bilateral deal sourcing.
The Kirkland team was led by investment funds partners Jeremy Leggate and Richard Watkins and associates David Pritchett, Paul Rainford, Daniel Paul and Ryan Foxwell, and paralegal Danielle Garland.
