Kirkland & Ellis advised Blue Sea Capital LLC on the closing of Blue Sea Capital Fund II LP and Blue Sea Capital Executive Fund II LP (collectively “Fund II”), a $430 million private equity fund. Fund II included a $30 million investment by the General Partner and was significantly oversubscribed, surpassing its target of $350 million and exceeding its predecessor, Blue Sea Capital Fund I LP (“Fund I”), by over 30 percent. Consistent with the strategy of Fund I, Fund II will focus on partnering with exceptional entrepreneurs to build best-in-class, high-growth, enduring platforms within attractive sub-sectors of the healthcare and industrial end-markets.
The Kirkland team was led by investment funds partners Brett Saltzman and John Muno and associates Ryan McNish and David Rabinovici. The team also included investment funds partner Phil Giglio and associate Tim Nolan, and tax partners Dan Meehan and Meg Dewar and associate Steven Cantor.