Kirkland & Ellis advised FSN Capital, a leading Northern European private equity firm, which recently closed its sixth mid-market fund, FSN Capital VI. The fund was closed at its hard cap with aggregate capital commitments of €1.8 billion, making it significantly larger than the size of its SEK 9.62 billion (€985 million) predecessor, FSN Capital V. The fund was oversubscribed and attracted substantial commitments from new investor relationships, a large portion of which completed diligence on a fully virtual basis. FSN Capital is a leader within the industry on ESG and the fund is classified as an Article 8 or “light green” fund under the European Union’s new Sustainable Finance Disclosure Regulation. The fund also has an ESG-linked capital call facility, which links the margin to improvements in ESG strategy and governance, carbon footprint and diversity.Read the FSN Capital press release
The Kirkland team was led by investment funds partners Jeremy Leggate and Christopher Braunack and associates Yushra Raheem, Oliver Cutbill, Faisal Obeidat, Ryan Mason and Stephen Giblin, and included tax partners David Grenker, Ian Ferreira and Carol Wang and regulatory partners Christopher Scully and Romin Dabir.