Kirkland & Ellis has advised Dayone Capital, a PRC-based PE sponsor focused on consumer sector, on the successful fundraising and closing of its first USD fund, Dayone Capital Fund I. The fund held its final closing with aggregate commitments of over $630 million, exceeding its original hard cap. Limited partners comprise a broad mix of prestigious institutional investors, including sovereigns, conglomerates, fund of funds, family offices and high net worth individuals.
The Kirkland team was led by investment funds partners Carol Liu and Jennifer Feng. The team also included investment funds partner Josh Westerholm, tax partner Alec Campbell, and employee benefits partner Elizabeth Dyer.