Kirkland Advises LightBay Capital on Second Private Equity Fund Closing at Over $1 Billion
Kirkland & Ellis advised LightBay Capital (LightBay), a Los Angeles-based private equity firm focused on high-quality service-based middle-market companies, on the formation and successful close of LightBay Investment Partners II LP and its related vehicles (the Fund) with total capital commitments of $1.04 billion. The oversubscribed Fund exceeded its target of $800 million and closed at its hard cap, attracting commitments from a diverse investor group.
The Kirkland team was led by investment funds partners Steve Yoo and Justin Solomon and associates Mike D’Andrea, Ugo Nwasike, Meron Bayu and Mary Ramzy; investment funds regulatory partner Matt Cohen; tax partner Joel Peters-Fransen and associate Ally Nelson; investment funds ERISA partner Christine Matott; and financial services regulatory partner Prem Mohan.
