Kirkland advised Alpine Management Services III, LLC, a San Francisco-based private equity firm with offices in New York and Salt Lake City, in the structuring and formation of its latest flagship fund, Alpine Investors IX, LP. After investor cutbacks, the oversubscribed fund hit its hard cap of $4.5 billion with a final closing held on June 30, 2023. Fund IX is approximately double the size of its predecessor fund and expanded Alpine’s investor base significantly with strong support from a diverse and global group of new investors, including endowments, sovereign wealth funds, pension funds, insurance companies, fund-of-funds, foundations and family offices. The fund will enable Alpine to continue pursuing its flagship strategy of investing in control buyouts of software and services businesses with total enterprise values of up to $1 billion.
The team was led by investment funds partners Paul Watt, Zeke Couch and Shandy Pinkowski and associates Michael Brar, Jackie Ting, Wilford Ng, Myunghee Sim, Grace Kim, Jordan Mulder and Aubrey Pardue. The team also included tax partner Alec Campbell and associates Brandon Short and Rachelle Stapley and investment funds regulatory partner Matt Cohen and associate Radhika Kshatriya.