Kirkland & Ellis advised Kayne Anderson Private Credit, a middle-market private credit platform with $6 billion of assets under management, on a passive minority investment from Bonaccord Capital Partners, a private equity platform dedicated to acquiring non-control equity interests in leading private markets investment firms. Kayne Anderson Private Credit (KAPC) is a leading provider of financing solutions to middle-market companies across a wide array of industries. Bonaccord’s investment and strategic development platform will support KAPC’s value creation initiatives and further growth. KAPC will continue to be a part of Kayne Anderson Capital Advisors and there will be no change to KAPC’s investment process, day-to-day management or firm operations.
The Kirkland team was led by investment funds partners Michael Reeves and John Berger, and included investment funds associates Todd Melchior, Irene Jeon and David Yona; and tax partners Lee Morlock and Andrew Chan and associate Shiyu Ni.