Kirkland Advises LLCP on $3.6 Billion Fund VII

Kirkland & Ellis advised Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, on the final closing of LLCP Fund VII with total capital commitments of over $3.6 billion, materially exceeding its target. The fund was significantly oversubscribed, receiving strong support from its existing investor base as well as a diverse set of new institutional investors. LLCP has raised well over $4 billion of capital across its platform in the last twenty-four months, including substantial co-investment capital. LLCP has executed over $4.6 billion of realizations over the past three years through numerous successful sale transactions, including Encore Fire Protection, Tropical Smoothie Cafe, Law Business Research and Hand & Stone.

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The Kirkland team included investment funds lawyers Daniel McQuade, Michael Shea and Matt Hudson; tax lawyers Rachel Cantor, Michael Alcan, Pamela Ho and Kai Fenty; investment funds regulatory lawyers Scott Moehrke, Michael Chu and Hannah Cloh; and investment funds ERISA lawyer Christine Matott.