Kirkland Advises Seaside Equity Partners on Close of Two New Funds
Kirkland & Ellis advised Seaside Equity Partners, a private equity firm focused on the lower middle market, on the successful closings of two new funds, Seaside Equity Partners III, L.P. and Seaside Navigator I, L.P., with total commitments of over $720 million. This significant capital raise enables Seaside to further its mission of partnering with exceptional companies to drive growth and value creation in the lower middle market. Seaside secured meaningful support from a diverse group of limited partners, including endowments, foundations, corporate and public pensions, insurance companies, consultants, and family offices. Both Fund III, with $568 million of limited partner commitments, and Navigator I, with $155 million of limited partner commitments, were oversubscribed and substantially completed in a single closing. With these new funds, Seaside Equity Partners now manages assets of approximately $1.4 billion and has invested in over 55 companies.
The Kirkland team included investment funds lawyers Michael Lee, Justin Solomon, Aura Gilham, Kayla Duffey, Ally Relat, Zoe Blackmore, Desiree Jones and Tiffany Li; investment funds regulatory lawyers Matt Cohen and Jordan Chafetz; tax lawyers Michael Alcan, Dion Toledo and Maggie Carr; and investment funds ERISA lawyers Sabrina Glaser and Theodore Brown.
