Kirkland Advises Accel-KKR on Close of Approximately $1.9 Billion Continuation Fund to Support Further Growth of isolved
Kirkland & Ellis advised Accel-KKR, a global technology-focused investment firm, on the close of approximately $1.9 billion in commitments to AKKR Isosceles CV LP, a single-asset continuation fund that will extend its partnership with isolved, a leading provider of human capital management (HCM) software and solutions servicing the entire employee lifecycle. The transaction allows Accel-KKR to provide liquidity to existing investors in isolved while providing the company with a commitment of $350 million in new capital commitment to accelerate its growth through organic initiatives and accretive acquisitions. Secondaries at Goldman Sachs Alternatives served as the lead investor in AKKR Isosceles CV LP, with participation from various other institutional investors. AKKR Strategic Capital LP, the $2.2 billion software secondaries-focused fund Accel-KKR closed in 2024, also invested in AKKR Isosceles CV LP.
The Kirkland team included investment funds lawyers John Senior, Patrick Vinett, Seth Fishman, Zeke Couch and Alyssa Jutovsky; corporate lawyers Shelly Hirschtritt, Garrett Lorentz and John Mason Wilkes; and tax lawyers Mike Greenberg, Jessica Yeh and Devin Heckman.
