Kirkland Advises Formentera Partners on Oversubscribed Third Flagship Fund

Kirkland & Ellis advised Formentera Partners, a leading energy-focused private equity firm that acquires and optimizes onshore producing oil and gas assets and strategically develops assets under management, in connection with its third flagship fund, Formentera Partners Fund III, LP, that closed oversubscribed with $934.8 million in capital commitments, exceeding the target of $900 million. With an additional $375 million in co-investment capital raised alongside the fund, Formentera achieved a total capital raise of $1.31 billion reflecting continued confidence from a diverse group of new and existing investors, including pension plans, asset managers, endowments, registered investment advisors and family offices.

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The Kirkland team included investment funds lawyers Ian Jelsma, Matt Nadworny, Kim Dusseldorp, Jonathan Williams and Daniel Dreyfus; investment funds regulatory lawyers Dan Kahl, Jennifer Kim-Gagne and Jarvis Yau; tax lawyers Steve Butler and Grant Newman; and investment funds ERISA lawyers Sabrina Glaser and Ted Brown