Kirkland Represents Navigator Global Investments in Acquisition of Revenue-Share Interests Portfolio from Stable

Kirkland & Ellis advised Navigator Global Investments (NGI), a diversified alternative asset management company listed on the Australian Securities Exchange, on its $195 million acquisition of a portfolio of minority, net revenue-share interests in 17 alternative asset managers from Stable Asset Management, one of the largest and most-tenured GP stake builders focused on GP seed and acceleration investing. NGI and Stable also announced a long-term strategic partnership, through which Stable will continue to manage and monitor the portfolio on behalf of NGI. The transaction was announced May 4, 2026.

Read the transaction press release

The Kirkland team included corporate lawyers James Mayne, Jonathan Benloulou, Christopher Gandia, Sophie Hofford, Wyatt Kayne, Baxter DiFabrizio and Garrett Cook; investment funds lawyers Andrew Jacobs, Ethan Green and Joe Gonyeau; and tax lawyers Joseph Tootle, Natalie Kannan, Joe Riddle and Sarah Gough.