Kirkland Advises Kingswood Capital Management on Close of Two Funds

Kirkland & Ellis advised Kingswood Capital Management, L.P., a Los Angeles-based investment firm focused on the middle-market, on the final closing of Kingswood Capital Opportunities Fund IV, L.P. with total capital commitments of $3.1 billion, as well as Kingswood Capital Opportunities Small Cap Fund I, L.P. with total capital commitments of $900 million. These funds more than double Kingswood’s total assets under management to over $7 billion. Fund IV represents the fourth institutional fundraise in five years for Kingswood and is more than double the size of Fund III. Both Fund IV and the inaugural Small Cap Fund I were significantly oversubscribed in just five weeks. Fund IV exceeded its initial target of $2.25 billion, while Small Cap Fund I exceeded its initial target of $550 million and both closed at their hard caps.

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The Kirkland team included investment funds lawyers Matt Nabavian, Dan McQuade, William Ballentine, Matthew Hudson, Joshua Kravitz, Allie Sopp, Chris Ruckdeschel and Crystal Tan; investment funds regulatory lawyers Nick Hemmingsen, Peter Gauss and Austin Eiland; and tax lawyers Stanley Ramsay, Michael Alcan, Liz Ji and Ethan Matthews.