Experience

• Fund Formations

  • FS Investments in the formation of FS Investments Tactical Opportunities Fund, a private fund intended for institutional investors.
  • EIG in the establishment of a fund to purchase a portion of the upstream assets from a public oil company.
  • PSG in the formation of PSG Europe, a €1.25 billion European growth fund.
  • Sequoia Capital in raising multiple venture capital and growth funds, including in the formation of:
  • Sequoia Capital Global Growth Fund III - Endurance Partners, an $8 billion global venture fund.
  • Sequoia Capital China Growth Fund VI, a China-focused growth fund.
  • Sequoia Capital US Growth Fund IX, a U.S.-focused growth fund.
  • Sequoia Capital India Growth Fund III, an India-focused growth fund.
  • Sequoia Capital China Venture Fund VIII, a China-focused venture fund.
  • Sequoia Capital China Seed Fund II, a China-focused venture fund.
  • Sequoia Capital US Venture Fund XVII, a U.S.-focused venture fund.
  • Sequoia Capital India Venture Fund VII, an India-focused venture fund.
  • Lightspeed Venture Partners in raising multiple venture capital funds, including in the formation of:
  • Lightspeed Venture Partners Fund XIV-A/B, two early stages global venture funds with a combined value of approximately $2 billion.
  • Lightspeed Venture Partners Select Fund V, a $2.26 billion late stage global venture fund.
  • Lightspeed Opportunity Fund II, a $2.36 billion late stage global venture fund.
  • Lightspeed Venture Partners XIII, an $875 million early stages development fund.
  • Lightspeed Venture Partners Select IV, a $1.8 billion Lightspeed portfolio company fund.
  • Lightspeed Opportunity Fund, a $1.5 billion breakout companies fund.
  • Silver Lake Waterman in the formation of Silver Lake Waterman III, a $1 billion North America mezzanine fund.
  • Oak HC/FT in the formation of Oak HC/FT Partners III, an $800 million U.S. venture fund investing in healthcare and financial services.
  • Providence Equity Partners in raising multiple buyout, credit and growth funds, including in the formation of:
  • Providence Equity Partners VIII, a $6 billion global media, entertainment and communications fund.
  • PSG V, a $4.5 billion North America growth fund.
  • PSG IV, a $2 billion North America growth fund.
  • PSG III, a $1.3 billion North America growth fund.
  • Providence Equity Partners VII, a $5.1 billion global media, entertainment and communications fund.
  • Providence Equity Partners VI, a $12.1 billion global buyout fund focused on investments in media and communication companies.
  • Providence TMT Debt Opportunity Fund II, a $721 million global senior credit and credit opportunities fund.
  • Providence TMT Special Situations Fund, a $1.1 billion credit fund focused on investments in media and communication companies.
  • EIG in raising multiple global hybrid debt and structured equity funds focused on investments in energy and energy-related infrastructure, including in the formation of:
  • EIG Energy Fund XVII, a $3.1 billion global hybrid debt and structured equity fund.
  • Energy Fund XVI, a $6 billion global hybrid debt and structured equity fund.
  • EIG Energy Fund XV, a $4.1 billion global hybrid debt and structured equity fund.
  • EIG in the establishment of its $2 billion credit platform, comprised of multiple fund vehicles and a separately managed account, to make debt investments in the energy and infrastructure sectors.
  • HarbourVest Partners in the formation of private equity funds and separate accounts with a variety of strategies, including in the formation of:
  • HarbourVest Partners X, a $1.9 billion investment program.
  • HarbourVest Partners Co-Investment Fund IV, a $1.75 billion global buyout/growth equity fund.
  • Gramercy in raising multiple distressed credit funds, including in the formation of:
  • Gramercy Capital Solutions Fund, a $300 million emerging markets credit fund.
  • Gramercy Distressed Opportunity Fund III, a $1 billion emerging markets distressed credit fund.
  • Gramercy Distressed Opportunity Fund II, a $300 million emerging markets distressed credit fund.
  • Audax Management Company in the formation of Audax Direct Lending Solutions Fund, a $1.6 billion global direct lending fund.
  • JF Lehman in the formation of JFL Equity Investors IV, an $833 million buyout fund.
  • Leeds Equity Partners in the formation of Leeds Equity Partners Fund VI, a $760 million U.S. buyout fund.
  • VWH Capital Management in the formation of VWH Master Fund, a $500 million U.S. residential real estate fund.
  • Newport Global Advisors in the formation of Newport Global Opportunities Fund, a $500 million global distressed debt fund.
  • EQT in the formation of EQT Credit Fund II, an €874 million Europe credit opportunities fund.

• Secondaries and Other Transactions

  • Zenyth Partners in the formation of a continuation fund, backed primarily by Blackrock and Manulife Asset Management, that purchased minority stakes in three healthcare companies from Zenyth Partners, LP, a 2018 vintage permanent capital vehicle.
  • Providence Equity Partners in the combination of Blackboard, a leading global educational technology software and solutions company, and Anthology, a leading provider of proven higher education solutions.
  • Funds managed by Oaktree Capital Management in their investment in a Quid Capital venture, which will offer liquidity benefits to shareholders of high-growth private technology companies.
  • Funds managed by Oaktree Capital Management in the launch of Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the United States and Canada.
  • Providence Equity Partners in a single-asset fund restructuring transaction involving Providence Equity Partners VI. In the transaction, the lead investor committed capital to a newly formed Providence-managed fund that purchased HSE24 Multichannel GmbH from the existing fund.
  • Providence Equity Partners on its GP-led stapled tender offer for Providence Equity Partners VII , a $5 billion buyout fund focused on global investments in media, telecommunications & technology companies.
  • Providence Equity Partners in the sales of minority interests in the firm to a U.S. state pension fund and a non-U.S. sovereign wealth fund, and to a private equity unit of an independent investment manager.
  • Providence Equity Partners in the combination of Benefit Street Partners and Franklin Templeton Investments.
  • StepStone Group as lead investor in the $670 million closing of Ampersand Continuation Fund, together with related investment vehicles, formed to acquire the equity interests of three portfolio companies previously held by multiple mature Ampersand funds.
  • HarbourVest Partners as lead buyer in a GP-led tender for LP interests in Heritage Healthcare Innovation Fund and a related commitment to Heritage Healthcare Innovation Fund III.
  • StepStone Group in its acquisition of the sole limited partner interest in Acre Venture Partners, and the subsequent restructuring of certain portfolio assets.
  • StepStone Group in its $80 million investment in a continuation vehicle managed by Qumra Capital, which acquired a strip of all portfolio assets of Qumra Capital I.
  • StepStone Group as the lead investor in a sponsor-led acquisition of unrealized assets from an existing Blackbird fund.
  • EIG in the formation of Harbour Energy, a joint venture with Noble Group Limited to form a company focused on owning and operating upstream and midstream energy assets globally.
  • EIG in its sale of a minority interest to China Investment Corporation.
  • HarbourVest Partners in its $130 million investment in a CLO portfolio managed by CIFC Asset Management.
  • HarbourVest Partners as lead investor in Lime Rock Partners IV AF, L.P., a $1.9 billion acquisition fund which acquired the remaining assets of Lime Rock Partners IV, L.P.
  • HarbourVest Partners in its acquisition from Bank of America of the BAML Capital Access Funds group, a private equity fund-of- funds manager focused on opportunities with emerging managers, diverse managers, the lower middle market and other underserved markets.
  • HarbourVest Partners and a consortium of investors in the indirect acquisition of a $650 million portfolio of private equity and hedge fund interests; through the acquisition of 40% of the outstanding limited partnership interests in The Endowment PMF Master Fund, L.P., a registered investment company and passively managed fund of funds.
  • Leeds Equity Partners in the $100 million recapitalization of Leeds Equity Partners Fund IV.
  • Newport Global Advisors in the recapitalization of Newport Global Opportunities Fund LP. In the transaction, investment funds managed by Morgan Stanley, LGT Capital and other syndicate investors committed capital to a newly formed Newport-managed fund that acquired substantially all of the portfolio of the existing fund. Existing limited partners elected to either roll their interests into the new fund or receive cash in respect of their interest.
  • AAC Capital Partners, the former management team of ABN AMRO Capital, in its spinout from ABN AMRO Capital.