M&A Finance
K&L Gates
Full Credential Description
K&L Gates advised on the establishment of the US$100 million "Inevitable Games Fund" (IGF), launched by Immutable in partnership with King River Capital and supported by Polygon Labs. The IGF is designed to invest in Web3 gaming and infrastructure opportunities, addressing the growing demand for capital in this innovative sector. The unique aspect of the IGF is its focus on providing investors access to top Web3 gaming projects globally, while also serving as a vital funding source for game studios and Web3 infrastructure firms. The Web3 gaming sector has seen significant growth, particularly with the development of blockchain games that allow players to own in-game assets as non-fungible tokens (NFTs). The establishment of the IGF represents a cutting-edge approach to enhancing the visibility and appeal of the Web3 gaming industry. K&L Gates has a long-standing relationship with both Immutable and King River Capital, having previously assisted them with various matters including fund establishment and venture capital investments. The advisory team for the IGF was led by Ed Dartley, a partner in Asset Management and Investment Funds, along with Patricia Alcamo, Matt Watts, and Daniel Atkin, who brought their expertise in cross-border funds and blockchain technology to the project. The successful launch of the IGF is seen as a pioneering effort in the blockchain gaming space, reflecting K&L Gates' commitment to supporting innovation in the Web3 sector.
Measurable Results
Successfully completed $100M transaction