M&A Finance
K&L Gates
Full Credential Description
K&L Gates LLP advised Churchill Asset Management LLC on the successful closing of two new private equity investment funds, Churchill Secondaries Partners, L.P. and Churchill Co-Investment Partners, L.P., which collectively raised approximately U.S.$1.5 billion in committed capital. The establishment of these funds was a strategic move to enhance institutional investor access to Churchill’s private equity platform, addressing the niche issue of limited access to diversified investment opportunities in the U.S. middle market. The Secondary Fund features a diversified comprising over 35 U.S. middle market private equity funds, while the Co-Investment Fund aims to bolster the growth of Churchill’s existing co-investment platform, which is recognized as one of the largest dedicated to the U.S. middle market. This tailored solution not only expanded investment options for institutional investors but also positioned Churchill to leverage its extensive network and expertise in the private equity sector. The K&L Gates team, led by investment management partner Sasha Burstein, played a crucial role in this transaction, building on their previous success in 2020 when they assisted Churchill in raising a U.S.$2 billion fund focused on providing traditional senior and unitranche loans to middle-market, private equity-backed businesses in the United States. This ongoing partnership highlights K&L Gates' commitment to delivering specialized legal that meet the evolving needs of clients in the investment funds industry.
Measurable Results
Successfully completed $1.5B transaction