Kirkland & Ellis represented Ascendent Capital Partners, an independent China-focused private equity firm, on the first and final closing of its second private equity fund. The fund closed at its hard cap with aggregate capital commitments of US$600 million, exceeding its initial target of US$500 million. The fund will continue Ascendent’s investment strategy in large-scale private manufacturing and premium retail companies, and the energy and real estate sectors in China.
The Kirkland team was led by Hong Kong-based private funds partners Justin Dolling and Jonathan Tadd.
Kirkland & Ellis has one of the largest and most experienced sponsor-side private funds practices in the world with nearly 100 attorneys focused on private funds across nine offices in six time zones. The Firm has formed more than 800 private equity funds on behalf of approximately 430 private equity sponsors since 1995, raising more than US$570 billion.
Kirkland & Ellis is a 1,600-attorney law firm representing global clients in complex private funds, corporate/M&A, restructuring and tax, litigation and dispute resolution/arbitration, and intellectual property and technology matters. The Firm has offices in Hong Kong, Beijing, Chicago, Houston, London, Los Angeles, Munich, New York, Palo Alto, San Francisco, Shanghai and Washington, D.C.