Kirkland Advised Periscope Equity on Close of $370 Million Oversubscribed Third Fund
The global law firm Kirkland & Ellis advised Periscope Equity, a Chicago-based private equity firm, on the successful close of Periscope Equity III, L.P., which secured aggregate commitments of $370 million, surpassing its initial target of $300 million in under 12 months from launch. Fund III’s investor base includes both new and returning limited partners, comprising leading university endowments, pension funds, charitable foundations, consultants, funds-of-funds, and family offices.
Since 2018, Periscope has raised approximately $700 million in committed capital across its three funds, invested in 11 platform companies, and completed 28 add-on acquisitions, reflecting the firm’s consistent growth and investment strategy.
The Kirkland & Ellis team advising on the fund closing included investment funds lawyers Dan McQuade, Michael Wester, Nick Hemmingsen, Christine Matott, Nathan Howe, Hannah Cloh, and Jake Ahlgren, along with tax lawyers Christopher Odell and Alex Stephenson.
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