Kirkland Advises Waterland on €4.6 Billion Dual Fundraise

Kirkland & Ellis advised Waterland Private Equity Investments on the formation of its 10th institutional flagship fund, Waterland Private Equity Fund X (WPEF X), which closed at its €4 billion hard cap, alongside Waterland Partnership Fund II (WPF II), which closed at its €600 million hard cap. Both funds were materially oversubscribed as a result of continued strong support from existing investors as well as significant interest from new investors and closed less than four months after launch. WPEF X is the 10th generation of the flagship fund strategy investing in companies across Europe that operate in fragmented, growing markets, while supporting both organic and acquisitive growth.

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The Kirkland team included investment funds lawyers Christopher Braunack, Andy Shore, Luke Scott, Robert Burke, Petrina Nomikou, Ellie Fielding and Marcus Millen; tax lawyers Ceinwen Rees, Loviisa Langdon and Gal Shemer; financial services regulatory lawyer Tom Woodhead; investment funds regulatory lawyers Josh Westerholm and Peter Gauss; and investment funds ERISA lawyers Sabrina Glaser and Joe Lifsics.