Cleary Gottlieb’s private funds practice has extensive experience in private equity, credit, special situations, venture capital, real estate and infrastructure funds—many with sophisticated structures attracting multibillion-dollar commitments.
With 25 years of legal experience in fund formation and LP representation, we have structured and organized funds with commitments in excess of $125 billion throughout the world. Our practice builds long-term partnerships with clients and good will with counterparties, committing resources and substantial knowledge across all relevant legal areas, as well as market best practices.
Selected Private Funds Experience
KKR in the formation of KKR Asian Fund III, a private equity fund focused on leveraged buyouts, management buyouts and platform build-ups in Asia, and in the formation of KKR China Growth Fund, a private equity fund formed to pursue growth investment opportunities in Greater China.
TPG Capital in the formation of its seventh flagship buyout fund, TPG Partners VII.
MBK Partners in the formation of its fourth flagship fund, MBK Partners Fund IV.
TPG Growth in the formation of TPG Growth III, TPG’s primary investment fund for small- and middle-market growth equity and buyout investments that invests in both developed and emerging markets.
Blackstone Alternative Asset Management in the establishment of fund-of-one and other bespoke managed account arrangements.
Raine Capital in the formation of Raine Partners II, an investment fund focused on proprietary investments in the entertainment, media, sports, consumer and lifestyle sectors.
Angelo, Gordon & Co. in the structuring of a number of private equity real estate funds, including in the formation of their Asia-focused real estate fund.
Citi Infrastructure Partners in the formation of a multibillion-dollar global infrastructure fund.
Deutsche Bank in the formation of a real estate co-investment fund.
Hillhouse Capital in the establishment of various private equity funds, joint ventures and co-investment structures.
JP Morgan in the formation of LC Asia Private Investors and LC Asia Private Investors, Offshore, which were formed to invest in L Capital Asia, an Asia-focused private equity fund.
Northstar in the formation of Northstar Equity Partners IV, Northstar’s fourth private equity fund focused on investments in Southeast Asia.
Victoria Capital Partners (formerly DLJ South American Partners) in the formation of its second private equity fund, Victoria South American Partners II, a Latin America-based private equity fund.
Selected Credit/Special Situations Funds Experience
TPG Sixth Street Partners (TSSP) in the formation and structuring of TSSP Adjacent Opportunities Partners (TAO).
TPG Sixth Street Partners (TSSP) in the formation and structuring of TPG Specialty Lending, Inc., a business development company focused on loan origination to middle-market companies.
TPG Sixth Street Partners (TSSP) in the formation and structuring of TPG Specialty Lending Europe, a private investment fund focused on loan origination to European middle-market companies.
TPG Sixth Street Partners (TSSP) in the formation of TPG Opportunities Partners III, an investment fund focused on special situations and distressed credit investments.
Aventicum Capital Management (UK) LLP, a new emerging markets credit fund manager in the UK.
The formation and structuring of Credit Suisse-EMCO, a $1 billion emerging market credit opportunity fund, including a $250 million Credit Suisse investment.
Deutsche Bank in connection with the formation of several funds to permit their high net worth investors access to credit and special situation funds, including Blackstone Dislocation Credit Fund, KKR Credit Private Fund and Apollo Credit Opportunity Fund III.
Hildene Leveraged Credit in the formation of a hedge fund investing in the equity and mezzanine debt tranches of Hildene managed CLOS.
JP Morgan in connection with the formation of conduit vehicles to facilitate investments by high net worth investors of the private banking and wealth management clients of JP Morgan in each of: Warburg Pincus XII, Blackstone Real Estate Partners VIII, Avenue Europe Special Situations Fund III, Warburg Pincus Energy, Crestview Partners III and Blackstone Real Estate Partners Asia.
March 11, 2018
November 14, 2017
June 12, 2017