Kirkland & Ellis International LLP represented Vitruvian Partners, an independent private equity firm, in the successful closing of Vitruvian Investment Partnership II, with total commitments of £1 billion. The fund was oversubscribed and closed at its self-imposed hard cap.
Vitruvian, which has offices in London, Munich and Stockholm, closed its first fund in 2008 at €925 million, one of the largest first-time funds raised in Europe. With Fund II, Vitruvian will continue its focus on middle-market and growth buyouts in Northern Europe.
The global Kirkland team was led by private funds partners Richard Watkins and Alexandra Conroy with assistance from associate Elizabeth Freeth, trainee solicitor Laura Roberts, partner Christopher Braunack and others.
“In a challenging fundraising environment, such a rapid and successful outcome is a testament to the quality of the Vitruvian team and their strategy,” said Mr. Watkins.
“We were pleased with the support from both existing and new global institutional investors in the fundraise. The assistance and experience of the team at Kirkland & Ellis was invaluable in helping us achieve this outcome,” said Mark Harford, a partner with Vitruvian Partners.
