Kirkland & Ellis‘s team is noted for handling investment fund matters spanning the financial services, health care, pharmaceuticals, and technology sectors. The team regularly advises on investment fund formation and closing, acting for both domestic and global clients. Carol Liu and Jennifer Feng co-lead the team; Liu is highly experienced in fund structuring and establishment, while Feng has strong knowledge of the fundraising and restructuring of funds. They are supported by Jerry Choi, whose clients consist of private equity sponsors and managers. In January 2025, Shinong Wang departed from the firm.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • ‘Extremely experienced team that is very commercial and able to focus on clients' needs and priorities and come up with creative alternatives and solutions to come to win-win solutions.’

  • ‘Carol Liu is the main contact we have at Kirkland and she has seen so much over the years that she is able to provide the creative solutions which are relevant and dynamic while being in-line with the latest trends and flows of the market.’

Key clients

  • Edelweiss
  • Adamantem
  • Ares Management
  • TPG NewQuest
  • GLP Capital Partners
  • HarbourVest
  • Integral Corporation
  • PAG
  • VIG
  • Creador
  • LGT Capital Partners

Work highlights

Advising PAG Asia Capital, one of Asia’s largest private equity firms, on the successful closing of its flagship buyout fund PAG Asia IV for USD4bn+.
Advising Integral Corporation, one of the largest Japan-dedicated private equity firms listed on Tokyo Stock Exchange, on the successful closing of Integral Fund V Series for JPY250bbn (approximately USD1.763bn), the largest fund raised by a Japan local PE sponsor in 2024.

Practice head

Carol Liu; Jennifer Feng

Other key lawyers

Jerry Choi