
Kirkland & Ellis LLP runs an extremely active, high-volume fund formation practice which is turned to by a varied client base of flagship funds across middle-market and smaller businesses, as well as leading private equity firms and international investors. The group offers a comprehensive fund formation and investment management practice within which the group’s work on GP-led secondaries and continuation funds is a point of distinction, having represented several sponsors on closings of continuation vehicles in 2024. This is an area of strength for Daniel Lavon-Krein, who is co-head of the firm’s strategic GP practice and leads the overall team alongside Erica Berthou. As well as European-focused funds, Berthou has significant experience with emerging markets fund formation, covering all major emerging markets. Lavon-Krein focuses on complex minority investments in existing firms, a strength of the wider group, as well as being heavily involved in control and strategic transactions. Elsewhere, Katrina Rowe‘s fund formation practice is notably broad, encompassing compliance and regulatory work, so she is key team member in this regard. Sean Malone is key on the transactional side, often advising private equity sponsors on minority investment transactions. Andrew Wright is a veteran when it comes to assisting fund sponsors and a range of industry sector related funds, while Katie St. Peters in Chicago is trusted by leading global asset managers. All named lawyers are based in New York unless stated otherwise.
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Key clients
- Warburg Pincus
- KPS Capital Partners
- Oaktree Capital Management
- Summit Partners
- Vista Equity Partners
- ECP (Energy Capital Partners)
- Ares
- Blue Owl
- Arctos Partners
- EQT
Work highlights
- Advised Warburg Pincus on the formation of its largest-ever private equity fund, Warburg Pincus Global Growth 14 (WPGG 14).
- Advised private equity firm KPS Capital Partners LP on the fundraising for its flagship fund, KPS Special Situations Fund VI, which acquires control positions in manufacturing and industrial businesses in the U.S. and Europe, and KPS Special Situations Mid-Cap Fund II, which targets smaller companies that fit the same description.
- Advised Summit Partners on the closing of its latest flagship U.S. growth equity fund, Summit Partners Growth Equity Fund XII.
Lawyers
Hall of fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next generation partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Erica Berthou; Daniel Lavon-Krein
Other key lawyers
Sean Malone; Mark Boyagi; Stephanie Berdik; Andrew Wright; Katrina Rowe; Katie St. Peters