Great Hill Partners’ $2.5 Billion Fund Formation

Latham & Watkins LLP advised Great Hill Partners on the fund formation.

Great Hill Partners, a leading growth-oriented private equity firm, announced the first and final closing of Great Hill Equity Partners VII, L.P., reaching its hard cap of US$2.5 billion of limited partner commitments.

Launched in February, the Fund was oversubscribed and surpassed its $2.0 billion target after five months in the market.

Similar to Great Hill Partners’ prior funds, Fund VII will seek opportunities to finance the acquisition, recapitalization, or expansion of rapidly growing middle market companies.

Latham & Watkins LLP advised Great Hill Partners with an investment funds team led by New York partner Andrea Schwartzman (Picture), with associates Erin Bergey, Christina Costa, and Eric Czubiak. New York partner Gregory Hannibal, with associates Valentin Riazanov and Lea Li advised on tax matters.

Involved fees earner: Erin Bergey – Latham & Watkins; Christina Costa – Latham & Watkins; Eric Czubiak – Latham & Watkins; Gregory Hannibal – Latham & Watkins; Lea Li – Latham & Watkins; Valentin Riazanov – Latham & Watkins; Andrea Schwartzman – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Great Hill Partners LLC;