Loyal Valley Capital’s $465 Million Fund Formation

Kirkland & Ellis LLP provided legal counsel to Loyal Valley Capital on the deal.

Loyal Valley Capital closed its second USD fund, Loyal Valley Capital Advantage Fund II LP, at US$465 million.

The fund initially targeted US$400 million but raised its hard-cap due to oversubscription by a broad mixture of global institutional investors, including sovereign wealth and fund of funds.

The investors in Fund II are a geographically diversified group of long-term oriented institutional investors. They comprise sovereign wealth funds, fund of funds managers, private banks and family offices from across the Americas, Europe and Asia. All institutional investors from LVC USD Fund I have reinvested into this second fund.

Loyal Valley Capital is a leading China-focused sponsor in the new consumer, healthcare and financial services industries. LVC currently manages three private equity funds with assets under management of over $1.6 billion.

The Kirkland team was led by investment funds partners Carol Liu (Picture) and Liyong Xing and included investment funds partner Josh Westerholm, tax partner Alec Campbell, government and internal investigations partner Nick Niles and ERISA partner Elizabeth Dyer.

Involved fees earner: Alec Campbell – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Carol Liu – Kirkland & Ellis; Nick Niles – Kirkland & Ellis; Josh Westerholm – Kirkland & Ellis; Liyong Xing – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Loyal Valley Capital;

Author: Michael Patrini