Dayone Capital Fund I’s $630 Million Fundraising

Kirkland & Ellis advised Dayone Capital on the deal.

Dayone Capital, a PRC-based PE sponsor focused on consumer sector, announced the fundraising and closing of its first USD fund, Dayone Capital Fund I. The fund held its final closing with aggregate commitments of over $630 million, exceeding its original hard cap. Limited partners comprise a broad mix of prestigious institutional investors, including sovereigns, conglomerates, fund of funds, family offices and high net worth individuals.

Dayone is a multi-stage consumer investment manager founded by Allen CHEN, a proven consumer entrepreneur and experienced investor. The firm focuses on long-term investment opportunities in selective consumer verticals that are subject to structural changes over the next decade. The core team is comprised of seasoned serial entrepreneurs, investment veterans from top-tier investment institutions, and experts with senior management level operational experience.

The Kirkland team was led by investment funds partners Carol Liu (Picture) and Jennifer Feng. The team also included investment funds partner Josh Westerholm, tax partner Alec Campbell, and employee benefits partner Elizabeth Dyer.

Involved fees earner: Alec Campbell – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Jennifer Feng – Kirkland & Ellis; Carol Liu – Kirkland & Ellis; Josh Westerholm – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: DayOne Capital ;

Author: Sonia Carcano