Glendower Capital’s $2.7 Billion Fundraising

Debevoise & Plimpton LLP served as legal counsel to Glendower Capital on the deal.

Glendower Capital raised $2.7 billion for Glendower Capital Secondary Opportunities Fund IV, LP (“SOF IV”), its fourth global secondary private equity fund.

SOF IV represents Glendower’s first fundraising since its founding by its partners as an independent secondary private equity manager in 2017.

Investors in SOF IV represent a high quality, diversified global group that include public and corporate pension funds, sovereign wealth funds, insurance companies, endowments, foundations, wealth platforms and family offices. Glendower began investing SOF IV in 2018 and the fund’s portfolio development is already well underway.

Glendower acquires secondary private equity assets providing liquidity solutions to investors globally. The team has a long history of executing a range of transactions with sellers – from the acquisition of limited partnership interests to the more complex GP-led transactions. Headquartered in London with offices in New York, Glendower manages $5.7 billion in commitments dedicated to secondaries.

The Debevoise team advising Glendower on SOF IV was led by partner Geoffrey Kittredge (Picture) and former associate Tom Hodge, who joined Glendower as General Counsel earlier this year. The team also included associate Mollie Braverman. UK tax advice was provided by partner Richard Ward, and US tax advice was provided by partner Matthew D. Saronson, and associates Samuel M. Duncan and Gregory A. Arutiunov.

Involved fees earner: Gregory Arutiunov – Debevoise & Plimpton; Mollie Braverman – Debevoise & Plimpton; Samuel Duncan – Debevoise & Plimpton; Tom Hodge – Debevoise & Plimpton; Geoffrey Kittredge – Debevoise & Plimpton; Matthew Saronson – Debevoise & Plimpton; Richard Ward – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: Glendower Capital LLC;