Grain Communications Opportunity Fund III’s $3.75 Billion Fundraising

Paul, Weiss advised Grain Management in the transaction.

Grain Management executed the formation and fundraising of its flagship fund Grain Communications Opportunity Fund III, L.P. (GCOF III) and its spectrum-focused investment vehicle Grain Spectrum Holdings III, L.P. (GSH III). GCOF III closed with $2.25 billion in commitments, exceeding its target of $1.5 billion. GSH III closed in September 2020 with $1.5 billion in commitments, exceeding its $1 billion target.

Grain Management, LLC is a leading investor focused on the global communications sector. The firm was founded in 2007 with the objective of bringing a differentiated approach to the industry characterized by expansive sector knowledge, rigorous analytics and dedicated, in-house operating and financial professionals.

The Paul, Weiss team included corporate partner Amran Hussein (Picture) and counsel Caitlin Kelly; tax partner David Mayo and counsel Mashiho Yuasa; executive compensation partner Andrew Gaines and counsel Jacob Glazeski.

Involved fees earner: Andrew Gaines – Paul Weiss Rifkind Wharton & Garrison; Jacob Glazeski – Paul Weiss Rifkind Wharton & Garrison; Amran Hussein – Paul Weiss Rifkind Wharton & Garrison; Caitlin Kelly – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Mashiho Yuasa – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Grain Management;

Author: Martina Bellini