Luminate Capital Partners II, LP’s $425 Million Fundraising

Kirkland & Ellis LLP counseled San Francisco-based private equity firm Luminate Capital Partners on the deal

Luminate Capital Partners, a private equity firm investing in software and software-enabled services businesses in the middle market, completed the fundraising for Luminate Capital Partners II, LP with $425 million of committed capital from a broad group of institutional investors.

Fund II includes a diversified investor base of leading endowments, foundations, public and corporate pensions, ?asset management firms, and family offices. Moelis & Company LLC served as placement agent and Kirkland & Ellis LLP provided legal counsel for Luminate.

Luminate closed its oversubscribed inaugural fund in 2017 with more than $265 million of capital commitments.

The Kirkland team was led by investment funds partner Nicholas DiCrescenzo (Picture) and associates Kevin Wessel, Michael Black and Keny Zurita; and included investment management partner Corey Zarse and associate Phil Giglio; tax partner Daniel Meehan; and ERISA partner Elizabeth Dyer.

Involved fees earner: Michael Black – Kirkland & Ellis; Nicholas DiCrescenzo – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Phil Giglio – Kirkland & Ellis; Daniel Meehan – Kirkland & Ellis; Kevin Wessel – Kirkland & Ellis; Corey Zarse – Kirkland & Ellis; Keny Zurita – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Luminate Capital Partners;

Author: Ambrogio Visconti