Restructuring of Vector’s Funds II and III and affiliated vehicles for approximately $450 Million

Evercore served as financial advisor and Kirkland & Ellis LLP served as legal counsel to Vector Capital.

Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has successfully completed a restructuring of Vector Capital II, L.P., a 1999 vintage fund, Vector Capital III, L.P., a 2005 vintage fund, and affiliated vehicles held by existing LPs (collectively, the “Funds”), for approximately $450 million. Goldman Sachs Asset Management’s Vintage Funds and GIC led the transaction, and collectively, are now the largest LPs in the Funds.

The Kirkland team was led by Chicago investment funds group partner Michael Belsley (Pictue) and included San Francisco private equity partner Jeffrey B. Golden, P.C., San Francisco investment funds partners Sarah Kirson, P.C. and Matthew Dickman, Chicago investment funds group partners Michael Chu and Scott Moehrke, Chicago tax partners Don Rocap and Lee K. Morlock, P.C., Chicago litigation partner John F. Hartmann, P.C., Washington antitrust partners Ellen Jakovic and Carla Hine, San Francisco investment funds group associates Robert Broderick, Sina Chehrazi, April Larkin, Tony Song and Emma Whenham, Chicago investment funds associate Phil Giglio, San Francisco private equity associates Ellenie Hollis and Ari Levi, and London tax associate Brad Hillson.

Involved fees earner: Michael Belsley – Kirkland & Ellis; Sarah Kirson – Kirkland & Ellis; Matthew Dickman – Kirkland & Ellis; Michael Chu – Kirkland & Ellis; Scott Moehrke – Kirkland & Ellis; Robert Broderick – Kirkland & Ellis; Sina Chehrazi – Kirkland & Ellis; April Larkin – Kirkland & Ellis; Tony Song – Kirkland & Ellis; Emma Whenham – Kirkland & Ellis; Phil Giglio – Kirkland & Ellis; Donald Rocap – Kirkland & Ellis; Lee Morlock – Kirkland & Ellis; Brad Hillson – Kirkland & Ellis; John Hartmann – Kirkland & Ellis; Ellen Jakovic – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Ari Levi – Kirkland & Ellis; Jeffrey Golden – Kirkland & Ellis; Ellenie Hollis – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Vector Capital;

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Author: Ambrogio Visconti