The Huron Flex Equity Fund’s $142 Million Fundraising


Kirkland & Ellis LLP counseled Huron Capital Partners on the formation of The Huron Flex Equity Fund, L.P. (the Fund), which announced its final closing with $142 million of total capital commitments, beating its $100 million target.

The Fund will make non-control investments in the lower middle market and intends to provide customized and flexible solutions to help business owners accomplish a variety of growth and liquidity objectives. The Fund’s limited partners include endowments, foundations, multi-manager funds, corporate pensions and family offices.

Huron Capital Partners, LLC is a private equity firm specializing in recapitalizations of private companies, industry buy and build strategies, industry consolidation, management buyouts, growth capital, market-entry strategies, growth initiatives, family succession transactions, and corporate spin-offs and carve out of lower middle market and mature companies. The Firm, led by Brian A. Demkowicz and David S. Reynolds is based in Detroit.

The Kirkland team was led by investment funds partners Nicholas DiCrescenzo and Bruce Ettelson (Picture) and associates Zachary Oswald and Michael Wester, and included investment management partner Michael Chu and tax partner Daniel Meehan.

Involved fees earner: Nicholas DiCrescenzo – Kirkland & Ellis; Bruce Ettelson – Kirkland & Ellis; Zachary Oswald – Kirkland & Ellis; Michael Truett Wester – Kirkland & Ellis; Michael Chu – Kirkland & Ellis; Daniel Meehan – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Huron Capital Partners LLC;

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Author: Ambrogio Visconti