Westport Capital Partners’ $1.3 Billion GP-Led Secondary Transaction

Schulte represented Westport Capital Partners II L.P. in the transaction.

Westport Capital Partners II L.P. executed a GP-led secondary transaction to provide liquidity to existing investors while simultaneously raising growth capital for a portfolio company through a newly established continuation fund. Together with the continued investment by existing investors who chose not to receive liquidity in the transaction, the continuation fund raised over $1.3 billion, exceeding its original hard cap.

Westport Capital Partners is a private real estate investment firm focused on long-term value creation through investments in select properties, operating companies, securities and other real estate related assets. 

The Schulte team advising Westport was led by investment management partner Joseph A. Smith (Picture), special counsel Daniel Daneshrad and tax partner Elie Zolty. The team also included investment management associate Jennifer Carl Brickfield and law clerks Gabriela Figueras and Katherine Priester; and tax associates Olesia Zakon and Michael Jaroslawicz.

Involved fees earner: Jennifer Carl Brickfield – Schulte Roth & Zabel; Daniel Daneshrad – Schulte Roth & Zabel; Michael Jaroslawicz – Schulte Roth & Zabel; Joseph Smith – Schulte Roth & Zabel; Olesia Zakon – Schulte Roth & Zabel; Elie Zolty – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Westport Capital Partners;

Author: Martina Bellini