Kirkland & Ellis advised Arcline Investment Management LP (Arcline), a growth-oriented private equity firm with offices in Nashville, San Francisco and New York, on the formation of its third flagship fund, Arcline Capital Partners III, with aggregate capital commitments of $4.5 billion. The fund was raised without the use of a placement agent following the launch of the fundraise in September 2022. Arcline’s global investor base is primarily comprised of institutional investors, including university endowments, sovereign wealth funds, pension funds, insurance companies, fund-of-funds, family offices and charitable foundations. The fund will enable Arcline to continue its flagship strategy of investing in middle-market opportunities in high-value industrial sectors, predominantly located in North America.
The fund’s closing was announced on March 21, 2023.
The Kirkland team was led by investment funds partners Barry Le Vine, David King and Daniel Lavon-Krein, with assistance from associates Sean O’Connell, Monique Groen, Aaron Christenson, Josh Jones and Kelsey Goldman. The team also included investment funds partner Zeke Couch; tax partners Lee Morlock and Steven Cantor and associate Katherine Karnosh; and investment funds partner Matthew Cohen and associate Radhika Kshatriya.
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