Kirkland & Ellis advised Chicago-based private equity firm Frontenac on the close of its 13th fund, Frontenac XIII Private Capital L.P. (“Frontenac XIII”). The fund was significantly oversubscribed and closed at $900 million of committed capital, well above its initial $700 million target. Frontenac XIII reached its hard cap with strong support from its existing investor base and an expanded group of limited partners, including leading endowments and foundations, pension funds, sovereign wealth funds, asset managers, consultants, and family offices in the U.S. as well as abroad. The transaction was announced January 23, 2025.