Akin Gump Advises Everstone on $730 Million Private Equity Fund
(London) - Akin Gump has advised the Everstone Group on the closing of its third private equity fund, Everstone Capital Partners III, with final total investor commitments of $730 million.
The fundraising comprises $700 million of LP capital from leading institutional investors, and an additional $30 million commitment from Everstone and its affiliates. Institutional demand significantly exceeded capacity, resulting in the fund closing at its hard cap.
Akin Gump’s global investment funds practice is a leader in emerging market funds with a strong focus on India funds.
Akin Gump London investment funds partner John Holton led the team advising Everstone, supported by a team in London and Singapore.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 900 lawyers and advisors in the United States, Europe, Asia and the Middle East.