Akin Gump Advises Francisco Partners in NextCapital Financing
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(New York) – NextCapital, a provider of digital advisory services, today announced $30 million in growth financing, bringing the company’s total funding to $85 million. The financing was led by FP Credit, the credit investment arm of Francisco Partners, a leading global investment firm, which was advised by Akin Gump. Oak HC/FT and IA Capital Group also participated in the capital raise.
NextCapital enables scalable financial planning, advice and managed accounts across leading financial institutions. Its multi-channel solution supports defined contribution, IRA rollover and retail account.
To learn more about the transaction, please click here.
Daniel Fisher, head of Akin Gump’s integrated special situations team, and partner Fred Lee led the Akin Gump team advising Francisco Partners. Earlier this year, they led the team that advised Francisco Partners in a $225 million financing of Eventbrite, Inc. To learn more about that, please click here.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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