Ian Jelsma

Kirkland & Ellis counseled Trinity Hunt Partners, a growth-oriented middle-market private equity firm, on the closing of Trinity Hunt Partners VII at its hard cap of $700 million in capital commitments. Fund VII was oversubscribed, with fundraising completed in less than five months. It generated significant demand from both existing and new investors. Fund VII’s diverse investor base includes leading insurance companies, pension funds, endowments, foundations, consultants, funds of funds and family offices. Read Trinity Hunt’s press release The Kirkland team was led by investment funds partners Ian Jelsma and Matt Nadworny and included investment funds associates Katherine Chernova and Alex Albert; tax partners Stephen Butler and Adam Nguyen and associate Amirali Azinfar; investment funds regulatory partners Mac Laban and Alpa Patel; investment funds ERISA partner Sabrina Glaser and associate Ted Brown; and government, regulatory & internal investigations partner Nick Niles.

Feb 6

1 min

Kirkland & Ellis advised NexCore, a commercial HVAC service platform backed by Dallas-based private equity firm, Trinity Hunt Partners, in its partnership with Kennedy Mechanical and Ryan Plumbing & Heating in Rochester, New York. The addition of Kennedy and Ryan continues NexCore’s expansion in the CHVAC services space, which began with the platform’s initial investment in Alliance Group and subsequent partnerships with Pratt & Smith and Sylvester and Cockrum. Read NexCore’s press release The Kirkland team was led by corporate partner Thomas Laughlin and associates Bridget Hamway and Sarah Walden; debt finance partners Lucas Spivey and James Bedotto and associates Daniel Kirksey and Aaron Shubert; tax partners David Wheat and Jon Nelsen; real estate partners Andrew Van Noord and John Thomas Goldman; investment funds partner Ian Jelsma; employment & labor partner Christie Alcala; employee benefits partner Justin Coddington; executive compensation partner Stephen Jacobson; environmental transactions partner Jonathan Kidwell; and technology & IP transactions partner Matt Lovell.

Jun 20

1 min

Kirkland & Ellis advised North Hudson Resource Partners LP (“North Hudson”), a Houston-based energy investment firm, on the launch of its inaugural credit fund, North Hudson Energy Credit Partners LP (“NH Energy Credit”). NH Energy Credit seeks to deploy $275 million of capital to support middle-market, North American onshore oil and gas production companies with senior secured loans to refinance existing debt, finance acquisitions and fund development. NH Energy Credit will primarily provide senior secured loans between $20 and $50 million as well as flexible capital solutions for special situations. The Kirkland team was led by investment funds partner Ian Jelsma and corporate partners Shubi Arora and Zach Savrick, with assistance from investment funds associate Tomi Olutoye; debt finance partner Lucas Spivey; and tax partners Mark Dundon and Ryan Phelps.

Jan 31

1 min

Kirkland & Ellis represented Pelican Energy Partners on the successful closing of Pelican Base Zero at $450 million, far exceeding its target of $300 million and initial hard cap of $400 million. The Fund is committed to growing and improving nuclear services companies, which are critical to sustaining and enhancing the installed nuclear power generation base. As of the final close date, the Fund had completed six platform investments with several additional opportunities expected to close prior to year-end. Read Pelican’s press release The Kirkland team included investment funds lawyers Ian Jelsma, Alex Albert and Misha Checkovich; tax lawyers Adam Nguyen and Grant Michael Newman; investment funds regulatory lawyers Xiao-Hong Jing and Natalia Pszenny; investment funds ERISA lawyers Sabrina Glaser and Theodore Brown; and government, regulatory & internal investigations lawyer Nick Niles.

Nov 4

1 min

Kirkland & Ellis counseled Trinity Hunt Partners, a growth-oriented private equity firm, on the closing of its first Continuation Fund, raising capital to support the acquisitions of Argano and Improving, two premier technology services companies, from Trinity Hunt Partners V, L.P. The Continuation Fund closed on $618 million in commitments, which includes a substantial pool of capital for follow-on investments to support the continued growth of the companies. Read Trinity Hunt’s press release The Kirkland team was led by investment funds partners Matt Nadworny, Ian Jelsma and Damian Jacobs, with support from corporate partners Thomas Laughlin and Jack Shirley; and tax partner Stephen Butler; and included investment funds associates Randy Coffey and Steven Torgesen; corporate associate Hyrum Clarke; and tax partners Adam Nguyen and Ryan Phelps.

Oct 21

1 min