Karin Orsic

Kirkland & Ellis advised middle-market private equity firm Bertram Capital Management, LLC on the close of its fifth investment fund, Bertram Capital V, L.P. The fund was oversubscribed and closed at $1.5 billion, which was above the initial target of $1.25 billion. The closing was announced on January 18, 2024. Commitments came from a well-respected and diverse group of new and existing global limited partners, including public, corporate and foreign pension funds, endowments, insurance companies, foundations and family offices. Read Bertram’s press release The Kirkland team was led by investment funds partners Karin Orsic and Mary Kwan and associate Ally Relat, and included tax partners Joel Peters-Fransen and Andrew Chan and associate Shiyu Ni; and investment funds regulatory partner Alpa Patel and associates Natalia Pszenny and Meng Ding.

Jan 18

1 min

Kirkland advised Bertram Capital on the closing of Bertram Growth Capital IV LP and Bertram Growth Capital IV-A LP, with $940 million of total capital commitments ($875 million from limited partners and $65 million from the general partner), which is significantly above the initial hard cap of $800 million and 80% above its prior fund.  The new fund will continue Bertram’s proprietary buy and build strategy, anchored by Bertram Labs, the firm’s in-house technology enablement team. Read the Bertram press release The Kirkland team was led by investment funds partners Karin Orsic and Sarah Roberts and associate Mary Kwan.

Jun 16

1 min

Kirkland & Ellis advised Gryphon Investors on the closing of a single-asset continuation vehicle for Vessco Water, a market-leading distribution and services platform in the water and wastewater treatment market. Apollo S3, CVC Secondary Partners, and Lexington Partners L.P. acted as lead investors in the transaction, with Vessco Water's management remaining large shareholders in the company. The transaction delivered liquidity to Gryphon VI limited partners and co-investors and also provided new committed capital for growth and investment in Vessco Water. Read Gryphon’s press release The Kirkland team was led by investment funds partners Damian Jacobs and Karin Orsic and corporate partner Noah Boyens.

Sep 20

1 min

Kirkland & Ellis advised Sumeru Equity Partners, a growth-oriented private equity firm focused on growing innovative technology businesses, on its $330 million growth investment in JobNimbus, a game-changing SaaS provider for the roofing industry. This funding will help enable JobNimbus to scale its operations, expand product offerings and continue its mission to transform the contractor technology space. Read Sumeru’s press release The Kirkland team included corporate lawyers Adam Phillips, Kady Reese and Connor O’Flaherty; debt finance lawyers Brian Ford, Caitlin Bouey, Sydnee Hertle and Chris Glenn; tax lawyers Devin Heckman and David Morris; and investment funds lawyers Zeke Couch, Karin Orsic and David Kim.

Nov 13

1 min

Kirkland represented FTV Capital (FTV) on a minority investment in FTV from funds managed by Blackstone GP Stakes. FTV has a 25-year track record of investing in innovative, high-growth companies across the enterprise technology, financial services and payments landscapes and will benefit from this new partnership with one of the world’s leading investment firms. Blackstone GP Stakes specializes in value-added, long-term investments in the management companies of leading private equity firms, making available a wide range of proprietary Blackstone resources to help these firms realize their ambitions. Read FTV’s press release The Kirkland team was led by investment funds partners Emma Lange-Novak, Daniel Lavon-Krein, Guillemette Chamayou and Saif Iqbal Shah Mohammed, and included investment funds partner Karin Orsic; investment funds regulatory partner Nick Hemmingsen; corporate associate Zack Theo; tax partner Joel Peters-Fransen and associate Allison Bray; and capital markets partner Lisa Zhang.

May 10

1 min