Kirkland & Ellis advised Toronto-based private equity firm TorQuest Partners on RidgeLake Partners’ ("RidgeLake") minority investment in the firm. RidgeLake, a fund advised through a strategic partnership between OA Private Capital and Apogem Capital, is a dedicated platform focused on acquiring non-control equity interests in middle market private equity firms. Founded in 2002, TorQuest Partners is a Canadian-based manager of private equity funds with more than C$5.0 billion of equity capital under management. The transaction will provide TorQuest with long-term capital to support the ongoing growth of the platform. The transaction was announced April 16, 2024. Read TorQuest Partners’ press release The Kirkland team was led by corporate partners Emma Lange-Novak and Spencer Topham; investment funds partner Daniel Lavon-Krein; tax partner Lee Morlock; and included investment funds associate Todd Melchior and tax associate Allison Bray.