Kirkland & Ellis advised Grafine Partners, an investment management firm that identifies differentiated sources of alpha by investing in new firms led by experienced private equity investors, in connection with an investment in its business by CAZ Investments, a Houston-based investment manager. Grafine was formed in 2019 to meet the needs of sophisticated investors seeking new and innovative approaches to invest private capital across sectors, geographies and capital structures. Read the transaction press release The Kirkland team was led by investment funds partners Jonathan Lipnick, John Berger, Robert Blaustein, Peter Vaglio and Charles Chen and associate Erica Sims; tax partners Stanley Ramsay and Philip Cooke and associate Ruth Thomson; corporate associate Brayton Deprey; and investments funds regulatory partner Noah Qiao and associate Tiffany Kwok.