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January 23, 2026
Kirkland Counsels Pelican Energy Partners on Final Closing of Oversubscribed Inaugural Nuclear Energy Fund
1 min
AI-made summary
- Kirkland & Ellis advised Pelican Energy Partners on the closing of Pelican Base Zero, which raised $450 million, surpassing its $300 million target and $400 million hard cap
- The fund focuses on supporting and developing nuclear services companies to maintain and enhance the existing nuclear power generation base
- By the final close, the fund had completed six platform investments, with additional deals anticipated before the end of the year.
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.
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