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February 23, 2026
Kirkland Advises Leonard Green & Partners on Inaugural Fundraise of Sage Equity Investors at over $3.6 Billion of Commitments
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- • Kirkland & Ellis advised Leonard Green & Partners, L.P
- on the final closing of Sage Equity Investors and related entities (Sage I). • Sage I is an inaugural investment program focused on single-asset continuation funds sponsored by third-party private equity managers. • Sage I closed with over $3.6 billion in total commitments, surpassing its initial $1.5 billion target. • The Kirkland team included lawyers specializing in investment funds, tax, regulatory, and ERISA matters.
Kirkland & Ellis advised Leonard Green & Partners, L.P. (LGP) on the final closing of Sage Equity Investors and its related entities (Sage I), its inaugural investment program dedicated to investing primarily in single-asset continuation funds sponsored by third-party private equity managers. Sage I closed with over $3.6 billion of total commitments, significantly exceeding its initial target of $1.5 billion. Read the transaction release The Kirkland team included investment funds lawyers John Senior, Ramen Costa, Jordan Murray, Nathan Howe and Ashley Lee; tax lawyers Lee Morlock, Michael Greenberg and Matthew Wahlquist; investment funds regulatory lawyers Nabil Sabki, John Reinert and Hane Kim; and ERISA lawyers Sabrina Glaser and Joseph Lifsics.
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