Kirkland & Ellis has advised Oakley Capital Fund III on the extension of Oakley’s investment in IU Group through the sale to a continuation vehicle alongside Oakley Capital Fund V. The continuation fund was oversubscribed and is backed by investors including TPG GP Solutions, HarbourVest Partners, Goldman Sachs Asset Management, Glendower Capital and Pantheon. With over 100,000 students enrolled, IU Group is Germany’s largest private university group. It provides a well-diversified mix of online degree courses, part-time studies and on-campus learning. IU is a pioneer in delivering high-quality education, leveraging technology and innovation to meet the changing needs of students. Read Oakley Capital’s press release The Kirkland team advising Oakley was led by transactional partners Ben Leyendecker and Christoph Jerger and included investment funds partners Ted Cardos and James King, transactional partner Philip Goj, tax partner Michael Ehret and debt finance partner Alexander Längsfeld, as well as transactional associates Greta-Josefin Harnisch, Tamara Zehentbauer, Lukas Fellhölter, Juliane Hubert, Julia Jung, debt finance associate Barbara Dunkel and investment funds associate Toby Karenowski.