Carol Liu, Liyong Xing, Josh Westerholm, Alec Campbell, Nick Niles, Elizabeth Dyer
January 24, 2026
Kirkland Represents Loyal Valley Capital on Second Private Equity Fund
1 min
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- Kirkland & Ellis advised Loyal Valley Capital on the closing of its second USD fund, which raised US$465 million, surpassing its initial US$400 million target due to oversubscription from a diverse group of global institutional investors, including sovereign wealth funds and fund of funds
- The law firm previously represented Loyal Valley Capital in raising its first private equity fund in 2018
- The Kirkland team was led by several partners across investment funds, tax, government investigations, and ERISA.
Kirkland & Ellis advised Loyal Valley Capital, a leading China-focused sponsor in the new consumer, healthcare and financial services industries, on the successful closing of its second USD fund at US$465 million. The fund initially targeted US$400 million but raised its hard-cap due to oversubscription by a broad mixture of global institutional investors, including sovereign wealth and fund of funds. Kirkland also represented Loyal Valley Capital on the raising of its first private equity fund in 2018. Read the company press release
The Kirkland team was led by investment funds partners Carol Liu and Liyong Xing and included investment funds partner Josh Westerholm, tax partner Alec Campbell, government and internal investigations partner Nick Niles and ERISA partner Elizabeth Dyer.
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Carol Liu, Liyong Xing, Josh Westerholm, Alec Campbell, Nick Niles, Elizabeth Dyer
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