Kirkland & Ellis advised IK Investment Partners, a leading Pan-European private equity firm, which recently closed its third Small-Cap fund, the IK Small Cap III Fund. The fund was closed at its hard cap with aggregate capital commitments of €1.2 billion, more than double the size of its €550 million predecessor, the IK Small Cap II Fund. The Fund was significantly oversubscribed and allocated exclusively to existing IK platform investors in just three months, having been raised on a fully virtual basis. The Kirkland team was led by investment funds partners Jeremy Leggate and Christopher Braunack and associates David Pritchett, Yushra Raheem, Oliver Cutbill and Hannah Wilson, and included tax partners David Grenker, Ian Ferreira and Justin Barbosa and regulatory partners Josh Westerholm and Adam Skinner.