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Simpson Thacher Advises on Two of the Ten Largest PE Fund Closings of Q1 2019
04.02.19
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The Firm was recently featured in a Law360 article titled “Inside The 10 Largest PE Funds Of Q1 2019,” which ranked the largest fund closings of Q1 2019, according to data provided by research firm Preqin. Simpson Thacher advised on two of the listed fund closings:
- Astorg VII, $4.57B. Raised with assistance from Partners Gareth Earl and Barrie Covit; and
- Technology Crossover Ventures X, $3B. Raised with assistance from Michael Nooney and Tom Wuchenich.
Corporate Partner Peter Gilman was also quoted in the article discussing how “the lines between traditional PE investing and venture and growth equity investing have blurred.” According to Peter, “we are now seeing significant pools of capital raised by PE firms and growth equity and venture investors to make technology-oriented investments both on a standalone basis and as part of a broader investment program, [a]nd this is just the beginning as continued specialization and technological advancement will spur further growth."
To read the article, please click here (subscription required).