Kirkland Advises Aurora Equity on Close of AEP VII

Kirkland & Ellis advised Los Angeles-based private equity firm Aurora Capital Partners on the close of over $2.1 billion of capital commitments for Aurora Equity Partners VII (AEP VII). AEP VII exceeded its initial target, receiving support from new and existing limited partners and a wide range of leading institutional investors including public and corporate pensions, insurance companies, family offices, asset managers and industry consultants. Consistent with Aurora's longstanding investment strategy, AEP VII will invest in U.S. middle-market companies within business services, industrial services, and tech-enabled services. AEP VII is Aurora's largest fund since the firm was founded in 1991. The predecessor fund, Aurora Equity Partners VI, closed above its target in 2021 with aggregate commitments of $1.65 billion.

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The Kirkland team included investment funds lawyers Michael Lee, Arman Zadeh, Noah Chamberlain, Justin Lee and Ryan Sakazaki; tax lawyers Michael Alcan, Dion Toledo and Lauren Lin; investment funds regulatory lawyers Matt Cohen, Leland Langston and Jordan Chafetz; investment funds ERISA lawyers Christine Matott and Alec Bodendorfer; technology IP and transactions lawyers John Lynn, Seth Pritchard, Reilly Townsend, Joanna Thomson and Jacqueline Clover; and international trade & national security lawyers Mario Mancuso, Luci Hague and William Phalen.