Kirkland Leads One Equity Partners on $2.75 Billion Fund Closing

Kirkland & Ellis advised One Equity Partners on its oversubscribed eighth private equity fund, which topped its initial hard cap to close with $2.75 billion in committed capital.

The OEP VIII fund, which beat One Equity Partners’ previous fund close by about $1 billion, is its biggest independent fund since spinning off from JP Morgan in 2015. It brings the firm’s combined assets under management and committed capital to around $10 billion, according to a statement.

One Equity Partners said that it targets investments between $30 million and $300 million in technology, industrial and health care businesses across North America ...