An overpass on the highway to the city
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Latham & Watkins Advises Duration Capital Partners in Completed Spin-Out From Oaktree

July 10, 2024
Firm’s Investment Funds team represented the newly formed, long-term transportation infrastructure investment platform.

Duration Capital Partners (Duration), a newly formed private investment firm focused on North American transportation infrastructure, has announced that it has completed its spin-out of Oaktree Capital Management, L.P.'s (Oaktree) transportation infrastructure business. Duration is led by Co-Chief Executive Officers Emmett McCann and Josh Connor, who have led Oaktree's transportation infrastructure team since its inception. Oaktree will remain a minority investor in Duration, and Oaktree's Vice Chair and former managing partner, John Frank, will serve as Chairman of the new firm.

Latham & Watkins LLP represented Duration in the transaction with an investment funds team led by partners Nadia Sager and Ivana Rouse, with associate David Moore. Advice was also provided on tax matters by partner Michael Milazzo and counsel Lauren Bewley, and on funds regulatory matters by partner Aaron Gilbride, with associate Mike Hart-Slattery.