Latham & Watkins Advises Penfund on US$1.15 Billion Fund Formation

Penfund announces final close of its sixth fund, Penfund Capital Fund VI, with US counsel from firm’s Investment Funds Practice.

January 11, 2019

Penfund has announced that it has recently completed the final close of its sixth fund, Penfund Capital Fund VI, with committed capital of US$1.15 billion (CDN). This amount materially exceeds the US$724 million committed to Penfund Capital Fund V in 2016 and Fund VI’s original fundraising target of US$900 million.

Latham & Watkins LLP acted as US counsel to Penfund in the transaction with an investment funds team led by New York partner Andrea Schwartzman, with associate Krysta Copeland. Washington, D.C. partner Cheryl Coe, with associates Valentin Riazanov and Gaston Soler, advised on tax matters.

 

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.