Ropes & Gray LLP provided legal counsel to Periscope Equity on its inaugural fund, Periscope Equity I, L.P. The fund announced its final closing with more than $104 million of committed capital on July, 24.
Periscope Equity is a Chicago-based private equity firm dedicated to buyouts of technology-enabled business services companies within niche sector leaders that have unique technology, data, intellectual property, or service offerings; a history of sustainable profitability and cash generation; and known avenues for growth.
Periscope received fund commitments from a distinguished group of limited partners, including endowments, pension funds, charitable foundations, fund-of-funds, family offices and high net worth individuals.
The Ropes & Gray team was led by private investment funds partner Peter Laybourn and included tax partner James Brown, ERISA counsel Sabrina Glaser, private investment funds associate Arthur Andersen, tax & benefits associate Denise Sohn, and corporate associate Shudan Shen.
Periscope Equity’s press release announcing the close can be viewed here.
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