Ropes & Gray Advises Periscope Equity On Its Inaugural Fund
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 associates Arthur Andersen and Ruth Gao, tax & benefits associate Denise Sohn, and corporate associate Shudan Shen.
Periscope Equity’s press release announcing the close can be viewed here.