Ropes & Gray Advises Hamilton Lane in its Investment in Legend Capital LC Fund IV
Ropes & Gray advised Hamilton Lane, a leading alternative investment management firm, which acted as the lead investor in a new $200 million continuation vehicle, created through the transfer of portfolio companies from Legend Capital LC Fund IV, a 2008 fund. The transaction was announced on Feb. 13.
The investments, which also include follow-on capital for strategic investments in the portfolio companies, provide Legend Capital with the opportunity to maximize the value potential of the remaining portfolio companies through active management, alongside targeted follow-on capital.
The Ropes & Gray team advising Hamilton Lane was led by asset management partners Isabel Dische (Boston), Katie Waite (Boston) and tax partner Jay Milkes (New York).