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Ropes & Gray Serves as Legal Advisor to Crosspoint Capital Partners on $1.3 Billion Debut Private Equity Fundraise

Practices: Asset Management, Private Funds, Sponsor Representation

Ropes & Gray served as legal advisor to Crosspoint Capital Partners on its debut private equity fund. The final close of Crosspoint Capital Fund I (“Fund I”) was announced on April 13. Fund I closed at $1.3 billion, exceeding its target of $1 billion and making it one of the largest first-time, technology-focused private equity funds ever raised1. 

Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets.  Crosspoint expects to have a concentrated portfolio of investments in Fund I given the firm’s focus on operations and value creation post-investment. Crosspoint intends to focus on several transaction archetypes in Fund I, including control buyouts, minority growth equity investments, corporate carve-outs and structured investment opportunities. 

Ropes & Gray asset management partners Justin Kliger and John Ayer led the team advising Crosspoint, which also included the late Raj Marphatia, asset management partner Jason Brown, tax partner Adam Greenwood, ERISA partner Josh Lichtenstein, asset management counsel Colleen Meyer, asset management associate Martin Hipkins, Charlie Haydock, Lisa Goodman, Karina Partovi, tax associates Michael Shulman, Jenna Grove, and ERISA associate Alexa Voskerichian.

1 Preqin, North America Buyout and Growth Private Equity Funds (2021)

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