Fried Frank Steers Kennet To $250M Tech-Focused PE Fund

Law360 (July 2, 2020, 12:30 PM EDT) -- Kennet Partners Ltd., advised by Fried Frank, said Thursday that it finalized its fifth fund after securing $250 million from limited partners, with plans to invest in technology companies that were formed without external capital across Europe, the U.K. and the U.S.

The fund, Kennet V, was raised in partnership with the private equity division of Swiss bank Edmond de Rothschild SA, according to a statement. The new fund surpassed its original target, collecting capital from investors across Europe and Asia.

Michael Elias, managing director for Kennet Partners, said in the press release that "this fundraise is an important milestone for...

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