Sidley advised RoundShield Partners LLP (“RoundShield”) on the successful raising of its fourth European Special Opportunities Fund (the “Fund”). The Fund was more than two times oversubscribed and closed at its hard cap of £670 million (including GP commitment) within three months of launch.
The successful fundraise followed the closing of two special purpose vehicles with approximately €250 million of capital in the second half of 2019. RoundShield now advises approximately $2.5 billion across four funds and several co-investment vehicles. Commitments to the Fund were made primarily by existing institutional investors from the United States, the Middle East, the United Kingdom and Europe.
RoundShield, a significant Sidley client, is an independent investment firm focused on European asset-backed special opportunities, including real estate, infrastructure, other hard assets and financial assets. With offices in London, Paris, Madrid, Jersey and Luxembourg, the firm invests across Western Europe.
The Sidley team was led by partner Stephen Ross with principal support from Joshua Jones. Other team members include Deirdre Fahy, Alistair Gunn, Zoe Hansen and Zhize Wang.