NEW YORK, 23 Aug 2021 / PRNewswire / – The Jordan Company, LP (“TJC”) is pleased to announce the successful closing of The Resolute II Continuation Fund, LP (and its associated vehicles, the “Fund”). The Fund is made up of more than $ 10.3 billion in capital commitments, which financed the purchase of portfolio companies from The Resolute Fund II, LP (“Resolute II”), a 2007 vintage fund with approximately $ 30.6 billion in capital commitments, and is the first continuation fund established by TJC.
The Fund provides TJC with additional time and capital to support the continued growth of key portfolio assets, while providing Resolute II limited partners with an attractive liquidity opportunity to solidify their returns.
“With the closing of the Fund, we are delighted to expand our partnership with the Fund’s portfolio companies while providing existing Limited Partners of Resolute II the ability to receive cash based on their individual investment objectives,” said Rich Caputo, Managing Partner of TJC. “The transaction received strong support from existing sponsors of Resolute II and was oversubscribed by potential new investors. We could not be more satisfied with the high quality investor base that the Fund has attracted ”, added Kristin custar, partner and head of TJC’s Global Investor Capital Group.
The companies in the Fund’s portfolio are representative of TJC’s long-standing focus on investing in mid-market companies with strong potential for cash flow conversion and operational improvement in fragmented markets across all four sectors. Major Company Verticals: Consumer and Healthcare; Industrialists; Technology, telecommunications and utilities; and Transport & Logistics.
“We believe this transaction strengthens the alignment between the management teams of the Fund’s portfolio companies, the limited partners and TJC. We are delighted to begin a new chapter in our partnership with our investors and our management ”, added Rich Caputo.
The transaction was led by Hamilton Lane and included a diverse group of secondary and primary investors, including the limited partners of Resolute II. TJC has offered all existing Resolute II limited partners the opportunity to exercise a full liquidity option, a rollover option and an option to seek to make additional capital commitments to the Fund.
M2O Private Fund Advisors served as exclusive financial advisor to TJC and Latham & Watkins served as legal advisor to TJC. Ropes & Gray acted as legal counsel for Hamilton Lane.
About Jordan Company
TJC, founded in 1982, is a mid-sized private equity firm managing funds with initial capital commitments exceeding $ 16 billion since 1987 and 39 years of experience in investing and contributing to growth. many companies in a wide range of industries, including consumer and healthcare; Industrialists; Technology, telecommunications and utilities; and Transport & Logistics. The senior investment team have been investing together for over 20 years and are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. Based in New York, TJC also has offices in Chicago and Stamford. For more information, please visit www.thejordancompany.com.
About Hamilton Lane
Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to sophisticated investors around the world. Dedicated exclusively to private markets investing for 30 years, the firm currently employs around 475 professionals operating in offices across North America, Europe, Asia Pacific, and the Middle East. Hamilton Lane has $ 757 billion in assets under management and supervision, including $ 92 billion in discretionary assets and $ 665 billion in advisory assets, as of June 30, 2021. Hamilton Lane specializes in creating investment programs. ‘flexible investments that provide clients with access to the full range of private market strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: www.linkedin.com/company/hamilton-lane.
The Jordan Company
View original content: https://www.prnewswire.com/news-releases/the-jordan-company-announces-successful-closing-of-1-3-billion-continuation-fund-led-by-hamilton-lane – 301360706.html
SOURCE The Jordan Company, LP