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Travers Smith wins Legal Fund Formation Award at the 2021 The Drawdown Awards


Travers Smith LLP is delighted to announce that its Funds team has won the Legal: Fund Formation Award at the 2021 The Drawdown Awards.

The Drawdown Awards celebrate excellence and innovation within private capital fund operations. The service provider awards celebrate a wide range of suppliers and vendors that have demonstrated expertise and top-class client services standards in their provision of services and advice to the private equity fund community. The judging panel for this year's awards was made up on leading private capital fund COOs, CFOs, CCOs, GCs and CTOs.

The team was recognised for its work supporting clients on over 20 fundraisings with aggregate commitments of multiple billions. The team advised on mandates from leading UK, European and global private equity funds, from venture through to growth, mid-market and larger buyout firms. As well as advising on these mandates, the award recognises the team for its work to innovatively shape the market with new liquidity options available to private funds, from LP tender offers, to fund recaps, preferred equity transactions and NAV-based lending. 

Key work highlights include advising:

  • on the spin-out of the Irish private equity investment team from The Carlyle Group in early 2020 forming Melior Equity Partners and the subsequent fundraising and closing of Melior Equity Partners II
  • EQT AB, the largest alternative investment fund manager in the Nordic region, on the strategic sale of its Credit business segment to Bridgepoint
  • Elysian Capital LLP on its third vintage private equity fund Elysian Capital III LP. The fund was raised virtually during the global pandemic, launching in March and closing in June
  • Bluegem Capital Partners on the structuring and fundraise of its new mid-market PE fund, Bluegem III

Commenting on the win, Funds Partner, Sam Kay, said: "I am delighted that our team has once again won the Legal Fund Formation Award at the Drawdown Awards. This is truly a reflection of the dedication and hard work of our Funds team in not only consistently providing high-quality advice to our clients, but also in helping to shape the market when it comes to fund formation."

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