LSV Advisors Closes Another Continuation Fund as Lead Investor
NEW YORK, April 19, 2023 (Newswire.com) - LSV Advisors, LLC ("LSV"), a leading New York-based special situations secondaries firm, today announced the Q4 2022 closing of a new continuation fund managed by Amberjack Capital Partners ("Amberjack").
Amberjack is a middle-market private equity investment firm focused on building market-leading businesses serving the infrastructure, industrial, environmental and energy sectors. LSV served as lead investor in the transaction, which offered existing Amberjack investors an early liquidity opportunity. This is the second time LSV has partnered with the Amberjack team in a continuation solution in the past two years. Transaction proceeds were used not only as purchase price consideration to acquire an existing asset from affiliated Amberjack-managed funds, but also to provide capital commitments to drive organic growth initiatives and strategic opportunities.
"We are thrilled to partner with the Amberjack team for a second time and deliver a solution that provides continuity plus the capital resources necessary to enhance shareholder value," said David Tisch, CEO and Founder of LSV.
Kirkland & Ellis LLP served as legal counsel for LSV. Goldman Sachs & Co. LLC and Aviditi Advisors served as financial advisors to Amberjack, and Davis Polk & Wardwell LLP served as legal counsel.
About LSV Advisors, LLC
Founded in 2005, LSV is a New York-based special situations secondaries manager, registered with the SEC, with approximately $2 billion in assets and commitments under management on behalf of institutional and family office clients worldwide. LSV provides fund managers and investors with a wide variety of restructuring and liquidity solutions across all types of alternative investment funds. Additional information about LSV may be obtained at www.lsvfinancial.com and on the Investment Adviser Public Disclosure website maintained by the SEC (http://www.adviserinfo.sec.gov).
Source: LSV Advisors
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Tags: continuation fund, gp led, liquidity solution, restructuring, secondaries
