Walkers Acts on US$2 Billion Sterling Group Fund V

Walkers is pleased to have acted as Cayman Islands counsel to The Sterling Group on the closing of Sterling Group Partners V, LP (together with its parallel fund, "Fund V"). Fund V was oversubscribed and closed at its US$2 billion hard cap.
 
The majority of Fund V's capital was committed by returning investors. In addition, The Sterling Group, welcomed several new investors that expanded the firm's investor base in the United States, the Middle East and Asia. Consistent with Sterling’s successful history over four decades, Fund V will primarily target corporate carve-outs and family businesses. The firm emphasizes its operational approach in partnership with management teams to grow and improve its portfolio companies.
 
Walkers was instructed by onshore law firm Kirkland & Ellis and was led by Cayman Islands partner Bicrom Das with assistance from associates Jen Sangaroonthong and Jenna Wong.