Kirkland & Ellis has advised Australian private equity firm BGH Capital on the successful closing of its second vintage flagship private equity fund, BGH Capital Fund II, at approximately AUSD3.6 billion, making it the largest-ever private equity vehicle raised for deployment in Australia and New Zealand.

The fund was oversubscribed with a broad mix of global institutional investors, including sovereigns, pensions, endowments and fund of funds.

Kirkland also represented BGH Capital in raising its debut fund, BGH Capital Fund I, which was the largest first-time fund raised for Australia and New Zealand at AUD2.6 billion in 2018.

Read more: Private Equity Wire