Paul, Weiss, Rifkind, Wharton & Garrison LLP

04/06/2021 | News release | Distributed by Public on 04/07/2021 09:14

Grain Management Closes Flagship and Spectrum Funds with $3.75 Billion in Total Commitments

Recognized as one of the most active and highly regarded investment management practices in the United States, our group represents all types of asset managers across the liquidity spectrum, including private equity funds, credit funds, hedge funds, venture capital funds, real estate funds, hybrid funds and family offices. We have successfully raised hundreds of billions of dollars for our clients, who benefit from our extensive market knowledge, industry-leading networking events and strong relationships with all major market participants.

Paul, Weiss advised Grain Management in the formation and fundraising of its flagship fund Grain Communications Opportunity Fund III, L.P. (GCOF III) and its spectrum-focused investment vehicle Grain Spectrum Holdings III, L.P. (GSH III). GCOF III closed with $2.25 billion in commitments, exceeding its target of $1.5 billion. GSH III closed in September 2020 with $1.5 billion in commitments, exceeding its $1 billion target.

The Paul, Weiss team included corporate partner Amran Hussein and counsel Caitlin Kelly; tax partner David Mayo and counsel Mashiho Yuasa; executive compensation partner Andrew Gaines and counsel Jacob Glazeski.

April 6, 2021

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