Gilbert + Tobin has advised the long standing mid-market Australian private equity firm Next Capital, on the establishment of the Next Capital Fund V.
Closing at $375 million, Next Capital Fund V was oversubscribed and exceeded its initial target of $350 million. The fund focuses on lower mid-market buyout (control) opportunities.
Since 2005, Next Capital have been leading the way in equity raising for small to medium growth businesses. Operational experience combined with solid long-term partnerships with investee companies, have resulted in a strong track record of generating returns for investors.
Corporate Advisory partner Nathan Cahill led the matter for G+T, together with senior associate Alisa Chak and lawyers Logan O’Brien and Michelle Shen.
Nathan commented on the matter:
"It's fantastic to see Next Capital close out a great fund raise in a tough market and very satisfying to see some familiar top name investors, plus new investors, from both the local and global market. It was a pleasure to help the team achieve a great outcome and we are very excited to see it perform going forward."
