Akin Gump Advises Jasper Ridge Partners in a GP-led Secondary Transaction

(New York) –  Akin Gump has advised Jasper Ridge Partners on the successful acquisition of a slice of 26 growth portfolio companies from Goldman Sachs. Jasper Ridge Partners acted as co-lead investor in the investment, together with CPPIB, which involved a strip sale to a continuation fund and included a new stapled primary commitment. The deal was worth around $500 million in total and included additional unfunded capital to help support follow-on investments. The transaction is another market-leading transaction completed by the Jasper Ridge team.

A team from Akin Gump advised Jasper Ridge on the transaction, led by investment management partner Fadi Samman and senior counsel Krishna Skandakumar and including counsel Nick Rice and associate Brian Rafferty and tax counsel Stuart Elliot Alter.