In the Press
February 22, 2023

Fund Formation Group Of The Year: Goodwin (Law360)

Goodwin fundraised $25 billion for longtime client Advent International in one of several billion-dollar deals this year, earning the firm a spot among Law360's 2022 Fund Formation Groups of the Year. Goodwin lawyers advised Advent on its 10th and largest-ever fundraise, bringing the private equity firm's total assets under management to more than $100 billion. Advent is one of the firm's largest clients, Mandee Gruen, co-chair of the Private Investment Funds team, told Law360. "We raised $25 billion for their 10th global private equity fund, which I understand, at least at the time, was considered the second biggest fundraise on record," Gruen said. Intermediate Capital Group was also represented by the private investment funds team when it structured and raised €8.1 billion for its eighth European Corporate fund. The fundraise, which closed in August, was an important achievement for Goodwin's European side, said Michael Halford, co-chair of the global Private Investment Funds team.