Kirkland & Ellis advised Mainsail Partners, a growth equity firm that invests exclusively in bootstrapped software companies, which announced today that it reached its hard cap of $500 million for Mainsail Partners V, L.P., having raised $531 million in total, including general partner and executive fund commitments. The majority of the capital was raised from existing investors with select new investors rounding out the fund.

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The Kirkland team was led by investment funds partners John Muno, Sam Scarcello, Matt Cohen and associates Kirsten Linder and Matthew Enzweiler; and also included tax partners Daniel Meehan and Alec Campbell.