Firm eclipses $2.0 billion of capital under management since its founding in 2015
BOSTON, September 30, 2020 - Proskauer, a leading international law firm, announced that it has acted for Silversmith Capital Partners ("Silversmith") in the closing of its third fund, Silversmith Capital Partners III, L.P. ("Fund III") at its target and hard cap of $880 million. The fund was closed in September and was significantly oversubscribed.
Silversmith received strong support from its existing investor base of leading endowments, foundations, fund of funds, and pension funds, while also adding a small number of new institutional investors. In addition, 50 CEOs, founders, and industry executives invested in the fund. The firm closed its first fund of $460 million in August 2015 and its second fund of $670 million in January of 2018.
The Proskauer team included partners Robin Painter, Matthew McBride, Brian Schwartz, associates Ryan Carpenter, Robert Linnoila and Garabed Koosherian (Private Funds), partner Scott Jones and associates Stephen Severo and Brianna Reed (Tax), and senior counsel Adam Scoll (ERISA).