January 29, 2018 (Boston) – International law firm Proskauer advised Silversmith Capital Partners in the closing of its oversubscribed second fund, Silversmith Capital Partners II, L.P. at its target and hard cap of $670 million in commitments. The fund’s strategy is aligned with the strategy of its predecessor fund, on which Proskauer also advised, that focused on two core areas: software-as-a-service and information services and health care information technology and services.
Silversmith Capital Partners is a Boston-based growth equity firm with $1.1 billion of capital under management. Its mission is to partner with and support entrepreneurs in growing, profitable technology and health care companies.
The Proskauer team was led by partners Robin Painter and Matthew McBride, and included associates Brian Schwartz, Ryan Carpenter and Robert Linnoila (Private Investment Funds); partner Scott Jones and associates Stephen Severo, Brandon Short and Rachel Tritter (Tax) and senior counsel Adam Scoll (ERISA).
Proskauer offers a full suite of services for the investment management industry, with a market-leading global team dedicated solely to advising asset managers, investment funds and their advisers, financial institutions and institutional investors across the asset class. The cross border team of over 130 lawyers is based in the U.S., UK, Asia and Latin America and includes specialists in tax, ERISA, regulation, financial services, employment, insurance, fund finance, litigation and risk management who understand the unique technical and commercial issues relevant to investment managers.