Dorsey advised Yukon Partners Management, L.L.C. (“Yukon”) in the formation, fundraising, and closing of Yukon Capital Partners V, L.P., and its associated parallel funds (collectively “Fund V”), which held its final close with total commitments of $765.2 million. Fund V was oversubscribed, exceeding its $700.0 million target and closed at its hard cap.  

“On behalf of the entire Dorsey team, it was a privilege serving as legal counsel for Yukon’s successful fundraise of Fund V,” said Brad Pugh, Dorsey Partner and Co-Head of the Investment Management and Private Funds group. The Dorsey team of partners and associates was led by partners Larry Makel and Brad Pugh and included partners Stuart Chasanoff and John Chase.

Fund V will provide mezzanine capital to middle market businesses as a continuation of its strategy from prior funds, most recently Yukon Capital Partners IV, L.P., a 2020 vintage, $626.0 million fund. Investors in Fund V include domestic and international pension funds, international banking conglomerates, insurance companies, endowments, foundations, consultants, and family offices. 

Since its inception in 2008, Yukon has raised over $2.6 billion in total capital commitments across five funds. 

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