Big Law

Allegro Funds establishes $600m fund

G+T has advised an Australian private equity firm on the establishment and closing of a new fund that received approximately $600 million of capital commitments from a mix of domestic and international investors.

November 24, 2021 • By Lauren Croft

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Firm: Gilbert + Tobin (Allegro Funds).

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Deal: Gilbert + Tobin has advised Allegro Funds on the successful establishment and first closing of Allegro Fund IV, doubling capital commitments from the previous fund.

Value: $600 million approx.

Area: Equity.

Key players: The G+T team was led by investment funds partner Nathan Cahill, with support from lawyers Michael Mellon, Nick Schaefer, Alisa Chak, Logan O’Brien, and Jackson Kang.

Deal significance: Founded in Australia in 2004, Allegro is Australasia’s largest transformation and turnaround private equity firm and provides Transformational Capital – applying capital, expertise and a distinctly hands-on approach to invest in businesses and reposition them for sustained long-term growth.

Commenting on the deal, Mr Cahill said: “It has been great to work with Allegro since their inception and see them evolve into a world sought-after manager.”

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Lauren Croft

Author

Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.

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