Jackson Walker Represents Prophet Equity in Formation of $345 Million Private Equity Fund

June 17, 2014 | Client Results

Jackson Walker successfully represented Prophet Equity, a Southlake, Texas-based private equity firm, in connection with the formation and fundraising activities for its second fund, Prophet Equity II LP.

Prophet Equity debuted in 2008 with a $271 million fund, and held an initial closing for Fund II on March 21, 2014, having raised $255.6 million of a targeted $345 million in under seven weeks. Prophet Equity completed capital raising for Fund II on May 30, 2014, having raised all of the targeted $345 million.

The Jackson Walker team was led by Kevin Jones and included Jim Griffin, Nate Smithson, and Mike Laussade. This successful representation demonstrates Jackson Walker’s experience in the areas of Capital Markets and Investment Funds, which includes representing private equity firms and publicly and privately held companies in a wide range of corporate and securities transactions.

Prophet Equity is a private equity firm that uses proven, data–driven analytical techniques coupled with over 100 years of investment and management experience. Collaborating with owners, management teams, outside advisors and leading industry experts, Prophet Equity’s principals have experience in highly complex, special situations and use an advanced strategic and operational toolkit to identify and unlock value.