DLA Piper advises Northrim Horizon in closing US$235 Million Fund III

DLA Piper advised Northrim Horizon (Northrim) in the successful close of Northrim Horizon Fund III, L.P. (Fund III) with US$235 million of committed capital. Raised over a period of five months, Fund III was oversubscribed with secured commitments from leading global investors, including insurance companies, endowments, fund-of-funds, and family offices.

Fund III will enable Northrim to continue its strategy of investing in leading platforms across business and consumer services, healthcare services, and software and tech-enabled services.

"We are pleased to advise Northrim on the successful closing of Fund III and to support its continued growth," said Yoni Tuchman, the DLA Piper partner who led the fund formation team. "This latest fundraise reflects its proven ability to create long-term value and the confidence investors have in its strategy and leadership. We are honored to guide Northrim as they continue their journey of excellence."

“Yoni and the team have been invaluable advisors throughout this fundraise process,” said Brad Gulbrandsen, Founder and Managing Partner of Northrim. Adding, “We’re grateful for their partnership and counsel as we continue our mission of investing in and building exceptional businesses.”

In addition to Tuchman (Los Angeles), the DLA Piper team also included tax partner Aalok Virmani (Chicago), and associates Jessica McKinney (Miami), Matt Seafield (Chicago), Connor Moldo (LA) and Reha Singh (LA).

The firm’s global investment funds team provides a dynamic, integrated service to sponsors, fund managers and institutional investors, supported by the firm’s international tax and regulatory networks. The team advises clients on the full spectrum of private investment funds, all major investment strategies and all stages of a private investment fund's life cycle.