DLA Piper advises Alignment Growth in closing US$360 million investment fund

DLA Piper advised Alignment Growth in the successful closing of Alignment Growth Fund I, LP, its inaugural US$360 million growth equity fund.

Led by Alex Iosilevich, Kevin Tsujihara and Jeff Bewkes, Alignment Growth will use the capital to invest in growth-stage media, entertainment and gaming companies (MEG), leveraging its team's unique operating, strategic and dealmaking expertise to drive value creation.

Since their launch in 2021, Alignment Growth has focused on investment opportunities with the latent capacity to revolutionize the MEG landscape, from disruptive platforms to creators and owners of powerful IP. Their roster of investments currently includes Fever, Crunchbase and Spyglass Media Group.

“We were pleased to advise Alignment Growth on their inaugural growth equity fund, which will provide them with the opportunity to operate as a value-add investor with an array of game-changing companies in the MEG space,” said Yoni Tuchman, the DLA Piper partner who led the fund formation team.

“DLA’s strategic insights throughout our fundraising process were invaluable,” said Alex Iosilevich, partner at Alignment Growth. “We are grateful for their partnership and dedication."

In addition to Tuchman (Los Angeles), the DLA Piper team included Aalok Virmani (Chicago), Kevin Bettsteller (Los Angeles), Scott Josephson (Chicago) and Michael Huseby (Seattle).

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.

DLA Piper's market-leading international team of media, sport and entertainment lawyers, located throughout the Americas, Asia Pacific, Europe, Africa and the Middle East, advises on M&A, finance, borrowing, investment and corporate issues, production and rights acquisitions, exploiting media rights, staging and exploiting live sports and other events, intellectual property protection and enforcement, regulatory and administrative issues, antitrust and competition law, stadium and arena development and on the resolution of disputes.