The Jordan Company Announces Successful Closing of $1.3 billion Continuation Fund Led by Hamilton Lane

August 23, 2021
  • SHARE

New York, NY, – August 23, 2021 –  The Jordan Company, L.P. (“TJC”) is pleased to announce the successful closing of The Resolute II Continuation Fund, L.P. (together with its related vehicles, the “Fund”). The Fund consists of over $1.3 billion in capital commitments, which funded the purchase of portfolio companies from The Resolute Fund II, L.P. (“Resolute II”), a 2007 vintage fund with approximately $3.6 billion in capital commitments, and is the first continuation fund established by TJC.

The Fund provides TJC with additional time and capital to support the continued growth of key portfolio assets, while also providing Resolute II limited partners an attractive liquidity opportunity to solidify their returns.

“With the closing of the Fund, we are thrilled to be extending our partnership with the Fund’s portfolio companies while also providing existing Resolute II limited partners optionality to receive liquidity based on their individual investment objectives,” said Rich Caputo, Chief Executive Partner of TJC. “The transaction received strong support from existing Resolute II limited partners and was oversubscribed by prospective new investors. We could not be happier with the high-quality investor base the Fund attracted,” added Kristin Custar, Partner and Head of TJC’s Global Investor Capital Group.

The Fund’s portfolio companies are representative of TJC’s long-lasting focus on investing in middle market businesses with strong cash flow conversion and operational improvement potential in fragmented markets across the firm’s four core industry verticals: Industrials; Transportation & Logistics; Healthcare & Consumer; and Technology, Telecom & Utilities.

“We believe this transaction reinforces the alignment among the Fund’s portfolio company management teams, limited partners, and TJC. We are excited to begin a new chapter in our partnership with our investors and management,” added Rich Caputo.

The transaction was led by Hamilton Lane and included a diverse group of secondary and primary investors, including Resolute II limited partners. TJC offered all existing Resolute II limited partners the opportunity to exercise a full liquidity option, a rollover option, and an option to seek to make additional capital commitments to the Fund.

M2O Private Fund Advisors served as exclusive financial advisor to TJC and Latham & Watkins served as legal counsel to TJC. Ropes & Gray served as legal counsel for Hamilton Lane.

About The Jordan Company 

TJC, founded in 1982, is a middle-market private equity firm with original capital commitments in excess of $16 billion. TJC has a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries, including Industrials; Transportation & Logistics; Healthcare & Consumer; and Telecom, Technology & Utility. The senior investment team has been investing together for over 20 years and is supported by its Operations Management Group, established in 1988 to initiate and support operational improvements in portfolio companies. Headquartered in New York, TJC also has an office in Chicago. For more information, please visit www.thejordancompany.com.

About Hamilton Lane

Hamilton Lane (NASDAQ: HLNE) is a leading private markets investment management firm providing innovative solutions to sophisticated investors around the world. Dedicated exclusively to private markets investing for 30 years, the firm currently employs approximately 475 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $757 billion in assets under management and supervision, composed of $92 billion in discretionary assets and $665 billion in advisory assets, as of June 30, 2021. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.

Source The Jordan Company, L.P.

Media Contact

Kristin Custar
The Jordan Company

Recent Content

news

Infrastructure Investor: US infra bill is ‘a big step in the right direction’ – Hamilton Lane

Beyond the $1trn in funding, the bill clarifies the federal government's role, paving the way for 'private investors … to participate', Brent Burnett, the firm’s co-head of real assets, says.

View the Media Coverage
insight

Market Trends: A Surge in Distribution Activity

Consider where the private markets were one year ago in August 2020. Q1 2020 valuations had just been published, indicating private equity funds had declined 8% in a single quarter. Investment activity and, more importantly, exit activity had dried up.

Read the Blog Post
insight

Weekly Research Briefing: Time to Migrate?

Plenty of movement going on this September. Not only are the ducks headed north, but also students in the U.S. have returned to school, (some) employees are moving back to the office, many corporations are tapping the bond and stock markets, and most football fans are wading back into their stadiums.

Read the Research Article

FPO We use cookies to improve user experience, and analyze web traffic. For those reasons, we may share your site usage with our analytics partners.

Learn More