DLA Piper advises Five Point on continuation vehicle transaction

DLA Piper represented Five Point Infrastructure (Five Point) in the closing of a continuation vehicle transaction involving the company’s interest in San Mateo Midstream, LLC.

The structure will provide liquidity to existing limited partners in the Five Point funds, while allowing others to maintain exposure to this high-quality infrastructure investment.

“Continuation vehicles have become an increasingly important tool for sponsors seeking to provide liquidity options to their limited partners while retaining high-performing assets,” said Adam Tope, the DLA Piper Partner who led the deal team. “This transaction demonstrates the continued growth of sophisticated GP-led secondary transactions and reflects our ability to structure complex solutions that meet the strategic objectives of sponsors and investors alike.”

In addition to Tope (New York), the deal team included Partners Ilya Bubel (New York), Witold Jurewicz (Austin), and Of Counsel Adam Shane (Philadelphia).

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.