July 15, 2024
Weil advised the direct lending financing sources to finance Vitruvian Partners growth investment in Aduro Advisors, a Denver-based fund administrator to venture capital and private equity firms. Aduro’s leadership team and existing shareholder PPC Enterprises will retain a significant investment in Aduro going forward. Aduro currently has more than $120 billion of assets under administration. Financial terms of the transaction were not disclosed.
The Weil deal team was led by Banking & Finance partner Justin Lee and included Banking & Finance counsel Evan Nichols and associates Hye-Jin Kim and Tess Savage, and Tax associate Madeline Joerg, as well as Executive Compensation & Benefits partner Sarah Downie and associate Rebekah French.