Latham & Watkins Advises FPV Ventures in US$450 Million Debut Fund Formation

Members of the firm’s Investment Funds Practice represented the early-stage venture capital fund.

June 17, 2022

FPV Ventures (FPV) has announced the final closing of its debut venture capital fund, FPV Fund I, L.P., with aggregate commitments of US$450 million. FPV is an early-stage venture capital fund led by Wesley Chan and Pegah Ebrahimi to back and serve mission-driven founders.

Latham & Watkins LLP advised FPV in the transaction with an Investment Funds Practice team led by New York partner Matthew Chase, with associates Connor Ross and Alec Shapiro. Advice was also provided on tax matters by New York partner Gregory Hannibal, with associate Lauren Bewley, and on regulatory matters by Chicago partner Laura Ferrell, with associate Hane Kim.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.