Fenwick Represents CoreWeave in $650 Million Secondary Sale

Fenwick represented CoreWeave, a specialized GPU cloud provider powering the next wave of AI, in a minority investment of $650 million led by Jane Street, Magnetar, Fidelity Management & Research Company and entities administered by Macquarie Capital, with participation from Cisco Investments, Pure Storage, funds and accounts managed BlackRock, Coatue, Neuberger Berman and others.

This latest funding will support CoreWeave in its mission to define and deliver the next generation of cloud computing. More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners Michael Brown, Ran Ben-Tzur and Jennifer Hitchcock and associates Chance Goldberg, Arielle Trapp, Anja Kong, Meg Moloney, Liz Malmen and Jing Liu; executive compensation and employee benefits partner Nancy Chen and associate Jonathan Stephenson; regulatory partner Mark Ostrau and associate Jason Gindi; and tax partner William Skinner and associate Aaron Liskov.