ADVERTISEMENT ADVERTISEMENT Paul Weiss-Advised PE Shop Clinches Funds Totaling $3.75B Law360 (April 6, 2021, 12:00 PM EDT) -- Communications sector-focused private equity firm Grain Management LLC, represented by Paul Weiss Rifkind Wharton & Garrison LLP, has raised a total of $3.75 billion across two funds with plans to target investment opportunities in areas including broadband and 5G networks, the firm said Tuesday. The Washington, D.C.-based firm's third flagship investment vehicle, Grain Communications Opportunity Fund III LP, closed after amassing $2.25 billion from limited partners after surpassing its original $1.5 billion target, the firm said in a statement. The other fund, billed as Grain Spectrum Holdings III LP, closed above its $1 billion goal, notching $1.5 billion. It will focus...