Fried, Frank, Harris, Shriver & Jacobson LLP caters to leading sponsors embarking on complex strategic fundraisings, across the full range of asset classes. The team’s strength and depth puts it at the forefront of some key market trends, including sustainability funds, SFDR and EU Taxonomy Regulation, and the retailisation of public wealth. From key strategic acquisitions to the formation and fundraising of high-value credit and infrastructure funds, Kate Downey continues to lead some of the team’s most significant transactions. Mark Mifsud is a recognised authority on the structuring and establishing of private investment funds across asset classes and secondaries. David Christmas assumes a key role in matters relating to managed accounts, carried interest and co-investment schemes, and secondary transactions. Recent standout engagements for Karen Henderson include the formation and fundraising of a perpetual, open-ended infrastructure equity fund for the firm’s key clients.
Private funds in London
Fried, Frank, Harris, Shriver & Jacobson LLP
Practice head(s):
Kate Downey; Mark Mifsud
Other key lawyers:
David Christmas; Sam Wilson; Piers Harris; Nathan McKinnon; Athena Tan; Robert MacVicar; Karen Henderson; Ethan Chionh
Testimonials
‘Mark Mifsud’s experience is second to none; he is commercial, technical and pragmatic. Karen Henderson has become a key point of contact and has run our transactions very well.’
‘The team at Fried Frank are very collaborative and work closely with us, helping to manage the different scenarios and providing the legal solutions for some of the unusual structures and ideas that we have. Everyone you work with is knowledgeable and the team works seamlessly.’
‘Mark Mifsud is incredibly knowledgeable and a great person to work with. He helps us think through the implications of the many ideas we come up with and will help to find a solution. He is always on hand and will go the extra mile to help meet some tight deadlines.’
‘Karen Henderson is very knowledgeable and a great person to work with, she will deal with the many queries and questions I have! The same goes for Ethan Chionh.’
‘FF is one of the most efficient law firms I have worked with. They are focused on providing a value-added service and not focused on inflating their billable hours.’
‘Kate Downey really is exceptional. In terms of knowledge, engagement and leadership of her team, Kate is unrivalled in the London market.’
‘Piers Harris is a very strong up-and-coming partner. Piers is dedicated and commercial.’
‘Athena Tan is a rising star in Fried’s fund formation practice, has great project management skills and is a determined negotiator.’
Key clients
APG
Arcmont Asset Management
Aztiq
Bain Capital
Balderton Capital
BlackRock
BlueBay Asset Management
Cairngorm Capital
Cambridge Innovation Capital
Castik Capital
CataCap
Cerberus Capital Management
Christofferson Robb
Corten Capital
Crescent Capital Europe
CVC Credit Partners
Danske Private Equity
FSN Capital
Goldman Sachs
Schroders Greencoat
HSBC Asset Management
Intermediate Capital Group
iCON Infrastructure
Investec Bank
Kennet Partners
Morgan Stanley
Work highlights
- Advising BlackRock on several matters including the formation and fundraising for its first perpetual, open-ended infrastructure equity fund.
- Advising Arcmont Asset Management on several matters including the final closing of its €10 billion fundraise for Direct Lending Fund IV.
- Advising on the formation and fundraising of Norvestor IX SCSp which closed at its hard cap of €1.5 billion.
Kirkland & Ellis International LLP
Kirkland & Ellis International LLP houses a market-leading fund formation practice which, in recent months, has represented and closed various funds, involving billions of dollars in capital commitments. The team’s strength and depth allow it to advise on the full spectrum of issues concerning private funds and have granted it a pre-eminent position in the secondary market. Co-chair Richard Watkins acts as relationship partner to some of the firm’s most significant clients and takes active roles in their major transactions. Fellow co-chair Christopher Braunack is regularly instructed by top sponsors to help facilitate a number of critical formations. Theodore Cardos is a prolific secondary solutions lawyer, regularly advising on multi-billion dollar transactions. Anand Damodaran advises on numerous high-profile fund formations, fundraisings, and closures; Amala Ejikeme advises global sponsors on fund formations employing a litany of investment strategies; and Andrew Shore focuses on the structuring and establishment of private funds. Head of the liquidity solutions practice, Aleksander Bakic boasts a deep understanding of secondary transactions. Amy Fox is capable in matters involving alternative asset classes, such as separate account arrangements and co-investments.
Practice head(s):
Richard Watkins; Christopher Braunack
Other key lawyers:
Catherine Gokah; Anand Damodaran; Alexander Amos; Aleksander Bakic; Theodore Cardos; Amala Ejikeme; Amy Fox; Andrew Shore; Alex Brodkin; Tarsis Goncalves; Lorenza Prelz Oltramonti; Edward Prestwich
Testimonials
‘The Kirkland & Ellis private markets team are exceptional in the field of fund formation, standing out for their knowledge of the market, strength of the team, responsiveness at all levels but in particular at the Partner level, and their collaboration to resolve issues.’
‘Responsiveness and willingness to invest in building a strong relationship is what stands out with the Kirkland & Ellis team. We have worked with Richard Watkins for many years and the trust and knowledge built in that time has ensured that we can pick up the phone at any time and deal with an issue efficiently.’
‘The team is market-leading with vast knowledge and expertise in the area. Partners and Associates are experts in client management as well as understanding and executing transaction structures. The team’s strong hold on the GP-led restructuring market across Europe is commendable, along with a strong presence in LP secondaries, fundraising, etc.’
‘We regularly work with Ted Cardos, Aleks Bakic, Tarsis Goncalves and other partners from the team. Their commercial sense of client management and deal management is unmatched. They have strong technical capabilities as well as a commercial attitude.’
‘The Kirkland team I have worked with is notable for an exceptional level of professionalism combined with very deep market and transaction knowledge. I view them as being perhaps the best-informed group in the secondary funds market regarding developments and trends in transaction terms. I view them as uniquely well-placed to advise on complex secondary transactions.’
‘I have worked extensively with Ted Cardos and Tarsis Goncalves. Both are proactive, responsive and thoughtful. I particularly value their commercial perspective on deals given a detailed understanding of the whole market. I also appreciate their ability to highlight the open issues that we really need to be worried about.’
‘Unparalleled depth and breadth within fund formation. They have a market-leading position, are involved in most high-profile fundraisings, and have access to a lot of data and experience. Very technically skilled team.’
Key clients
Actis
Apax Partners
Arrow Global
Bowmark Capital
Bridgepoint Credit
EQT
Fremman Capital
IK Partners
Inflexion Private Equity Partners
Pollen Street Capital
Preservation Capital Partners
Resolution Life
TDR Capital
Coller Capital
GHO Capital
HarbourVest
Investindustrial
LEA Partners
Oakley Capital
One Equity Partners
PAI Partners
Park Square
Triton Partners
Work highlights
- Advised Arrow Global in connection with the raising of their second credit opportunities fund.
- Advised Bridgepoint Credit on the completion of Bridgepoint Direct Lending III investable capital of €3.4 billion.
- Advised Triton Partners on its continuation fund transaction involving four portfolio companies to a newly formed vehicle.
Simpson Thacher & Bartlett LLP
Simpson Thacher & Bartlett LLP is renowned for its activity on challenging, high-value fundraisings. The firm’s enviable client list includes some of Europe’s largest private equity sponsors and private credit firms of global significance. Routinely engaged on high-profile, high-value work, practice co-founder Jason Glover recently advised on one of the largest-ever European buy-out funds, while team head Gareth Earl worked with a significant private equity firm to establish a multi-billion Euro buyout fund. Leading private sponsors regularly turn to Seema Shah for assistance with important fund formations and matters relating to secondary funds. Robert Lee is noted for his ability to act for funds covering the full range of investment strategies and alternative investment classes. James Board has amassed considerable experience acting for sponsors setting up single investor funds and managed accounts. Edward Ford strengthens the practice with his knowledge of secondaries and single-asset continuation funds. Owen Lysak regularly works with private funds and asset managers on issues concerning UK and EU financial regulatory frameworks.
Practice head(s):
Gareth Earl
Other key lawyers:
Jason Glover; Seema Shah; Robert Lee; Edward Ford; Daniel Lloyd; James Board; Owen Lysak; Stephanie Biggs; Sacha Grofton-Salmond; Beth Cowen; Vasanth Padaki; Matt Feehily; Wilson Szet
Testimonials
‘The STB team is always very reactive and perfectly organized so that the service never stops even when multiple topics are going live and all being urgent.’
‘I work with Gareth Earl, Dan Lloyd, Wilson Szet and Max Gordon. They all perfectly know what is market practice and how to solve a complex issue. They always provide us with the right advice mixing regulatory constraints and pragmatism.’
‘Deserving of their market-leading reputation. Unparalleled experience in advising large buyout funds which means they are awash with market intel. An impressive bench of partners, associates and paralegals means they can seamlessly handle multiple fundraisings. ’
‘Daniel Lloyd is an exceptional funds partner. Super responsive and client-focused. Nothing is too much trouble. He knows the market incredibly well and can provide insights that go way beyond his technical legal knowledge.
‘Market-leading insights from a brilliant, committed and responsive team. Advisers that truly add commercial value in the fundraising process.’
‘Jason Glover continues to be a beacon to the industry; he brings clients a unique blend of experience, insight, financial and legal acumen and rigour to the fundraising process.’
‘Robert Lee is very experienced and has smart insights into areas of improvement on terms and processes. A very safe pair of hands to entrust your fundraising with.’
‘Victoria Hartman is an excellent operator and project manager for fundraising. Dependable, responsive and approaching projects with energy and enthusiasm.’
Key clients
The Blackstone Group
CVC Capital
EQT
Apax
Cinven
Kohlberg Kravis Roberts & Co
Ares Management
Bridgepoint
Astorg
Coller Capital
Oakley Capital
EMH
Trill Impact
Pantheon Ventures
Triton
Work highlights
Clifford Chance LLP
Clifford Chance LLP fields a robust private fund offering which undertakes key mandates for high-profile UK, European, and global fund managers. Private equity, debt, real estate, and secondary funds all regularly fall within the team’s broad purview, and the group is particularly known for its leading infrastructure and ESG expertise, advising on a number of significant fundraisings in these spheres. Practice head Alexandra Davidson routinely advises sponsors on the establishment and structuring of private funds across a range of asset classes. Gerard Saviola‘s practice capabilities span numerous equity and credit strategies within the private equity, infrastructure, and real estate markets. Alexander Chester presides over blind pool funds, secondary transactions, GP restructurings, co-investments, and separate accounts. High-profile asset managers and sovereign wealth clients frequently call upon Lily Marcel for sustainable finance and ESG advice.
Practice head(s):
Alexandra Davidson
Other key lawyers:
Gerard Saviola; Alexander Chester; Jonathan Bray; Lily Marcel; Vishal Mashru
Testimonials
‘The breadth and the depth of knowledge across the team makes it the go-to team for the setting up of funds. The reactivity, the ability to work within the clients’ constraints is key.’
‘Jonathan Bray is superbly capable of making things happen.’
‘A first-class team led by the phenomenal Alexandra Davidson. Knowledgeable, dedicated, commercial and responsive.’
‘Alexandra Davidson is our go-to funds’ partner. Super smart, commercial and goes the extra mile. You want her in your corner.’
‘Lily Marcel is a standout partner with great commercial awareness and high-quality client service.’
‘Lily Marcel and Jonathan Bray are the two partners we work with, both of whom are outstanding and highly experienced. I trust them implicitly and value their opinion greatly.’
‘The team we work with are exceptional – extremely hands-on – we trust them implicitly.’
Key clients
Stirling Square Capital
Generation Investment Management
Apollo Asset Management
Africa Finance Corp
NATO
EQT
QIC
Octopus Renewables Infrastructure Partners
Work highlights
Debevoise & Plimpton LLP
Covering UK, European, and US tax and regulatory advice, Debevoise & Plimpton LLP‘s ‘consistent, thoughtful and timely advice‘ makes it a key choice for a diverse roster of clients. Particular focus areas are credit, venture/growth, and secondary funds. For over 20 years, Geoffrey Kittredge works with clients on private investment fund formation. The formation, management and re-organisation of private funds are hallmarks of Matthew Dickman’s busy practice, as are regulatory compliance and governance matters. John Rife assumes a central role in the group’s transactional work, including GP restructurings, tenders, portfolio transactions, and fundless sponsor transactions. Patricia Volhard strengthens the firm’s cross-border capabilities, splitting her time between London, Paris, and Frankfurt.
Practice head(s):
Geoffrey Kittredge
Other key lawyers:
Matt Dickman; John Rife; Patricia Volhard; Benjamin Amos; Nick Kagan; Tom Berry; Shawn D’Aguiar
Testimonials
‘Overall, they have exceeded expectations and delivered value for our firm and investors. Consistent, thoughtful and timely advice has enabled to grow successfully over the last eight years.’
‘Geoff Kittredge – the brains trust, commercial, deals with complex issues with ease, and has a solid team supporting him on a day-to-day basis.’
‘Richard Ward – the leader in this field, very experienced, advice that you can rely on.’
‘Patricia Volhard – a pleasure to work with and has extensive knowledge of the latest regulatory developments across all our key jurisdictions.’
‘Advice is delivered with confidence, is trusted, and is appropriately balanced. Where necessary, the team also draws upon expertise within the wider firm and, from the client’s perspective, there appears to be no internal barrier to obtaining the right advice.’
‘We have a long standing and trusted relationship with Geoff Kittridge and John Rife. Both are exceptional top-ranking lawyers who are experts in private funds legal advice and are able to find the right balance between legal and commercial advice on all matters.’
‘Matt Dickman knows his craft supremely well, delivers clear advice and also practical solutions, and is highly personable at the same time.’
Key clients
LCM Capital
Tishman Speyer
Glendower Capital
Wafra
LGT Capital
Cerberus Capital Management
Park Square Capital
Apera Asset Management
Metric Capital
FitzWalter Capital
Exponent Private Equity
LeapFrog Investments
DBAY Advisors
Igneo Infrastructure Partners
AlbaCore Capital Partners
Work highlights
- Assisted with the formation and fundraising of LCM Credit Opportunities 4.
- Advising Tishman Speyer in connection with the fundraising of Tishman Speyer European Real Estate Venture IX.
- Assisted with the formation, fundraising and final closing of Glendower Capital Secondary Opportunities Fund V.
Goodwin
‘Knowledgeable, commercial, and responsive‘, Goodwin‘s expertise spans a host of funds types, covering private equity, venture capital, real estate, infrastructure and debt. Practice head Michael Halford is particularly noted for his capabilities in PE and investment funds structuring. Other key figures include London office co-chair Ajay Pathak, noted for his private debt, VC, and infrastructure practice, and Ben Yeoh, whose focus lies more squarely in VC matters.
Practice head(s):
Michael Halford
Other key lawyers:
Ed Hall; Ravi Chopra; Ajay Pathak; Ben Yeoh; Patrick Deasey
Testimonials
‘Very knowledgeable about the private funds market and coverage across types of transactions affecting private funds. Good peer group client base ’
‘Team at partner and associate level are all knowledgeable, commercial, and responsive.’
Key clients
Abingworth
Ambienta
Antin Infrastructure
Bregal Investments
Glennmont Partners
Intermediate Capital Group (ICG)
Investcorp NLGT
Macquarie
Patron Capital
Plural VC
Work highlights
Latham & Watkins
Continuing to add noteworthy sponsors to its already impressive client list, various top-tier asset managers regularly call upon Latham & Watkins for its expertise in fund formation and product development. From closed-ended funds to permanent capital and evergreen structures, the team is capable across the entire liquidity spectrum. Nick Benson boasts more than 25 years of experience in the formation and operation of private investment funds and transactions. Mateja Maher strengthens the practices with his buy and sell-side secondaries expertise. James McCrory regularly advises on GP-led transactions, bespoke strategic partnerships, and joint venture arrangements. Adrian Grocock‘s client base includes first-time sponsors and those engaged with multi-billion dollar products, while Clare Scott‘s broad practice includes both open and closed-ended fund formations.
Other key lawyers:
Nick Benson; Mateja Maher; James McCrory; Adrian Grocock; Clare Scott
Testimonials
‘The team has exceptional market knowledge and is able to provide commercial solutions to complex and bespoke structures.’
‘Nick Benson instills a sense of calm. Nothing is too complicated, too urgent or unachievable. You know you are in safe hands with Nick.’
‘Adrian Grocock makes the firm for us. We are using Latham because of his expertise.‘
Key clients
The Carlyle Group
Searchlight Capital
The Jordan Company
Oaktree Capital
Global Infrastructure Management
I Squared Capital
SK Capital
Onex Corporation
Lindsey Goldberg
Abry Partner
StepStone
Riverstone Holdings
Pretium Partners
Ares
Garnett Station Partners
Graham Partners
Coalesce Capital Partners
Neos Partners
Work highlights
Linklaters LLP
Linklaters LLP‘s investment funds team is highly regarded for its private credit activity and strong representation of sponsors and investors. The practice continues to draw on its international capabilities to advise on global mandates and multijurisdictional transactions, handling the formation, taxation, and regulation of investment funds spanning the full range of asset classes. Matthew Keogh receives many plaudits for his work covering the retailisation of private funds. Rahul Manvatkar has helped to develop the firm’s reputation in the ESG sphere, providing key advice concerning SFDR and other fund-impacting regulations. Clare Baker oversees the firm’s investor and secondaries practice, helping cornerstone investors committing billions of dollars to numerous funds. Other key figures include Gareth Crimp, who covers the full spectrum of private equity, private credit, and real estate funds; Ben Jennings, a known name for co-investments and access funds; and Emily Simmons, who regularly engages with transactions and fundraisings in the European infrastructure debt market.
Practice head(s):
Matthew Keogh
Other key lawyers:
Rahul Manvatkar; Clare Baker; Julia Vergauwen; Amin Ebrahim; Ben Jennings; Emily Simmons; Gabriela Patrikova; Gareth Crimp
Testimonials
‘Clare Baker is hands-on and visible on all deals; knowledgeable of the market; and gets the right balance with respect to delegating to associates while supporting them but being involved in the details of the transaction.’
‘Clare Baker is a pleasure to deal with. She is very knowledgeable about the industry and provides high-level service.’
‘Standout partners are Matt Keogh and Ben Jennings. Emily Simmons is an exceptional managing associate.’
‘The team truly understand our needs and can advise effectively bringing value add and enabling the business to bridge the legal and commercial issues.’
‘Clare Baker and Olof Echt are very responsive and always provide very high-quality analysis and advice. They have an excellent knowledge of the industry.’
‘Clare Baker and Rob Phillips are outstanding. They both understand client needs and tailor their service specifically to this. They are also fun to work with, which should not be underestimated given how turgid some LPA reviews can be! ’
‘Good breadth across the private credit market, strong investor practice to drive insights across the market and trends in investor and GP. Collaboration across the globe is good, particularly with integrated practice in Singapore to support on local based investors.’
‘Very strong breadth of knowledge and great leadership by the partner group.’
Key clients
Ardian
Barings
DWS
Morgan Stanley
Partners Group
SoftBank
Cerberus
Prism Ventures
QIC
Macquarie
Work highlights
- Acting as fund counsel concerning a closed-ended infrastructure debt fund focusing on investments located in the OECD countries.
- Acted for MAM in the launch of its first fund financing fund, Macquarie Portfolio Financing Fund SCSp.
- Acting as fund counsel to Barings Perpetual European Direct Lending Fund.
Proskauer Rose LLP
Proskauer Rose LLP is noted for its work in the secondary market, with experience spanning LP portfolios, spin-offs, tender offers, fund restructurings, and other liquidity solutions. The group acts for significant buyer-side mandates as well as sellers, smaller buyers, GPs, and lenders. Nigel van Zyl extensively advises asset managers and institutional investors on the entirety of investment fund matters. Bruno Bertrand-Delfau is a leading specialist in private equity secondaries, having worked on some of the market’s most complex LP portfolios and GP-led transactions. Christopher Elson covers the fundraising and structuring of private equity, growth, venture capital, and credit funds. Aranpreet Randhawa strengthens the practice with her open and closed-ended fund capabilities across a range of asset classes. Other key figures include Lucie Rose, whose activity on high-value portfolio acquisitions makes her a well-respected figure in the secondary transactions market. James Oussedik joined the practice from Sidley Austin LLP in February 2024.
Practice head(s):
Nigel van Zyl; Bruno Bertrand-Delfau
Other key lawyers:
Peter Olds; Warren Allan; Edward Lee; James Oussedik; Sean Spence; Aranpreet Randhawa; Christopher Elson; Jordan Hurwitz; Nick Rose; Lucie Rose; Ian Ferguson; Duncan Evans
Testimonials
‘Leading global funds practice with a broad range of skills and experience in key markets.’
‘Warren Allan is an outstanding adviser on fund structuring and complex primary and secondary deals.’
‘We work with an exceptional funds team at Proskauer. They do a fantastic job of delivering high-quality and highly commercially-focused advice, adding enormous value to every fund.’
‘They distinguish themselves from others in the industry thanks to their knowledge, their experience, their in-house specialists, their ability to propose tailor-made solutions, their business-oriented mindset, and their problem solving capacity.’
‘Bruno Bertrand-Delfau is one of the best and most talented lawyers I have worked with in my career. He’s able to catch up very quickly on all topics and to provide solutions very quickly. He can see the big picture and doesn���t waste either his or our time on insignificant details.’
‘Very knowledgable in secondary private equity transactions. Have been working with many of the individuals for many years. Very commercially minded.’
‘Bruno Bertrand-Delfau is a hugely experienced counsel that has been working with us for over a decade. Jordan Hurwitz is also a very experienced counsel that has worked with us on many transactions.’
‘Nicholas Rose and Lucy Rose are standouts in the team.’
Key clients
Hg
Fidelio Capital
A.P Moller Capital
Moonfire Ventures
Patria Investments
Tenzing Private Equity
Ardian
Bencis
AnaCap
Quilvest Capital Partners
Unigestion
Work highlights
- Advised global tech-focused investor Hg on three major multi-billion dollar fundraisings.
- Acting for Ardian as primary secondary counsel on numerous secondary transactions.
- Advising Patria Investments concerning the fundraising and formation of its Infrastructure V fund.
Weil, Gotshal & Manges (London) LLP
Primary fundraises, fund platform extensions, GP-led secondaries, and strategic M&A are all regular workstreams for Weil, Gotshal & Manges (London) LLP‘s transatlantic private funds group. The team is active in the infrastructure space, advising on various several flagship fundraises totalling billions of dollars. Ed Gander is a ‘very impressive funds lawyer’ with over 25 years of fundraising experience and a stellar market reputation. Adept with numerous investment strategies, James Sargent supports clients with the establishment and operational aspects of private investment funds, managed accounts, and co-investment platforms. A key contact for some of the firm's most significant clients, James Bromley is renowned for his ‘commercial acumen, diligence and thoughtful approach’. Jacquelyn Volpe supports fund sponsors and institutional investors in the private equity, infrastructure, and real estate sectors.
Practice head(s):
Ed Gander
Other key lawyers:
James Sargent; James Bromley; Stephen Fox; Marc Schubert; Jacquelyn Volpe; Peter Boulle; Marloes Zaman; Hannah Laurie; Daniella Abel; Ed Miles; Antonia Mullinger; Nick Roxburgh; Peter Boulle
Testimonials
‘The team is always very responsive, drawing expertise within the organisation, and putting thought into business solutions. Every member of the team is very knowledgeable with a high level of quality work.’
‘I would particularly like to mention James Bromley. He is always accessible, dedicating time and engaging the right resources to find solutions. Peter Boulle, comes back always on time with very thorough responses and has exhausted all aspects and Alistair Green’s drafting is always perfect, concise and having grasped the commercial aspects.’
‘Agile and innovative in their thinking. Highly responsive and operates across a broad range of asset classes that cut across private funds.’
‘James Bromley is an exceptional talent to work with. His commercial acumen, diligence and thoughtful approach paired with his relationship management skills with clients and other third parties are excellent. Solution-orientated and always very up to speed on the latest market changes.’
‘Great depth and strength of bench. Very knowledgeable about the market but also able to provide practical solutions.’
‘James Sargent is an exceptional partner. One of the leading fund formation lawyers in the industry. Great insight, very commercial, always available.’
‘The whole team at Weil are incredibly technically knowledgeable, always immediately responsive when any questions are raised, and more importantly, proactive so that we are well ahead of the game when we’re deep in a workstream.’
‘Ability to draw from experts in all fields of funds practice with a depth of experience of the firm that is brought to bear in recommendations and actions.’
Key clients
Actis
AshGrove
CapMan
Cheyne Capital
Generation Investment Management
Gyrus Capital
Hamburg Commercial Bank
InfraRed
Just Climate
Lazard
Oakley Capital
PAI Partners
PATRIZIA
Px3 Partners
Verdane
Work highlights
- Acted as international funds counsel for PAI Partners on its latest flagship fundraise, PAI Partners VIII.
- Advised Actis concerning the development, launch and closing of the Actis Long Life Infrastructure Fund II.
- Led the fundraise for Just Climate’s first fund, Climate Assets Funds I.
Akin
As a result of its leading secondaries practice, Akin has been active in some of the market’s most significant fund restructurings. The firm’s robust client roster reflects its strong position in the buy-side arena. Daniel Quinn is a preeminent secondaries lawyer, having acted on some of the most innovative transactions in the space. Simon Ellis leads on high-value fundraisings, receiving key instructions from buy-side and sell-side clients on secondary transactions. Chris Jeanes and Qasam Mahmood are further key members of the practice. John Daghlian recently retired from the firm.
Practice head(s):
Daniel Quinn
Other key lawyers:
Simon Ellis; Chris Jeanes; Qasam Mahmood; Benedict Watson
Testimonials
‘This practice has been excellent to work with. There is very strong collaboration across the team. The team is quick to identify potential yellow/red flags, then addresses these efficiently and effectively.’
‘Simon Ellis has been excellent to work with and stands out vs. competitors. His communication, responsiveness and understanding of a situation has helped tremendously on multiple complex legal processes.’
‘Deep and broad PE and secondary funds team. Dedicated and hardworking. Strong client focus.’
‘Have worked with Simon Ellis for many years. Very solid performance, deep knowledge of PE Fund matters. He runs his team well—very conscientious, hard-working.’
‘A ‘secondaries first’ team; they can run all parts of a secondary transaction.’
‘Qasam Mahmood is calm and perseveres to get the deal over the line. Benedict Watson will always come up with a creative solution and has the charm to overcome the most challenging and prickly counterparties.’
‘Daniel Quinn is responsive and invested. Qasam Mahmood is hardworking and commercial. Ben Watson is thoughtful, with strong attention to detail. Chris Jeanes is hardworking and thorough.’
Key clients
Adelis Equity Partners
Aliph Capital
Aliter Capital
Apollo Global Management
Coller Capital
Echo VC Partners
Everstone
Expedition Growth Capital
Glendower Capital
Government of Singapore Investment Corporation
Intermediate Capital Group
KawiSafi Ventures
Key Capital
National Trust of Scotland
Oakfield Capital Partners
Ocean Fund LP
Oriens
Quinbrook Infrastructure Partners
RIT Capital
Rubicon Partners
Stratus Group
Sunridge Partners
Turkven PE
Varsity Capital
Wren House Infrastructure Management
Work highlights
- Advised Quinbrook Infrastructure Partners on its final close of the U.K.-focused renewables impact fund.
- Advised Adelis Equity Partners on the formation of a €430m Continuation Vehicle to invest in two portfolio companies.
Ashurst
Ashurst continues to represent leading sponsors and investors across the full range of private equity funds. The team is noted for its ability to advise at any stage of private equity activity and impressive infrastructure fund practice. Practice head Nick Goddard boasts wide-ranging investment fund expertise. Piers Warburton advises on matters concerning the team’s key fund manager and investor clients, including major fundraises. Acting for both sponsors and investors, Nicola Hopkins assists with the structuring and management of various fund types and carry arrangements.
Practice head(s):
Nick Goddard
Other key lawyers:
Piers Warburton; Nicola Hopkins
Key clients
Equitix Investment Management
Intermediate Capital Group
Altor Equity Partners
Agilitas Private Equity
Axiom Equity Capital Partners
Work highlights
- Advised Altor on the formation of its €3 billion Altor Fund VI.
- Advising on the establishment of Equitix UK Electricity Storage Fund.
- Advised Axiom Equity on the formation of a multi-asset, multi-investor private equity fund.
Paul Hastings LLP
Paul Hastings LLP is a major player in the credit fund arena, acting for some of the most significant credit managers in the market. Another distinguishing factor of the firm is its well-respected risk retention practice and CLO capabilities. Diala Minott is a key name for matters concerning regulated and unregulated credit and debt funds. High-profile market players often turn to Duncan Woollard for his broad expertise on all fund-related matters. Christian Parker is a leading name in the risk retention fund space.
Practice head(s):
Diala Minott; Christian Parker; Duncan Woollard
Key clients
abrdn
Access Capital Partner
AlbaCore Capital
Alcentra
AllSpring
AltamarCAM Partners
Angelo Gordon
Apollo
Arena Investors
Ares
Arini Capital Management
Barclays Hedge Fund
Blackrock
Capital Dynamics
Cheyne Capital
Credit Suisse Asset Management
Fair Oaks
Fidelity
HSBC Asset Management
Insight Investment
Investindustrial
HSBC Asset Management
JP Morgan Asset Management
KKR
LaSalle
Lexington Partners
MacKay Shields
Mirae Asset Securities
Mizuho
Monroe Capital
Montana Capital Partners
Mosaic
Multiplicity Partners
Neuberger Berman
Newbury Partners
Ninety One
Oak Hill
Oaktree
Pemberton Asset Management
PGIM
Rothschild
Seine Capital
Sofinnova
Sona Asset Management
Stepstone
Wilshire Advisors
Work highlights
- Advised Investindustrial on the establishment and sale of a single asset continuation vehicle.
Pinsent Masons LLP
Praised for its 'depth of expertise', Pinsent Masons LLP continues to provide strong representation to investors, including on secondary transactions. In recent months, the team has handled a number of significant mandates in the agricultural and venture capital sectors. Ian Warner‘s busy practice focuses on the structuring and forming impact funds, including sustainable agriculture funds. Practice head David Young brings 20 years of experience in matters impacting asset managers and institutional investors. Oliver Crowley has a demonstrable capability with complex, multi-tiered fund structures and investment vehicles.
Practice head(s):
Ian Warner; David Young
Other key lawyers:
Oliver Crowley; Elaine MacGregor; Rebecca Clark
Testimonials
‘Pinsents have an understanding of our business which very few other law firms have. They are always coming up with ways to be more efficient and will respond to ad hoc queries regularly without adding on any fees. They are extremely good value for money considering the time they spend providing us with advice.’
‘Ian Warner, Oliver Crowley and Elaine MacGregor are very pragmatic and straightforward. They aim to close off matters efficiently, are very responsive and helpful. They delegate to more junior team members appropriately.’
‘Oliver Crowley goes above and beyond for our business. Nothing is too big or too small.’
Key clients
Accelerated Digital Ventures
Aegon Asset Management
British International Investment
Bricks Capital Limited
Coal Pension Trustees
Dalmore Capital
Environment Agency Pension Fund
Fife Pension Fund
HSBC Alternative Investments
HRL Morrison & Co
International Finance Corporation
Gresham House
LCN Capital Partners
Lothian Pension Fund
Merseyside Pension Fund
Michelin Pension Trustees
NEST
NILGOSC
Northeast Scotland Pension Fund
Thriving Investments Limited
Phoenix Life
Railpen Investments
Regenerate Asset Management
Work highlights
- Advising Gresham House on the launch of its flagship £600m SIRES fund which focuses on co-location of battery storage and renewable generation assets.
- Advising Regenerate Asset Management on the launch of the Regenerate European Sustainable Agriculture Fund.
Reed Smith LLP
Noted for its strong international network and key sector expertise, including in life sciences and technology, Reed Smith LLP frequently secures significant instructions from key players in the UK investment funds market. Brendan Gallen – praised for his ‘exceptional technical skills‘ – has extensive experience in the establishment and fundraising of funds with novel investment strategies. Matt Evans is an experienced funds lawyer who covers the operation and restructuring of private funds in the private equity, tangible asset, credit, and real estate sectors.
Practice head(s):
Brendan Gallen; Panos Katsambas
Other key lawyers:
Matt Evans; Joseph Suh
Testimonials
‘Very responsive and strong client service ethic.’
‘Brendan Gallen possesses exceptional technical skills combined with strong soft skills. He manages complexities adeptly offering solutions that balance legal intricacies with commercial considerations.’
‘Cooperation with the RS private funds team is very efficient – there is always clear communication and a good division of tasks based on expertise.’
Work highlights
Ropes & Gray LLP
Ropes & Gray routinely advises on fund structuring, marketing, negotiating, and ongoing regulatory compliance issues. The team continues to advise on significant mandates spanning a broad range of asset classes and GP/LP-led work. Tom Alabaster is a recognised authority on the structuring, marketing, and operation of international investment funds and managers. Eve Ellis bolsters the team’s fund regulatory capabilities. Anna Lawry has deep specialist knowledge of derivatives across asset classes. Emily Brown left the firm to join White & Case LLP in November 2023.
Practice head(s):
Tom Alabaster
Other key lawyers:
Chris Townsend; Dorota Maj
Testimonials
‘All you need and would want in a private funds counsel team.’
‘Chris Townsend is a super talented lawyer, technically strong, commercially wise and has great communication skills. All round nice guy.’
Key clients
3i
Aksìa Group
Alcentra
Archimed
Bain Capital Credit
Bain Capital Private Equity
Benefit Street Partners
Blackstone
Blue Earth Capital AG
CBRE
Committed Advisors
Creandum
Digital Gravity Partners
Dragoneer Investment Group
Golding Capital Partners
GCM Grosvenor
Hamilton Lane
iCapital
Incus Capital
Intermediate Capital Group
Invesco
Limerston Capital Partners
Montana Capital Partners
Nature Infrastructure Capital
Nexus Point
No Limit Capital
Pagaya Investments
Partners Group
PIMCO
Round Hill Capital
Work highlights
- Represented Aksìa Group on the establishment of its sixth private equity fund.
- Represented BlueEarth Capital on its investment in the RockPort Capital Partners III Continuation Fund.
- Advising the GCM Grosvenor – Real Estate Investments Team in building out its European Real Estate Investment Program.
A&O Shearman
A&O Shearman routinely assists high-profile institutional investors with their investments in private equity, real estate, credit, and hedge funds. The team’s private capital capabilities include the full range of investors and asset classes. Matt Huggett has advised extensively on fund establishment matters worth billions of US dollars. MaameYaa Kwafo-Akoto is skilled with single-investor mandates and co-investment arrangements across various asset classes. Dominic Von Wulffen is entrusted by financial institutions and sovereign wealth funds to advise on public and private fund investments. Nick Williams is noted for his activity concerning real estate funds and joint ventures.
Practice head(s):
Matt Huggett
Other key lawyers:
MaameYaa Kwafo-Akoto; Dominic von Wulffen; Nick Williams; Emma Danforth; Karen Boadu; Olivia Butcher; Arturas Jakubovskis
Testimonials
‘Attentive to details as well as bigger picture elements that may affect the client. This comes only with a deep understanding of who the client is and what differentiates them from others, thereby defining their needs.’
‘MaameYaa is an outstanding partner who builds relationships at the outset and fosters them throughout. She goes the extra mile to understand our needs and ensures her team always attends to them.’
‘Breadth of relevant experience, attention to detail, strength and depth of bench, flexibility that ensures engagement is specific to client’s needs, support to in-house team and general knowledge sharing.’
Key clients
Daiwa International Capital Partners
Attestor L
IG4 Capital
EFG Hermes
Investcorp
Mubadala Investment Company PJSC
Japan Industrial Partners
Innisfree
Development Bank of Japan
Work highlights
Baker McKenzie
Baker McKenzie maintains long-standing relationships with sovereign wealth clients who often act as cornerstone investors. The team is also noted for its experience with ESG and sustainable finance expertise, which is key to its offering concerning fund regulation matters. James Burdett is skilled in the formation of private equity structures, fund reviews, and due diligence. Carl Richards focuses on the employment aspects of substantial financial transactions. Mark Simpson helps clients to navigate challenging financial regulatory regimes.
Practice head(s):
James Burdett
Other key lawyers:
Carl Richards; Mark Simpson; Caitlin McErlane; James Heller; Matthew Legg; Ali Bouhrara; Matthew Gamble; George Ewen
Testimonials
‘James Burdett is always on hand to offfer quality advice and insight.’
‘Good quality of work, reputation, and responsiveness.’
Key clients
Al Shaqia United General Trading
Allianz Capital Partners
Afreximbank
Arcus Infrastructure Partners
ARCH Emerging Markets Partners
Chatham Financial
Equinix
Government Pension Fund of Thailand
Government of Singapore Investment Corporation
Iliad Partners Management
Montecito Equity Partners
Sera Global
The Olayan Group
The Sovereign Fund of Egypt
The Townsend Group
Triton Partners, Bregal Capital, Tikehau Capital, L-GAM Advisors and Alta Advisors
Zenzic Capital
Work highlights
- Advising Olayan Group on an ongoing basis on a wide variety of fund investments, co-investments and direct investments.
- Advised Aldar Properties, an Abu Dhabi-based real estate developer, investor and manager, on its USD 400m investment.
Dechert LLP
Dechert LLP‘s breadth is evidenced by its activity across the full range of fund sizes and asset classes, including private credit and real estate. Gus Black regularly receives instructions from significant asset managers in the private equity and credit sphere. Christopher Gardner‘s ability in offshore jurisdictions attracts a host of sponsors and investors from the Middle East, North Africa, and North America. Sam Kay joined the practice from Travers Smith LLP in July 2023, while Thiha Tun moved to Goodwin.
Practice head(s):
Gus Black
Other key lawyers:
Christopher Gardner; Sam Kay; Claire Bentley; Marianna Tothova; Nathalie Sadler; Matthew Duxbury; Alison Couchman
Testimonials
‘Highly commercial and innovative team always willing to think broadly to get the best possible outcome.’
‘All super smart and engaged in providing a great service.’
‘Chris Gardner is very commercial, has taken the time to really understand our business and is very responsive. I really appreciate his clear and practical advice, the fact that he is just as responsive and willing to help with small ad hoc issues.’
‘Dechert’s private funds department seems really well backed by technology, conferences and talks. The team is large so seems to encompass a lot of different specialities resulting in some great in-depth knowledge of relevant structures and market practice. ’
‘Sam Kay stands out as very responsive, intelligent, proactive and cheerful on all occasions. We find him a pleasure to deal with.’
‘The team are some of the best in the business. They bring a great mix of technical expertise and commercial solutions-focused support to their clients. ’
‘Sam Kay is an excellent lawyer and partner to our business. He is very knowledgeable, combining excellent technical skills with a very commercial and pragmatic approach. When Sam changed firms we moved with him.’
Key clients
Abrdn Private Equity
Abris Capital Partners
AGC Equity Partners
Amber Capital
Apollo Global Management
Barings
Blixt Group
Cibus Capital
Columna Capital
Graham Partners
Hermes GPE
Medicxi
Melior Equity Partners
Pemberton Capital Advisors
RenaissanceRe Fund Management
StepStone Group
13Books
Warburg-Serres Investments
Work highlights
- Advised Cibus Capital on the combined fundraising and closing of two agriculture and food-chain-focused private equity funds.
- Advised 13Books Capital on the fundraising and closing of a fintech-focused venture fund.
- Advised Maguar Capital on the establishment of a continuation fund.
DLA Piper
DLA Piper has developed its capabilities with GP-led funds and the wider venture capital sector. This specialist knowledge has attracted leading private equity and venture capital clients requesting assistance with multijurisdictional fundraisings. Jonathan Powling advises on a number of billion-pound joint ventures and acquisitions, while Stuart Murdoch is regularly tasked with matters concerning financial and ESG regulation. James O’Donnell - who also serves as practice head - is a recognised authority on investor representation.
Practice head(s):
James O’Donnell
Other key lawyers:
Jonathan Powling; Stuart Murdoch; Michael Graham; Dhaksha Giga
Testimonials
‘We have worked with DLA Piper on several investments into private funds over the past few years they have always been exceptional – they take time to understand our strategic objectives and red lines and work collaboratively with us to deliver them. ’
‘The team is always highly responsive, proactive on issues and pragmatic on points that are less relevant to our strategic ambitions. He takes the time to understand the commercial objectives upfront, meaning he and the team are strongly aligned with our position and ultimately more efficient in negotiations.’
‘In-depth knowledge of LP representation, and specifically representing development finance institutions.’
‘James O’Donnell is an excellent technical adviser who is able to find innovative solutions to complex matters.’
‘Great strength in depth, friendly and approachable team, very knowledgeable.’
‘Team of bright and diverse individuals. Very responsive. Sam Whittaker is excellent.’
‘Sam Whittaker is a diamond of the firm: genuinely caring about the business of the client, creative and proactive, thinking with a high degree of the commercial rationale and substance.’
Work highlights
Hogan Lovells International LLP
Hogan Lovells International LLP is highly regarded for its infrastructure expertise, particularly regarding concessionary infrastructure and PFI/PPP assets. The group maintains relationships with preeminent institutional investors, leading on some of their most critical fund transactions. Nicholas Holman is a versatile funds lawyer able to advise on private equity, infrastructure, real estate, credit, and secondary funds. Erik Jamieson frequently works on matters important to the group’s institutional investor clients. Jeremy Pickles specialises in closed-ended alternative asset funds.
Practice head(s):
Nicholas Holman
Other key lawyers:
Erik Jamieson; Jeremy Pickles; Amelia Stawpert
Testimonials
‘Great team; proactive and diligent from partner to associate.’
‘Nick was great to work with, bringing significant knowledge of fund structuring and applying it in a manner that directly addressed our commercial needs.’
‘Nicholas Holman is a trusted adviser to the firm. His advice is always high quality and commercial. He is extremely responsive and a pleasure to deal with.’
‘The private funds team at Hogan Lovells provides exceptional support for our portfolio of private funds investments. The service we receive is excellent in terms of the responsiveness, quality and value-for-money. The team offers a valuable blend of experience, technical knowledge and friendliness.’
‘Nicholas Holman is a great ambassador for the team and for the firm in general, always making himself available to assist and offering his valuable insights and guidance on complex fund-related matters. We feel as though we are treated as a priority client.’
‘Nicholas Holman is one of the best lawyers I have met in my fund management career. Very knowledgeable and were able to address different challenges in a most efficient and cost effective way.’
Key clients
abrdn
Infracapital
British Business Bank
FMO
Irish National Treasury Management Agency
Pantheon Ventures
Eurazeo
Committed Advisors
Black Seed
Peel Hunt
Columbia Threadneedle Investments
Work highlights
- Advised abrdn Investcorp on the final closing of its Gulf region infrastructure fund.
- Advised UBS on the establishment of its SDG Outcomes Fund.
- Advised NTMA on the establishment of a UK-domiciled co-investment fund alongside Molten Ventures.
Addleshaw Goddard
Fund formations and investments are both mainstays of Addleshaw Goddard‘s private funds team, while particular recent areas of focus include mid-market GPs and new market entrants. The team is headed up by Jan Grüter, who is highly regarded for his sustainability and impact-focused fund work. Ben Cocoracchio joined the practice from Osborne Clarke LLP in September 2023, bringing distinct venture capital expertise.
Practice head(s):
Daniel Woolston; Jan Gruter
Other key lawyers:
Ben Cocoracchio; Jagdip Gujral; Aidan McConville
Testimonials
‘A well-resourced team with a depth of experience in fund formation. The team members are a pleasure to work with and always efficient and commercially-minded.’
‘Jan Gruter and Aidan McConville are experts in their field, and a deliver client-focused commercial advice that’s also informed by a depth of knowledge about regulatory considerations.’
‘The combination of useful experience in fund formation and operation, well-coordinated work and multidisciplinary approach leads to amazing results within even very tight deadlines.’
‘Personal and flexible approach as well as excellent technical knowledge is what the individuals with whom we work at AG bring to the table.’
‘Jagdip Gujral and Aidan McConville are both outstanding lawyers with diverse legal knowledge. Clear communication style and meticulous attention to detail. Both have a great ability to foster meaningful client relationships.’
‘Jan Gruter has launched the Addleshaw Goddard Funds Practice, working well with other teams such as fund finance, which is very relevant to our asset management business. Facilitating us using one firm to advise on financing and funds.’
‘Jan Gruter is a very knowledgeable and helpful partner who has set up the Addleshaw Goddard Funds Practice. Jan has particularly good knowledge of Luxembourg fund structures. ’
‘Excellent people. Technically astute, commercial and genuine. Magic Circle quality at much better rates with client-friendly pricing. Service feels tailored to our organisation not part of a conveyor belt.’
Key clients
NorthSky Capital
Crestline Investors
Gulf Capital
GP Bullhound
Monica Motivates
Cordiant Capital
Royal London
Phoenix Equity Partners
YFM Private Equity
Hakluyt Capital
New Forests
Agathos Management
PropertyShare
Bluefield Partners
Gravis
Bridges Fund Management
Warrington Borough Council
Par Equity
British International Investment
NBS Ventures
Pension Protection Fund
AS Equity Partners
Northtree Investment Management
Work highlights
- Advised YFM Private Equity on the raise of their largest buyout fund to date.
- Advised Hakluyt Capital on the successful final close of its first fund investing in technology space.
- Advised Royal London Asset Management on its joint venture with South Yorkshire Pension Authority.
Cadwalader, Wickersham & Taft LLP
Cadwalader, Wickersham & Taft LLP provides key advice to sponsors and asset managers regarding complex fund structures and secondary fundraisings. Experienced with the full range of asset classes, the team boasts noteworthy knowledge of private credit, in particular. Michael Newell frequently helps clients establish or reorganise investment vehicles in the real assets and credit funds sphere. Clients from the real estate, renewables, and infrastructure sectors regularly instruct Jack Kelly concerning the structuring and formation of investment funds.
Practice head(s):
Michael Newell
Other key lawyers:
Jack Kelly
Testimonials
‘Excellent knowledge on hand to the funds’ team, covering multiple disciplines and jurisdictions and developments in these markets.’
‘My company hires lawyers from all around the world to handle its investments and Jack Kelly is the best lawyer with whom I have had the chance to work in the last few years.’
‘Relationship is with Mike Newell and Jack Kelly. Jack misses little and manages work very steadily. Mike is a trustworthy authority on all items we’ve ever raised.’
‘It is so comfortable working with this team. Everything is taken care of, they always go the extra mile to provide a perfect service. They know what they are doing. They are fully trustworthy. Collaboration is smooth and, I would even say, truly enjoyable.’
Key clients
Aeon Investments
Alpha Real Capital
Ardian Investments
AXA Investment Managers Paris
Beka Credit
Development Bank of Latin America and the Caribbean
Threadmark Partners
Constantine Group
Consensus Power Trading
CN Investment Division
Work highlights
- Advised the Development Bank of Latin America on its cornerstone investment in Vinci Climate Change Fun.
- Advised a French development finance institution on its USD $35m cornerstone investment in Quadria Capital Fund III.
- Advised a consortium of European development finance institutions on their joint cornerstone investment in a growth fund.
Eversheds Sutherland (International) LLP
LTAF structures and ESG funds regulations, such as SFDR, are fuelling growing levels of funds activity for Eversheds Sutherland (International) LLP. Sarah Burnside has specialist knowledge of closed-ended funds and ESG regulation. Richard Batchelor is experienced in the establishment and reconstruction of investment funds. Recent months have seen Stefanie Sahla-Jones lead on multiple high-profile fund launches.
Practice head(s):
Michaela Walker
Other key lawyers:
Sarah Burnside; Richard Batchelor; Stefanie Sahla-Jones; Jamie Dunlop; Camilla Spielman; Grace Li; Liz Kwok
Testimonials
‘As elementary as it may sound, when I speak to Eversheds, I always feel like I am talking to individuals that know what they are talking about. Often, legal advice can be complex and one can feel that the solicitor they are dealing with is not sure on the matter themselves. I never have this with Eversheds.’
‘I have always been impressed with the quick response times from Eversheds. All the way to partner level, responses are almost always received on the same day. Moreover, Eversheds are quick to action work.’
‘Impressed by the quality of their communication and work.’
‘Pragmatic and responsive, commercial advice and relationship focused.’
‘The team brings great knowledge surrounding our fund range, investment style and the expectations we have when entering new agreements.’
‘Exceptionally understanding and accommodating of the constraints and stakeholder management issues facing public sector clients; pragmatic and highly commercial when conducting fund documentation reviews.’
‘Richard Batchelor and Liz Kwok are an outstanding team; their enthusiasm for getting to grips with an extremely complex and nuanced restructuring was outstanding, as was their speed in producing thorough, concise and practical briefings which were readily accessible by non-specialist audiences.’
Key clients
Legal & General Investment Management
NextEnergy Capital
Columbia Threadneedle
Schroders Capital
Russell Investments
Aviva
HSBC
Rhize Capital
TPT Investment Management
South Yorkshire Pension Fund
Work highlights
- Advised on the launch of NextEnergy’s fifth and largest private fund.
- Advised on the structuring and establishment of the Russell Investments WPP Global Private Credit LP.
- Advised a UK insurer on the structure and launch of its £800m private funds platform with a major US manager.
Herbert Smith Freehills LLP
Praised by one client for its 'high energy, high quality and attention to detail', Herbert Smith Freehills LLP is especially noted for its energy sector focus, as well as its capabilities regarding secondary funds. Key names to note include Stephen Newby, an investment fund specialist regarded for his 'expertise combined with a solid work ethic.' Krishna Shorewala - 'calm and thoughtful' - is also recomended.
Practice head(s):
Stephen Newby
Other key lawyers:
Krishna Shorewala
Testimonials
‘The team have experience advising on social impact investments and understands the collaborative approach that investors in the social investment sector take. The team can bring their considerable knowledge and experience of what is market practice in more “mainstream” commercial sectors to complement that approach. Their advice is commercially focused and they will bring in colleagues from other departments across the firm when needed.’
‘Stephen Newby is very responsive and reflects our value of working in partnership with the fund managers we invest with. He is quick to share alternative suggestions or flag issues we might not have thought about even at the RFP stage when he might not be instructed on the particular matter.’
‘Krishna Shorewala is calm and thoughtful. He is focused on the detail while still being commercial and pragmatic.’
‘Proactive, high energy, high quality and attention to detail. Confident in their quality and delivery. Commercial and very likeable too. Client focus and teamwork.’
‘Stephen Newby is a standout. Great at his work. His expertise combined with a solid work ethic, with a sharp client focus. High-quality character, likeable and commercial.’
‘Sage advisers and solution providers.’
Work highlights
K&L Gates LLP
K&L Gates LLP is noted for its private equity and venture capital focus, assisting clients with discretionary funds and co-investment structures. Daniel Greenaway regularly presides over fund launches across private equity, venture capital, credit, and real estate. Giles Bavister strengthens the practice with his understanding of complex tax arrangements. Philip Morgan provides key regulatory advice to private funds and their sponsors.
Practice head(s):
Daniel Greenaway
Other key lawyers:
Giles Bavister; Philip Morgan; Laura Price
Testimonials
‘Highly technical approach underpinned by client service excellence and delivery.’
‘Very strong technical skills and understanding of all aspects of fund formation including innovative methods of structuring.’
‘A true business partner. Very knowledgeable and pragmatic regarding the clients’ needs.’
‘Daniel Greenaway is an exceptional lawyer.’
‘Daniel Greenaway and Laura Price went above and beyond to help us get to closing in a very tight timeframe. Their technical expertise and deep experience were a tremendous asset and as a bonus they were always great to deal with and very responsive.’
Key clients
TriSpan
Future Business Partnership
Flywheel Partners
Astarte Capital
Inspirit Capital
W23
Argo Real Estate
Work highlights
- Advising TriSpan on a series of co-investment funds.
- Advising W23, a global grocery retail venture capital fund.
Morgan, Lewis & Bockius UK LLP
Leading financial institutions regularly call upon Morgan, Lewis & Bockius UK LLP when acting as sponsors, investors, and co-investors. Simon Currie has over 30 years of experience in the asset management sector and on the formation, management, and regulation of private funds. Robert Mailer helps clients looking to invest in burgeoning technologies. Oliver Rochman has deep knowledge of impact funds. Robert Goldbaum is active on M&As, spinouts, and minority investments.
Practice head(s):
Simon Currie
Other key lawyers:
Robert Mailer; Oliver Rochman; Robert Goldbaum; Tayne Rankine
Testimonials
‘Personable team with deep expertise in VC fund formation.’
‘Oliver Rochman is stellar and one of the best in his field.’
‘The team has exceptional industry experience, having worked with numerous clients on all sides of transactions. They were extremely responsive for our fast-paced deadlines and struck a perfect balance between their legal knowledge and commercial pragmatism.’
‘We have worked with Oliver for many years in this area and he is our lead partner. He has exceptional industry experience and is a master of the legal framework for private funds. He is careful to balance his input to manage costs but gives maximum impact where required.’
‘Oliver Rochman is among the best listeners and strategic execution specialists I have ever met. Tying that to exceptional subject matter expertise and an inherent curiosity means that Oliver is an ideal legal partner.’
‘Tayne Rankine has great knowledge and understanding of the market and private funds industry. A pragmatic approach where a trade-off between legal and commercial interests is needed. Ability to handle several files concurrently and, while she is a partner, remains involved in the day-to-day. ’
‘Rob Mailer leads from the front and makes himself available on short notice.’
Key clients
Pantheon Ventures
JP Morgan Asset Managemen
GCM Grosvenor Capital Management
Ada Ventures
Air Street Capital
Oxx Ltd
Seedcamp Investment Management
Connect Ventures
Work highlights
- Advised Pantheon on the launch of Pantheon Global Infrastructure Fund IV and associated vehicles.
- Represent JP Morgan’s Private Equity Group in connection with commingled fund investments and co-investments.
- Advised Air Street Capital on the launch of Air Street Fund II which focuses solely on backing artificial intelligence companies.
Osborne Clarke LLP
Fund launches, fundraisings, and LP investments continue to be a key source of work for Osborne Clarke LLP. Key names to note include Helen Parsonage, known for work concerning venture capital funds; George Skinner is key to the firm’s formation of venture capital funds; and Lizette Hunter provides a key understanding of regulatory issues impacting fund managers and investors.
Practice head(s):
Helen Parsonage
Other key lawyers:
George Skinner; Lizette Hunter; Nick Kristensen; Simon Thomas
Testimonials
‘Very commercial, very experienced, and take everything in their stride.’
‘Simon Thomas invests in the longer-term partnership with our business. Invaluable support as we grow.’
‘Helen Parsonage and Nick Kristensen were amazing in supporting us with the first close of our largest ever fund to date.’
‘They were level-headed, calm, efficient, commercial and pragmatic throughout the several months of negotiations. They took time to discuss risks and judgments and consulted relevant colleagues with experience of the BBB to identify redlines and areas of negotiation.’
‘Helen Parsonage – very knowledgeable on VC space and fund formation. George Skinner – responsive and translates legal terms to commercial terms very well.’
‘They do a lot of work in the UK VC funds space and so they know the market exceptionally well.’
‘Helen Parsonage is fantastic. She knows the market so well and yet is humble and softly spoken. She is diligent, responsive and conscientious.’
Key clients
Kester Capital
Illuminate Financial Management
Bridges Fund Management
Giant Ventures
Silverstripe
Salt Capital
Foresight Group
firstminute capital
Science Creates Ventures
Episode 1 Ventures
Hambro Perks Asset Management
BGV Investment Management
MMC Ventures
Cadence Equity Partners
Notion Capital
Ampyr Solar Europe
Valia Ventures
Green Angel Ventures
Cornerstone Private Equity
Work highlights
- Advised Kester Capital on its third fund focusing on lower middle market buyout investments.
- Advised Illuminate Financial Management on its third fund focusing on early stage investments in capital markets fintech.
- Advised Bridges Fund Management Limited on the launch of Bridges Sustainable Growth Fund V.
Schulte Roth & Zabel International LLP
In recent months, Schulte Roth & Zabel International LLP has handled a steady stream of work concerning credit and special opportunity funds. The group has specialist knowledge of cryptocurrency and blockchain funds, as well as venture capital funds. Josh Dambacher provides his clients with strategic regulatory compliance and reorganisation advice. Closed-end credit and distressed credit funds both fall under Christopher Hilditch‘s purview. Jim McNally advises extensively on fundraising and regulatory matters.
Practice head(s):
Josh Dambacher; Christopher Hilditch
Other key lawyers:
Jim McNally; Drew Miller; Bhavisha Khira
Testimonials
‘Very responsive and technically very good.’
‘Jim McNally has been very good at drafting corporate documents/restructuring projects.’
‘Chris Hilditch is very responsive and will deal with queries quickly and helpfully.’
Key clients
Fidera Vecta
Flight Story Ventures
Gatemore Capital Management
Ironshield Capital Management
Kingsway Capital Partners
Marshall Wace
Orchard Global Asset Management
Securis Investment Partners
Vor Capital
Work highlights
- Advised Flight Story Ventures on the formation and structuring of its flagship venture capital fund.
- Assisted Kingsway with its closed-ended series of funds, investing in digital assets.
- Advised Orchard on the formation of a closed-ended credit fund.
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Skadden, Arps, Slate, Meagher & Flom (UK) LLP continues to act for sponsor and investor clients on complex and innovative mandates, covering the formation, structuring, and operational aspects of funds. The team is also capable in GP-led secondary transactions, including continuation funds. Greg Norman has helped to develop the practice’s ESG offering by providing critical regulatory advice to his clients. Delphine Jaugey is noted for her substantial experience with LP and GP-led secondary transactions and liquidity solutions.
Practice head(s):
Greg Norman
Other key lawyers:
Delphine Jaugey
Key clients
B-Flexion
Systematic Management AB
Rithm Capital Corp
Crosstree Partners
A sovereign wealth fund
Jane Street Capital
Banco Inbursa S.A.
I Squared Capital Advisors
Pinnacle Pet Group
BlackRock
Citigroup
Rotcan Holdings
Work highlights
- Advised B-Flexion Fund Management and Kedge Capital Fund Management on the sale of a portfolio of secondary interests.
- Advising Systematic Management in connection with its new fundraising.
- Advising Rithm Capital Corp on its $ 720m acquisition of Sculptor Capital Management.
Stephenson Harwood
Stephenson Harwood houses a well-respected secondaries team which acts for multiple significant GPs and buyers on challenging transactions. Gabriel Boghossian is a preeminent secondaries lawyer who has structured and negotiated many significant deals. Sarah de Ste Croix oversees the structuring and negotiation of complex fund products in the secondaries space, while Edyta Brozyniak is noted for her venture capital and infrastructure expertise.
Practice head(s):
Gabriel Boghossian
Other key lawyers:
Sarah de Ste Croix; Edyta Brozyniak
Testimonials
‘Incredibly smart and focused team Very personable and able to identify quickly what needs to be done provide clear advice quickly always responsive excellent depth in team.’
‘Sarah de Ste Croix – simply amazing and my number one go to for GP/LP advice. She is consistently at the top of her game and a lovely person as well! Always thoughtful but tough when needed, always responsive, and creative in seeking a solution. Knows when to step in as needed with the junior team.’
‘Gabriel Boghossian is a superstar; super smart, always current, great with clients and gives very sound advice.’
‘Consistent, high-quality work.’
‘Sarah de Ste Croix is a great funds lawyer who delivers pitch perfect advice and can work to tight timescales. Gabriel Boghossian has a considerable knowledge of the field and is a trusted partner. Eric Brouwer is truly exceptional.’
‘A very friendly team who have impressive capability and sector knowledge.’
‘Individuals show a genuine desire to help, an understanding of our wider business and helpful transparency on fees. We enjoy working with all individuals.’
Key clients
Kline Hill Partners
Unigestion
Ufenau Capital Partners
Schroders Capital Management
Swiss Life Asset Managers
Intermediate Capital Group
Philippos Asset Management
Stafford Capital Partners
Five Arrows Managers SAS
Greenpeak Partners
Tesco Pension Investment Managers
Vaaka Partners Oy
RGreen Invest
Headway Capital
Houlihan Lokey
Kroll
Railway Pension Investments
Suma Capital
LifeArc
Multiplicity Partners
Gore Street Capital
Lexham Capital
Work highlights
- Counselled Ufenau on their transfer of three high-performing portfolio companies.
- Acted as fund counsel for Horizon Capital with the raising of $350m for their fourth fund Horizon Growth Capital IV.
- Advising Kline Hill Partners across its GP-led investment programme.
Travers Smith LLP
Travers Smith LLP is known for retailisation and the targeting of discretionary wealth managers and private investors, while the group’s work on secondaries is also well respected in the market. Jeremy Elmore assists asset managers with the structuring of asset management businesses, as well as LP conversions, succession planning, and spin-outs. Will Normand is key to the firm’s efforts concerning funds targeted at wealth managers and private banks. Tosin Adeyeri joined from Proskauer Rose LLP in October 2023.
Practice head(s):
Aaron Stocks
Other key lawyers:
Jeremy Elmore; Will Normand; Tosin Adeyeri
Testimonials
‘I genuinely could not be happier with the legal team at Travers. They are so responsive and always find sensible and practical solutions to any issues that come . The quality of service we have had from this law firm compared to our previous one is exponential.’
‘I really like how the junior team rotate but this never impacts on delivery which just goes to show how much they invest in their junior team members making sure they are up to speed. I would not hesitate to recommend Jeremy Elmore and Jonathan Trent as a dream team to any other Funds in the mid-market space looking for lawyers.’
‘Jonathan Trent is a superstar. I genuinely would have been lost without him during our fundraising process. He is so calm. I have never seen him get flustered or overwhelmed. I think this is a real sign of someone that has confidence because they are great at their job.’
‘Solutions oriented, great client dedication, commercial understanding.’
‘Jeremy Elmore is solutions oriented.’