Sidley Austin

The ‘very responsive and technically competent’ team at Sidley Austin has proactively kept abreast of fluctuating market conditions, successfully adapting and modifying its approach to best-suit its GP-focused client base. While fund raisings for private equity buyout funds have suffered somewhat of a hit due to economic headwinds, the firm has been front and centre in offering tangible solutions to GPs, whether it be in the form of establishing continuation funds, spin-off deals, as well as helping to restructure existing portfolios. The team has also, for example, been involved in an increasing number of credit fund mandates, a reflection of higher interest and tightening bank regulation. The ’outstanding’ David Lee has been integral to many of the strategic solutions for GP clients where he is effectively able to combine fund structuring and M&A expertise, for example, in the context of a manager spin-off.