North America - United States • Investment fund formation and management

Simpson Thacher & Bartlett LLP

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Simpson Thacher & Bartlett LLP is reputed for its strength in real estate funds and on managing secondaries transactions. The team is well versed in private equity fund raises, co-invest vehicles and on establishing separately managed accounts for high profile sponsors and asset managers, with notable names including Blackstone, The Carlyle Group and Oaktree Capital Management. Practice head Michael Wolitzer advises well known private equity funds sponsors and private investment funds across diverse asset classes and sits in New York. Further strengthening the New York office are preeminent corporate and private funds partner Barrie Covit, Jonathan Karen, who is well versed with infrastructure and real estate funds and secondaries transaction expert Lauren King. Los Angeles based Thomas Wuchenich advises on high-value fund formations and on strategic fund transactions, and is supported by John Kreager and Matthew Kemp, both of whom made partner in January 2024, while in New York Sage Hughes and Jessica O’Connell were made partner in January the previous year.

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Work highlights

  • Representing Blackstone in the establishment of its $30.4 billion tenth global opportunistic real estate fund - Blackstone Real Estate Partners X.
  • Representing Blackstone Strategic Partners in the establishment of the $22.2 billion Strategic Partners IX and, concurrently, the $2.7 billion Strategic Partners GP Solutions.
  • Representing Integrum Capital Partners in its $1.1 billion inaugural fund; and representation of American Industrial Partners in its $5 billion eighth private equity fund.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Barrie Covit

Barrie Covit

Hall of fameSimpson Thacher & Bartlett LLP

Focuses on alternative asset management. Has represented some of the largest and best known sponsors of private equity funds including Carlyle, KKR, BlackRock, J.C. Flowers, Lexington Partners and Corsair Capital. He has represented sponsors of funds that focus on investments in specific asset classes—including energy, financial services and the secondary market—throughout the world, including in Western Europe, South Africa and Brazil. Mr. Covit represented the United States Treasury Department in connection with the establishment of its $30 billion Public-Private Investment Program to purchase legacy assets from financial institutions.

Michael Wolitzer

Michael Wolitzer

Hall of fameSimpson Thacher & Bartlett LLP

Head of Investment Funds Practice, focusing on private investing and other facets of "alternative asset management." Has represented some of the largest and most well-known sponsors of private investment funds, including Apax Partners, Blackstone, Centerbridge, Lexington, Patria, Silver Lake and Sixth Street. In addition to private equity funds, has represented sponsors in other alternative asset classes, including real estate, energy/infrastructure, secondaries and credit/distressed debt. Also has represented global financial institutions in the establishment of their employee investment programs; been involved in acquisitions of, and investments in, private investment firms (including minority stakes transactions); and advised buyers, sellers and sponsors with respect to disposition of private fund interests, GP-led Secondaries and other secondary private equity transactions.

Leading lawyers

Jonathan Karen

Jonathan Karen

Simpson Thacher & Bartlett LLP

Corporate Partner that has led recent efforts in some of the industry’s most successful and market-defining private equity fund formations and numerous other separate accounts, funds-of-one and similar custom arrangements across multiple asset classes, including buyout, real estate, infrastructure, secondaries and distressed and mezzanine debt. Notable formations include Blackstone’s recent flagship corporate, energy and real estate private equity funds, and Silver Lake, Stonepeak Infrastructure, Rockpoint Real Estate and Centerbridge Partners in each of their flagship and ancillary funds. Jonathan also counsels investment firms on a mix of matters involving private investment funds, including internal economic arrangements for private fund sponsors, regulatory compliance, M&A transactions and strategic investments involving private fund sponsors, joint ventures and spin-outs.

Next Generation Partners

Lauren King

Lauren King

Simpson Thacher & Bartlett LLP

Co-Head of the Fund Transactions practice, Lauren King has extensive experience advising prominent sponsors on cutting-edge transactions designed to provide liquidity to both GPs and investors. She advises on the full range of secondaries transactions, including traditional and synthetic secondaries acquisitions and dispositions, and GP-led restructurings. Lauren also counsels sponsors on the organization, structuring and operation of secondaries funds, as well as minority stakes deals. She has wide-ranging experience advising on the development and fundraising of vehicles across numerous strategies, and in connection with fund governance matters, upper-tier structuring and succession planning, marketing and limited-partner transfers. Lauren has represented a diverse group of asset managers and secondary investors, including, among others, Neuberger Berman, Blackstone Strategic Partners, Pantheon Ventures, Portfolio Advisors, HarbourVest, Serena Ventures, WeWork Capital Advisors, Hamilton Lane, Graham Partners, Coller Capital and FirstMark Ventures.

Practice head

The lawyer(s) leading their teams.

Michael Wolitzer