Adrian Leipsic

Practice Areas

Adrian Leipsic’s practice focuses on the structuring, formation, and operation of private investment funds.

He has represented sponsors across a broad range of alternative asset classes, including private equity, credit, real estate, infrastructure, secondaries, fund of funds, and digital assets. Adrian’s career has included a significant focus on establishing funds with inventive and unconventional structures, including evergreen and “permanent capital” vehicles across the liquidity spectrum – such as private and public business development companies, long-dated funds, hybrid funds, and other vehicles with novel and complex features. He also advises fund sponsors in connection with negotiating “seed” investments, joint ventures, and other internal arrangements.

Adrian’s representative clients include Blackstone (BXMA), Brookfield, Strategic Partners, and TPG, among others.

Career

Adrian joined the firm in 2006 and became a partner in 2015. Within Cleary Gottlieb, he is responsible for overseeing the firm’s global well-being program. He has chaired the Well-Being Advisory Committee since its inception and has been involved in industry initiatives focused on advancing mental health within the legal profession.

Publications

Adrian is a frequent speaker on private funds matters at industry roundtables and conferences, and he regularly contributes to thought leadership in the space. His recent publications include:

“New Strategies and Structures Drive Growth of Private Credit,” Cleary Gottlieb's Private Funds Bulletin, October 2025

“Unique Features of GP Led Private Credit Secondaries Funds,” Private Equity Law Report, May 15, 2025

“Private Credit Managers Consider Smaller Fund Targets,” Creditflux, March 17, 2025

“2025: Heralding a New Regulatory Era for Private Funds and Advisers,” Cleary Gottlieb's Private Funds Bulletin, March 4, 2025

“Mezzanine Funds Broaden Offerings as Borrowers Seek Customisation and Flexibility,” Creditflux, February 21, 2025