Private Equity: Secondaries | USA

Debevoise & Plimpton is widely acknowledged as one of the leading pioneers in private equity secondaries work, offering clients a full suite of services from fund formation through to buy- and sell-side representation in complex transactions. GP and LP clients benefit from the firm's international team of experts, who are frequently called upon to advise on fund restructuring work, portfolio purchases and more traditional secondary deals.

Kirkland & Ellis' outstanding pedigree in secondaries transactions sees it regularly act for an enviable array of household name funds in their most complex liquidity transactions. Its attorneys offer a wealth of expertise across continuation fund work, portfolio sales, fund restructuring and recapitalization matters and sponsor investment work, alongside additional resource in its tax and regulatory groups.

Proskauer has attained a sterling reputation for the strength of its secondaries expertise, frequently advising a broad spectrum of private funds, institutional investors and wider participants on transactional matters. The firm is well versed in GP-led deals, acting for buyers and sellers, as well as acting on fund formation work.

Ropes & Gray makes regular appearances in the secondary market's most sophisticated and prominent transactions, most often on behalf of buy-side investors. The firm offers an international pool of experts in the US, Europe and Asia, who have an excellent track record in advising on portfolio sales, fund recapitalizations, preferred equity deals and wider transactional work.

Davis Polk houses a compact and highly impactful secondaries practice which offers a significant depth of expertise across the full spectrum of transactional and fund formation work. The team acts for a broad spectrum of funds, buyers and sellers in GP-led matters and LP portfolio transactions.

Simpson Thacher is frequently engaged by a number of major national and international funds and wider investors for its well-honed skills in secondaries matters. Clients benefit from the firm's top-tier strengths in fund formation and administration matters, alongside its highly regarded deal teams which are often found advising on the GP-led secondary transactions and fund-to-fund deals.

Akin's liquidity solutions practice offers wide-ranging skills across transactional matters, acting for sponsor clients, buyers and sellers in portfolio transactions, fund recapitalization and restructuring matters, and in forming continuation funds. The firm offers additional expertise in tax, M&A and regulatory matters.

Morgan Lewis is held in particularly high esteem for its expertise in LP-led transactions, with a strong deal flow and a wealth of experience in acting on buy- and sell-side engagements. Clients benefit from the firm's strong transactional resources across the nation and internationally.