Legal

When net asset values drop and LPs who rolled their interests into their GP’s vehicle start to think they should have sold their interests instead, there could be legal implications.

Three legal professionals including head of PE in London, Ed Harris, will join as partners, Secondaries Investor has learned.

Chair of the firm's investment funds practice John Daghlian and secondaries Young Gun Mary Lavelle are joining two former colleagues at Akin Gump.

LPs can find the options are limited when a fund manager restructures the leftover assets in a fund nearing the end of its life.

A snapshot of law firms' secondaries work in 2018 by volume, deal count, strategy and more from Secondaries Investor's annual survey.

Disclosure, the role of the LPAC and status quo options may make some GP-led restructurings unaligned with the industry body's guidelines, according to Cleary Gottlieb.

Ted Craig, a partner and secondaries specialist, has left the London-headquartered law firm and asset management consultancy.

Daniel Quinn and Aleksander Bakic are joining the firm's London office from O'Melveny & Myers.

Five lawyers who focus on the sector will join the firm in April, bringing its European secondaries headcount to 15.

Andy Shore, a Secondaries Investor Young Gun of 2018, is understood to be joining Kirkland & Ellis as a partner.