Legal

The law firm has promoted Ed Ford, who in the last year has advised on GP-led transactions worth billions in transaction value, to bolster its secondaries capabilities.

Whitehorse, Morningside, MJ Hudson and Proskauer Rose are among the firms represented on affiliate title PEI’s list of most impressive people under 40.

Thomas Doyle will leave the London-based preferred equity specialist in the coming weeks, having joined from JPMorgan in 2018.

May sees the publication of our surveys of secondaries advisors and legal activities in 2020. Here are some early findings.

The crisis has put pressure on the relationships between GPs and LPs. As many look to renegotiate fund terms, what will the lasting effects be?

The preferred equity specialist has raised $7.5bn and grown its headcount to 85 since it was founded in 2015.

The law firm has been growing its PE funds team, which advised on 150 secondaries deals worth $17.5bn in 2019.

The appetite for recapitalisations of small numbers of high-performing assets is adding opportunities (and challenges) to the GP-led market, say Travers Smith partner Sam Kay and senior associate Ed Ford.

More understanding of the benefits of the strategy among GPs and LPs may drive continued expansion, say Ben Perl, Ethan Falkove and Peter Bock in this sponsored Q&A.

Secondary Fund IX is the largest raised by the San Francisco-based manager across its secondaries, fund of funds and direct co-investment platforms.