Our preeminent Private Funds Practice has represented private funds clients for over 40 years, playing a prominent role in the development of the private funds industry and earning us a unique leadership role in the sector. Working closely with lawyers in the Firm’s other practice areas, our team provides comprehensive advice to many of the world’s best-known institutional alternative asset managers, as well as smaller first-time funds and independent boutiques.
Through our representation of a diverse group of sponsors, we have established a track record for adding value to our clients’ fundraisings and have developed an acute understanding of custom and practice in the private funds marketplace. That, in turn, allows us to provide clients with the commercially driven, practical advice that they require. We represent sponsors and sophisticated investors in:
- Private equity funds
- Hedge funds
- Real estate funds
- Energy/infrastructure funds
- Credit funds (including mezzanine, senior loan and distressed)
- Secondary funds
- Venture capital funds
- Fund-of-funds
- Other types of funds pursuing “alternative investment” strategies
In addition, we routinely structure our clients’ internal arrangements and employee investment arrangements. We also have substantial experience in M&A transactions involving private investment firms, initial public offerings of alternative asset managers, credit facilities for funds and their managers and secondary transfers of private fund investments. With dedicated fund formation teams in New York, London, Hong Kong, Palo Alto, Los Angeles, Washington, D.C. and Houston, Simpson Thacher has an unsurpassed breadth of experience in organizing private funds of all types around the globe. We offer U.S. and English law capability in advising sponsors of private funds throughout the world.
Largest Fundraisings
Simpson Thacher acted as sponsor counsel on many of the largest private equity fundraisings launched in the U.S. and Europe since 2009, including:
| Blackstone Real Estate Partners IX | $20 billion
|
| CVC Capital Partners VII | €16 billion
|
| Blackstone Capital Partners VII | $18 billion |
Silver Lake Partners V
| $15 billion |
| Seventh Cinven Fund | €10 billion |
| Platinum Equity Capital Partners V | $10 billion |
| EQT Infrastructure IV | €9 billion
|
| Apax IX | $9 billion |
| Carlyle Europe Partners V | €6.4 billion
|
| New Mountain Partners V | $6.15 billion |
| Affinity Asia Pacific Fund V | $6 billion |
| Digital Colony Fund | $4.05 billion |
| Technology Crossover Ventures X | $3 billion |
| Macquarie Infrastructure Partners III | $3 billion |
| Morgan Stanley’s North Haven Real Estate Fund IX Global | $2.7 billion |
| KKR Real Estate Partners Americas II | $2 billion |