Simpson Thacher’s Sponsor Transactions and Advisory Practice sits at the intersection of M&A, fund formation, secondaries, finance, tax and regulatory matters. Our deep expertise across these complementary practice groups provides our clients with a competitive edge in shaping the asset management industry.
At Simpson Thacher, we strive to deliver highly tailored, win-win solutions for sponsors and investors exploring asset manager M&A, GP staking and secondaries. We represent leading asset managers, private equity sponsors, founders, secondary investors, limited partners and other institutional investors across strategies, geographies and asset classes.
Our experience spans the full spectrum of asset manager and fund-level transactions, liquidity events and advisory matters, including:
Asset Management M&A and Strategic Transactions
- Control and majority acquisitions / dispositions
- Spin-outs, lift-outs, acqui-hires and other carve-out transactions
- Joint venture transactions and co-sponsorship arrangements
- Registered fund transactions and partnerships
GP Stakes and Strategic Advisory Solutions
- Minority GP-stake investments (buy-side / sell-side)
- Seeding and anchor investor arrangements
- Preferred equity and hybrid GP-financings
- Platform investments
- Governance matters and succession planning
- Management company equity and long-term incentive plan structuring
Secondaries and Other Fund Liquidity Solutions
- Continuation fund transactions
- Fund-level recapitalizations and restructurings
- Private credit secondaries and BDC secondary sales
- Strip sales
- Structured and synthetic secondaries
- Traditional LP portfolio sales
- Fund-level preferred equity investments
- NAV facilities
- Tender offers