Concentrating on alternative asset management, Barrie Covit represents some of the largest, best-known sponsors of private equity funds, including Carlyle, KKR, First Reserve, J.C. Flowers and Lexington Partners. He has represented sponsors of funds that focus on investments in specific asset classes—including energy, financial services and the secondary market—throughout the world, including in Western Europe, South Africa and Brazil. In addition, Barrie represented the U.S. Treasury Department in connection with the $30 billion Public-Private Investment Program to purchase legacy assets from financial institutions. Barrie is ranked as a leading investment funds lawyer by numerous publications, including Chambers & Partners and Who's Who Legal. He was named to Investment Dealers’ Digest “40 under 40” list in 2010.
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Work Highlights
- Carlyle in a number of fund-raisings, including the establishment of the $13 billion Carlyle Partners VI, its flagship U.S. buyout fund, the $2.5 billion Carlyle U.S. Equity Opportunity Fund II and the $1.1 billion Carlyle Financial Services Partners
- KKR in the establishment of the $1.2 billion KKR Real Estate Partners Americas
- First Reserve in its fund-raisings, including in the establishment of the $9 billion First Reserve Fund XII and the $2.5 billion First Reserve Energy Infrastructure Fund II
- Lexington Partners in the establishment of the $10 billion Lexington Capital Partners VIII
- Northwood Partners in raising $4 billion for an evergreen real estate fund
- J.C. Flowers in the establishment of its financial services funds including the $2.3 billion JC Flowers III L.P.
- U.S. Treasury in its $30 billion Public-Private Investment Program to purchase legacy assets from financial institutions
Education
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Columbia Law School, 1998 J.D.
Harlan Fiske Stone Scholar; Columbia Business Law Review
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McGill University, 1995 B.C.
James McGill Scholar
Barrie Covit is a Corporate Partner in the Firm’s New York office, where he focuses on private funds and other facets of “alternative asset management.” He has represented some of the largest and most well-known sponsors of private equity funds including The Carlyle Group, Kohlberg Kravis Roberts, First Reserve Corporation, J.C. Flowers & Co and Lexington Partners. He has also represented sponsors of funds that focus on investments in specific asset classes (including energy, infrastructure, financial services and the secondary market) in regions throughout the world (including Western Europe, South Africa and Brazil).
Barrie represented the United States Treasury Department in connection with the $30 billion Public-Private Investment Program to purchase legacy assets from financial institutions.
Chambers USA: America’s Leading Lawyers for Business selected Barrie as a leading lawyer in private equity fund formation in each year from 2009 to 2018. Barrie’s work on the investor matching program for Carlyle Partners VI was recognized by the Financial Times in its “US Innovative Lawyers” issue. In addition, he has been recognized as a leading lawyer by The Legal 500 United States and Who’s Who Legal.
Barrie graduated from McGill University in 1995, where he was a James McGill Scholar. He received his J.D. from Columbia Law School in 1998, where he was a Harlan Fiske Stone Scholar and a member of the Columbia Business Law Review. Barrie joined Simpson Thacher in 1998.