May 4, 2022 (London) – Proskauer’s Private Funds Group has been shortlisted for Funds Team of the Year at The Lawyer Awards for its market leading work for Ardian, in connection with the recent GP-led restructuring of assets managed by General Atlantic.
The deal is one of the largest GP-led transactions in the secondaries market, with the continuation fund closing with more than $3 billion of new capital commitments, facilitating the purchase of four portfolio companies from existing investors of General Atlantic.
The growth of secondaries over the past decade has been fueled by specialist firms like Ardian raising larger secondary funds dedicated to acquiring portfolio investments.
The Proskauer Private Funds Group offers a complete package of services to private investment funds and investors, with a dynamic interdisciplinary global team of 170+ lawyers. Over the last twelve months, we’ve advised on more than 425 secondaries transactions for over 65 different secondary clients globally, with aggregate deal values approximately $62 billion over the past twelve months. In the past twelve months, we have also advised on the formation of 25 secondaries funds targeting more than $20 billion in capital commitments.
In the past 12 months, Proskauer has advised on the formation of over 300 funds and bespoke investor vehicles globally, representing more than $150 billion in targeted commitments.
We are 800+ lawyers serving clients from 12 offices located in the leading financial and business centers in the Americas, Europe and Asia. The world’s leading organizations, companies and corporations choose us to be their representatives in their most critical situations. But more, they consider Proskauer a strategic partner to drive their business forward. We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining companies.
Proskauer offers a full suite of services for the investment management industry, with a market-leading global team dedicated solely to advising hedge fund, private equity and other asset managers, investment funds, financial institutions and institutional investors across all asset classes. The cross border team of over 180 lawyers is based in the U.S., UK, Asia and Latin America and includes specialists in tax, ERISA, regulation, financial services, capital markets, M&A, employment, insurance, fund finance, litigation and risk management who understand the unique technical and commercial issues relevant to investment managers.