London, September 23, 2020 – Proskauer’s Private Funds Group has been shortlisted for Funds Team of the Year in this year’s The Lawyer Awards for their market leading work on Ardian’s $5 billion investment in private equity funds from Japan’s Norinchukin Bank.

The Lawyer awards showcase innovation and excellence within the UK and European legal industry. We are honored to receive this recognition and would like to thank our clients for making it possible.

This was the largest secondaries transaction on record and solidified secondaries as an established market within the private equity investment space. The stellar growth of secondaries over the past decade has been fueled by specialist firms like Ardian raising larger secondary funds dedicated to acquiring portfolio investments.

Over the past year, our London team alone have advised on 32 fund formations targeting €19.9+ billion in commitments as well as more than 40 private equity secondary transactions with total deal values exceeding £10 billion.

Globally, our Private Funds Group is an interdisciplinary team of 150+ lawyers, offering a complete package of services to institutional investors and private investment funds. Together, our work includes cross-border fund formation, secondaries, ERISA, regulatory, tax and fund finance, serving more than 500 GP clients worldwide.