Theodore Cardos

Kirkland & Ellis International LLP


Theodore Cardos is an investment funds partner in the London office of Kirkland & Ellis International LLP. Theodore’s practice primarily involves structuring, negotiating and documenting complex business transactions in the private funds secondary market, including traditional portfolio sales, structured secondaries, synthetic secondaries (i.e., bundled secondary directs), stapled secondary offerings, and fund recapitalizations. Theodore also advises private funds in connection with direct co-investments and other transactional matters. Representative clients advised include HarbourVest, Ontario Teachers’ Pension Plan, Landmark Partners, Partners Group, Deutsche Bank, and Abu Dhabi Investment Council.

Theodore was recognised as a ‘Next Generation Lawyer’ by Legal 500 UK in 2017 and 2019. He was further recognised by Private Equity International in their list of “Future 40: The next leaders of private equity”.


Thought Leadership


Adhering to the guidance on GP-led secondary fund restructurings, by Ted Cardos and Andy Shore, guest post in IQ-EQ (2019).

Navigating a successful fund restructuring: A balancing act, by Michael Belsley and Ted Cardos, a chapter in the book, The Secondaries Market - Strategies for buyers, sellers, fund managers and advisors, published by PEI (Private Equity International) (2016).

Speaking Engagements

“The Evolution and Future of GP-Led Restructurings,” Private Equity Law Report Webinar, March 2020 

 Panellist, BVCA-GP-Led Secondaries Breakfast Seminar, December 2019 

Speaker, "GP-led Deals," Kirkland & Ellis Liquidity Solutions Academy, New York City, New York, November 6, 2019 

“GP transactions,” IBA Private Equity Transactions Symposium, November 2019

“Kirkland Liquidity Solutions Academy New York,” November 2019

“Winding to a Close panel,” Maples & Calder Investment Funds Forum, February 2019

“Have you Thought about Liquidity Options – Best Practices in GP-Led Secondaries,” Duff & Phelps 10th Annual European Alternative Investments Conference, November 2018


Admissions & Qualifications

  • 2011New York


  • New York University School of LawJ.D.2010
  • University of MissouriA.B.2002