Deirdre Haugh
Overview
Deirdre Haugh is an experienced regulatory partner in the London office of Kirkland & Ellis International LLP. Her practice focuses on UK and EU financial services regulation and fund matters, notably in relation to FSMA, FCA rules and guidance, MiFID, AIFMD, PRIIPs, SMCR and MAR.
She is admitted in England and Wales, New York and Ireland and is recognized by The Legal 500 UK as a ‘Rising Star’ (2020) and ‘Next Generation Lawyer’ (2021–2026).
Deirdre advises leading global private fund sponsors across strategies and asset classes (including, private equity, credit, real estate, infrastructure, logistics, etc.) in both primary and secondary/GP-led scenarios as well as on SMAs and co-invests. She has a particular focus and extensive experience advising sponsors on the regulatory aspects of fund structuring, capital raising (of note, on the AIFMD), deployment, restructurings/liquidity events and fund operational matters.
She also advises on the establishment and authorisation of UK and EU-based fund managers, investment firms and advisers, including on scope of activities, regulatory permissions and exemptions, the regulatory business plan, supporting compliance infrastructure and on the use of coverage solutions and hosting platforms, such as appointed representatives, tied agents, third party or “host” AIFMs, etc.
Deirdre provides day-to-day practical guidance to clients on governance, compliance and operational matters as they navigate financial services regulatory requirements, including on the design and implementation of systems, controls, policies and procedures (e.g. conduct of business, remuneration, market abuse, outsourcing, risk management, financial promotions, conflicts of interest, etc.), on regulatory scrutiny and engagement with regulators, on live deal compliance with the UK and EU market abuse regimes and on oversight and implementation of regulatory change workstreams.
She also provides regulatory advice on complex M&A transactions (including public and private) within the financial services sector and assists with minority and strategic investments, restructurings and exits.
In addition to her law firm experience, Deirdre spent time on secondment in a senior management position within the legal and compliance team of a leading global investment business, where she advised on a broad range of regulatory, compliance and fund matters across several UK and EU licensed businesses, strategies and asset classes.
Representative Clients
Vista Equity Partners, Vista Credit Partners, GLP Capital Partners, Blue Owl Capital, The Blackstone Group, Warburg Pincus, Nordic Capital, Macquarie, PAI Partners, Keensight Capital, One Equity Partners, First Eagle Investments, GIC, TPG, Thoma Bravo, HGGC
Experience
Representative Matters
Representative matters at Kirkland include:
- Advising Arctos Partners in connection with Arctos’ majority investment in Hayfin, a European alternative asset management platform
- Advising Arcline Investment Management on the close of its $6 billion Fund IV
- Advising Apex on the c. £1.51 billion recommended all cash acquisition of Sanne Group plc
- Advising Alpine Grove on the formation of a $1.5 billion fund and co-investment structure
- Advising, AJAX I (a publicly traded SPAC) on its $7 billion business combination with Cazoo Holdings Limited
- Advising Blue Owl Capital on various matters, including:
- Advising on the formation and raising of funds across Blue Owl strategies and asset classes, including Real Assets, Credit and GP Stakes
- Advising Blue Owl on its joint venture with Covivio, a leading European operator, to acquire the sites of Thales, a major player in the defence and aerospace sectors with a transaction value at €503 million
- Advising on the sale and leaseback of 20 UK supermarkets and one logistics facility from Asda valued at over £450 million
- Advising on a joint venture with Supermarket Income REIT plc (SUPR), formed with an initial portfolio of eight supermarket properties with a combined value of £403 million
- Advising The Blackstone Group on various matters, including:
- Advising Blackstone portfolio company, Bourne Leisure, on the refinancing of its Haven portfolio of holiday parks with a £2.9 billion facilities agreement, including an approximately £1.54 billion CMBS loan, the biggest in the UK market since 2008
- Advising Blackstone Strategic Partners as lead investor in its investment into a c.€150 million Columna Capital co-investment vehicle invested in the SanteVet Group
- Advising on the $4.73 billion recommended take private of Signature Aviation plc by a consortium of Blackstone, Global Infrastructure Partners and Cascade
- Advising on EU and UK fundraising matters on several BX-managed funds
- Advising CVC Credit Partners on the raising of:
- Advising Global Special Situations Fund II, a $1 billion distressed credit fund
- Advising European Direct Lending Fund II, a €1 billion direct lending credit fund
- Advising European Mid-Market Solutions, a €600 billion direct lending credit fund
- Advising GLP Capital Partners on various matters, including:
- Advising on the formation and fundraising for its logistics, data centre and renewables businesses
- Advising on establishing GLP Continental Europe Development Partners I with initial partner commitments of €1 billion and an expected €2 billion of assets under management when fully invested
- Advising on the acquisition of its international business by Ares Management Corporation in a transaction valued at $3.7 billion to create a global real estate alternative asset platform
- Advising on the acquisition of the global private equity capital advisory business of M3 Capital Partners
- Advising on the acquisition of Goodman Group’s Central and Eastern Europe logistics real estate portfolio
- Advising on the acquisition of EU logistics business IDI Gazeley from Brookfield Asset Management for approximately US$2.8 billion
- Advising on multiple fund investments
- Advising Macquarie on EU and UK fundraising matters for certain Macquarie-managed funds, including, Macquarie Infrastructure Partners VI, a $6.8 billion infrastructure fund
- Advising New State Capital Partners on the closing of its fourth flagship fund, totaling $700 million in capital commitments and significantly exceeding its initial $600 million target
- Advising Nordic Capital on the close of its Evolution Fund II at its EUR 2 billion hard cap and significantly exceeding its target of EUR 1.4 billion
- Advising One Equity Partners on various matters, including:
- Advising in connection with a dual-asset GP-led transaction and the formation of a c.$1 billion continuation fund, with AlpInvest and HarbourVest as lead investors
- Advising on fundraising for One Equity Partners IX, L.P., with $3.25 billion of committed capital
- Advising on the closing of One Equity Partners VIII, L.P., with committed capital of $2.75 billion
- Advising on the completed fundraising for One Equity Partners VII, L.P., with $1.75 billion in total capital commitments
- Advising on multiple portfolio company investments
- Advising PAI Partners on the €3.6 billion equity transaction to reinvest into Froneri
- Advising Thoma Bravo on certain aspects of its $5.315 billion recommended all-cash take-private acquisition of Darktrace plc and its acquisition of Cado Security
- Advising TPG on EU and UK fundraising matters
- Advising Vista Equity Partners on various matters, including:
- Advising on the formation and fundraising of its flagship equity funds since 2018, including
- Advising on the closing of Vista Equity Partners Fund VII, its flagship equity fund family, at its hard cap of $16 billion
- Advising on the closing of Vista Equity Endeavor Fund II at its hard cap of $850 million.
- Advising on multiple portfolio company investments
- Advising Vista Credit Partners, including:
- Advising on a $460 million continuation fund transaction involving the restructuring and sale of Vista Credit Opportunities Fund II, L.P., a 2016 vintage, which holds a portfolio of credit assets, to a newly formed continuation fund backed by Pantheon, a global private markets investor
- Advising on the final close of Vista Credit Partners Fund III, part of its flagship credit fund family, at $2.3 billion, $800 million in excess of its original $1.5 billion target
- Advising Warburg Pincus on various matters, including:
- Advising on the close of Warburg Pincus Financial Sector III, L.P. (WPFS III), which closed on $3 billion of capital
- Advising on the formation of Warburg Pincus Global Growth 15 (WPGG 15)
- Advising a global private fund sponsor on the establishment of a collateralized fund obligations offering
- Advising a global private fund sponsor on preparations for an “on site” visit by an EU regulator, including document inspection and staff interviews, and on the subsequent implementation of an agreed remediation programme
Prior to joining Kirkland, Deirdre also advised on:
- Advised on contentious and non-contentious issues arising from regulatory breaches, including advising an FCA regulated firm on an FCA-supervised remediation programme, regulatory investigation and enforcement action
- Advised the establishment and management of UCITS for retail investors, including appointments to third party UCITS platforms, cross-border marketing, eligible assets, investment restrictions and limits, remuneration rules, admission of UCITS exchange traded funds to the LSE, policies and procedures and other operational matters for UCITS Directive compliance
Clerk & Government Experience
Judicial ExternUnited States District Court for the Central District of CaliforniaJune 2008–August 2008
Prior Experience
Ropes & Gray International LLP, London
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Associate (2015–2017)
First State Investments, London
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Secondee Legal Counsel (2014–2015)
Matheson Solicitors, Dublin, Ireland
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Solicitor (2012–2015)
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Trainee Solicitor (2010–2012)
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Credentials
Admissions & Qualifications
- Admitted to practice as a Solicitor of England and Wales
- New York
- Admitted to the Law Society of Ireland
Education
- New York University School of LawLL.M.2009
- University College DublinLL.B.First Class Honours2008