Ryan Phelps is a tax partner in the Houston office of Kirkland & Ellis LLP. His practice focuses on the tax aspects of structuring, forming and investing in U.S. and international private equity, real estate and continuation funds, as well as planning and advising over other secondaries transactions and liquidity solutions for private fund sponsors. He also advises clients on the tax aspects of complex domestic and cross-border transactions, including mergers, acquisitions, divestitures, leveraged buyouts, joint ventures, tax-free spin-offs, restructurings, public offerings and other financings.


Thought Leadership


“Infrastructure REITs: A Tax Code Patch to Fill America’s Potholes,” co-authored with Steve Butler for Tax Notes (May 6, 2019)

Martin D. Ginsburg & Jack S. Levin, “Mergers, Acquisitions, and Buyouts” (updated semi-annually) (contributor)

Memberships & Affiliations

State Bar of Texas — Tax Section

Houston Bar Association

Houston Young Lawyers Association


Admissions & Qualifications

  • 2016Texas


  • University of Texas at Austin School of LawJ.D.with Honors2016

    Order of the Coif

    Associate Editor, Texas Law Review

  • Northeastern State UniversityB.B.A., Accountingsumma cum laude2013