Kirkland & Ellis is the only law firm to have ever won in this category since its inception in the PEI Awards 2016. - PEI Awards, Secondaries Law Firm of the Year, 2022
Kirkland’s Investment Funds Practice Group includes a market-leading liquidity solutions practice, which advises on a broad spectrum of transactions in the secondary market. For more than a decade, Kirkland has been at the forefront of the evolution of the liquidity solutions space in the U.S., Europe and Asia and continues to benefit from a significant ‘early mover’ advantage in each market as they mature.
Our experienced practice brings together a deep knowledge of alternative fund products with an integrated and multidisciplinary team of attorneys to advise fund sponsors, buyers (including lead investors and syndicate participants in GP-led liquidity transactions), sellers, management teams, financial advisors and fairness opinion providers. Year after year in the U.S., Europe and Asia, Kirkland significantly surpasses other law firms in secondaries market volume (source: Private Equity International), having advised clients on a large proportion of all transactions executed to date. As the secondaries market continues to grow, we built a platform to meet that demand with more than 50 dedicated secondaries attorneys and 570 attorneys in the U.S., Europe and Asia focused on investment funds and a global platform of attorneys in every discipline including tax, regulatory and M&A. Our large global platform is coupled with vast industry knowledge, allowing us to provide sophisticated legal advice and offer novel solutions across a wide range of strategies and fund products. Our platform is further enhanced by an extensive global network of contacts and proprietary databases that enable us to provide clients with timely market insights.
Kirkland’s Investment Funds attorneys have extensive experience innovating and executing a broad spectrum of liquidity transactions including:
- traditional LP portfolio sales
- fund recapitalizations and restructurings
- formation of continuation funds
- structured and synthetic secondaries
- fund-level and GP-level preferred equity investments
- NAV facilities
- tender offers
- investments in fund sponsors
2022 Kirkland Liquidity Solutions Academy
$97.4 Billion Secondaries Transactions in North America in 2022
$34.4 Billion Secondaries Transactions in Europe in 2022
$4.7 Billion Secondaries Transactions in Asia in 2022