Akin Gump promotes secondaries lawyer to partner

Amanda Butler-Jones plays a 'leading role' in the law firm's relationship with the secondaries and liquidity solutions group of a large asset manager.

Akin Gump Strauss Hauer & Feld has promoted a lawyer who focuses on secondaries transactions to the partnership.

Amanda Butler-Jones, who joined the law firm in 2014, plays a “leading role” in the firm’s relationship with the secondaries and liquidity solutions group of a large asset manager, according to a statement.

Based in Washington DC, she represents lead investors and fund sponsors in single and multi-asset fund restructurings, and has leading roles in representing fund sponsors in the formation, structuring and operation of private investment funds.

In total, Akin Gump promoted 15 lawyers to partner-level, effective 1 January.

Akin Gump’s secondaries transactions last year include representing Mubadala Capital in a $3 billion stapled secondaries deal last year, according to its submission for affiliate title Private Equity International‘s PEI Awards 2022. The transaction involved closing on four simultaneous transactions: the launch of a continuation fund; the sale of a private equity portfolio; a hybrid NAV-based term loan facility and revolving credit line to fund purchase price and fund working capital for the continuation fund, and the launch of Mubadala Capital’s fourth vintage private equity fund.

The law firm advised on $24 billion of deals between 1 November 2020 and 31 October 2021, evenly split across buyout, growth and credit, according to the Secondaries Investor Law Firm Survey 2022, published in June. It advised on 31 GP-led deals, including nine single-asset processes and 12 LP portfolio sales during that year.