Dechert rehires secondaries partner

Timothy Clark, whose work includes a $1bn secondaries disposal from a US pension, has returned to the law firm after a stint at O'Melveny & Myers.

Law firm Dechert has re-hired a New York-based secondaries professional as a partner.

Timothy Clark, who rejoins the firm from O’Melveny & Myers, will represent clients in matters related to secondaries transactions and fund formation across infrastructure, buyouts, real estate, mezzanine and other types of private fund, according to a statement.

One of the secondaries deals he led saw him represent a large pension plan in the sale of a $1 billion portfolio of private equity interests, according to his biography on O’Melveny & Myers’ website.

“Our global strength across the entire investment management spectrum is a continued attraction for both clients and laterals and we are thrilled to have Tim rejoin,” said Gus Black, co-chair of Dechert’s financial services practice and global head of private funds.

Dechert has been expanding its private equity offering in recent years with hires in New York, London, Beijing, Hong Kong and Singapore. It has more than 250 lawyers working on private funds, transactions and exits, according to the statement.

Read Dechert’s Matthew Kerfoot, Jay Alicandri and Russel Perkins’s discussion of the key issues that can arise when structuring and negotiating credit facilities here.