Dechert has bulked up its secondaries advisory capabilities with the hire of Sam Kay from Travers Smith.
London-based investment funds partner Kay advises a range of private funds and asset managers on fund formation in the private equity, private debt and credit, infrastructure and real estate sectors, according to a statement.
He has also regularly advised on both the buy-side and the sell-side on GP-led transactions, as well as on carried interest arrangements and co-investment schemes, the statement noted.
“The breadth and depth of [Dechert’s] platform will provide tremendous opportunities as the private funds market (and private equity in particular) continues to develop in its size, scale and sophistication. I look forward to contributing to the growth of the practice,” Kay said in the statement.
Kay’s move follows the departure of secondaries experts Ed Ford and Sacha Gofton-Salmond, who have left Travers Smith to join Simpson Thacher & Bartlett.
Other recent legal moves include: Michael Belsley, longstanding partner in Kirkland & Ellis’s investment funds group, who is set to join sports-focused investment firm Arctos Sports Partners in the second quarter of this year, as affiliate title Private Equity International reported this month; Sidley Austin’s hire of Nicholas Cassin from Kirkland as a partner in its investment funds group, based in New York. Goodwin also tapped Kirkland this year with the hire of Jacqueline Eaves in London.
In December, Fried Frank said it had hired Andrew Rearick from Debevoise & Plimpton to join its M&A and private equity practice as a partner, based in London.
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