Secondaries Investor Law Firm Survey

The Secondaries Investor Law Firm Survey 2025 shows top law firms advising on a collective $1.03trn of transaction volume, nearly $150bn greater than last year.

Eighteen law firms took part in the survey this year, with Kirkland & Ellis continuing its dominance from last year, boasting the highest deal volume among respondents with $223.2 billion advised between 1 November 2023 and 31 October 2024.

To access the full insights from the survey, as well as ones stretching back to 2017, click on the tiles below.

LATEST SURVEY

LAW FIRM SURVEY ARCHIVE

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LATEST SECONDARIES INVESTOR HEADLINES

Nordic Capital mulls another multi-asset CV

If the deal goes ahead, the CV is anticipated to be in the region of โ‚ฌ2bn to โ‚ฌ2.5bn, Secondaries Investor understands.

Better to keep than pass the parcel โ€“ the timely case for CVs

Critics argue CVs entrench managers or delay inevitable exits. However, structured with transparency and fairness, these funds align interests rather than obscure them, writes AEA Investors' and Painswick Capital's John Garcia.

Investor Intentions: Alpine AM family office plans to scale up its portfolio in 2026

The Taiwanese family office is looking to allocate up to $4bn in the next five to eight years.

Samsung Asset Management eyes credit secondaries, co-investments

Such opportunities 'can provide us with some downside protection against the macro flows rather than going with the flow as part of the herdโ€™, says head and OCIO Seong Sup Cho.

Pantheon leads on sustainability-focused Alderโ€™s โ‚ฌ250m CV

Tech-focused Nordics investor Alder has moved two assets into an Article 9 continuation vehicle.
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