Ropes & Gray makes partner promotions

The law firm advised on more than 150 secondaries transactions in 2019 with a value of $17.5bn, according to Secondaries Investor's annual law firm survey.

Ropes & Gray has promoted three private funds lawyers to partner.

Adam Dobson, Chune Loong Lum and Justin Kliger were among 16 promotions to that level across the Boston-headquartered firm, effective from 1 November, according to a statement.

Boston-based Dobson advises asset mangers and institutional investors with respect to secondaries, direct investments and co-investments, the statement noted.

Among the deals he has advised on are the acquisition of a $1.5 billion portfolio by a Canadian pension fund and the sale of a $1.5 billion portfolio of private equity and real estate fund interests by a US insurance company, according to his corporate biography.

Also Boston-based, Kliger advises on the formation and operation of closed-ended investment funds. He has negotiated on behalf of institutions and seed investors in spin-off transactions, according to his biography.

Hong Kong-based Lum represents sponsors as well as institutional investors on primaries, secondaries and co-investments.

“They go all in for their clients, 24-7,” said David Djaha, the firm’s managing partner. “They are trusted advisors who deliver cutting edge, commercial and strategic advice and the great results our clients expect from Ropes.”

Ropes & Gray advised on more than 150 deals worth $17.5 billion last year, according to the Secondaries Investor Law Firm Survey 2020. Among the clients they represented were AlpInvest Partners, HarbourVest Partners, Rockefeller Foundation and the Church Pension Fund.