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Adam Freedman joins the firm following the departure earlier this year of its former compliance chief.
Latham & Watkins has hired a Kirkland & Ellis partner to help boost its secondaries capabilities.
The deal totalled somewhere in the range of $2bn to $2.5bn, making it one of the largest deals of the year.
Sponsors or GP-led secondaries processes should take care in the language they use to explain why they want to hold an asset for longer, writes Thiha Tun, a partner at Dechert.
The deal is among a handful of GP-led secondaries processes that have moved through the market, which has become more challenging because of pricing uncertainty.
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Trying to standardise terms in a fast evolving industry is a complicated and worthy endeavour.
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Law firms saw a huge increase in secondaries work during the period under review, with GP-led deals cementing their place as the most popular transaction.
Real estate could be the perfect asset class for GP-led secondaries, despite key legal and tax issues, says Steven Cowins, co-chair of Greenberg Traurig’s real estate fund practice.

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