Legal

Law firm Kirkland & Ellis has elevated Jaclyn L. Rabin and Paul Mysliwiec to the position of partner as part of a raft of promotions.

The move is one of seven promotions to partner.

Caroline Steil as a senior legal advisor from law firm Jones Day and will advise on the firm's secondaries activities.

Matt Murphy has been appointed legal counsel in the private equity firm’s Toronto office.

PJT Partners, the parent company of Park Hill Group that had employed Andrew Caspersen, who allegedly defrauded investors, will receive almost $6m back from insurance.

In an increasingly crowded transactions market, the competitive edge is shifting to buyers with efficient transaction processes. Fadi Samman, a partner in the investment management practice at law firm Akin Gump, offers his tips for what investors should consider.

Fewer limited partnership agreements contain right of first refusal clauses, which is a good thing for the secondaries market, according to a law firm.

Fund restructurings have entered the mainstream, which means GPs need a better understanding of the legal and compliance risks involved in the strategy, write Gibson Dunn lawyers Candice Choh and Shawn Domzalski.

Proposed changes to private fund limited partnerships would benefit secondaries funds and secondaries investors in the UK.

The alternative assets specialists has advised on more secondaries deals so far this year than all of 2014.