Legal

Clearlake Capital's fourth 'Icon' deal was voted transaction of the year in the region, while readers selected Kirkland & Ellis as top law firm.

Astorg Partners' €1.3bn continuation vehicle process took top spot for Deal of the Year, while Kirkland & Ellis was crowned Law Firm of the Year in the region.

Several recent single-asset secondaries deals have had their valuations set by earlier minority stake sales.

Metalmark Capital's single-asset SPV on Innovetive Petcare could be worth $450m, Secondaries Investor understands.

Debevoise advised on roughly $18bn of secondaries transactions during 2020, a vast majority of which were GP-led processes.

The Carlyle Group unit has led a process in the latest example of a sponsor using continuation fund technology for the first time.

Aleksander Bakic, who has advised on GP-led deals involving firms such as Permira and Nordic Capital, is set to join the law firm next year.

The acquisition of the BlackRock single-fund position could presage opportunity for pensions with a lower cost of capital than typical secondaries buyers.

We surveyed 90 fund managers and lawyers to ascertain how the industry could be affected by changes to carried interest. 

New partners have been created across the law firm's Boston, New York, Hong Kong, Houston and San Francisco offices.