Secondary Transactions

Debevoise lawyers advise on all types of private equity secondary transactions, including fund interest secondaries, listed fund transactions, secondary direct transactions, “GP for hire” arrangements, synthetic secondaries, “stapled” primary and secondary transactions, and the establishment of funds investing in secondaries transactions. Debevoise is also very active in the growing area of “tail-end deals,” through fund interest secondaries, secondary directs and uniquely structured arrangements, which give liquidity to investors in tail-end funds and provide new capital for tail-end managers.

Debevoise has advised secondaries funds, and other secondaries purchasers and sellers, in numerous transactions and fundraisings, including straightforward purchases and sales of fund interests, complex multi-national secondaries transactions and acting for sponsors and investors on some of the largest secondaries fundraisings. Furthermore, the firm’s global sponsor-side Funds practice involves the team in almost every major secondary sale of private investment funds.