Simpson Thacher-Led Coller Capital Wraps $17B Fund

By Jade Martinez-Pogue

Private market secondaries manager Coller Capital, advised by Simpson Thacher & Bartlett LLP, revealed that it has clinched its largest fund ever after securing $17 billion of capital commitments, bringing the firm's total assets under management to $50 billion.

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Sixth Street Closes European Fund With €3.75B In Tow

By Jade Martinez-Pogue

Private equity shop Sixth Street, advised by Cleary Gottlieb Steen & Hamilton LLP, on Wednesday announced that it wrapped its third European direct lending fund at its hard cap with €3.75 billion ($4.37 billion) of committed capital.

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Czech Co. Seeks $873M IPO On Defense Spending Wave

By Nate Beck

Prague-based defense company Czechoslovak Group said Wednesday that it plans to raise some $873 million by listing on Euronext Amsterdam in the coming weeks in an initial public offering following rising defense spending from European and NATO governments.

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Lowenstein Sandler Guides Alpaca's $150M Series D

By Grace Dixon

Alpaca, a brokerage technology company, announced Wednesday that it had raised $150 million in a Series D round that valued the company at $1.2 billion in a deal steered by Lowenstein Sandler LLP.

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Alternative Asset 401(k) Investing Rule Sent To OMB

By Kellie Mejdrich

The White House Office of Management and Budget is reviewing a proposed rule from the U.S. Department of Labor's employee benefits arm related to fiduciary duties involved with alternative asset investing in 401(k)s, marking the last hurdle before the regulations' release for public comment. 

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Google Ex-Staffer Attys In 'Grave Danger' Of Testimony Misstep

By Bonnie Eslinger

A California federal judge appeared open Wednesday to letting prosecutors introduce previously suppressed evidence from the FBI's interview with an ex-Google engineer accused of stealing trade secrets, telling defense counsel that their efforts to paint Google and the government as in cahoots raised a "grave danger" he'd allow the evidence.

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SDNY Atty Signals Return To Private Fund Valuation Scrutiny

Recent remarks by the U.S. Attorney for the Southern District of New York — hinting that regulators are renewing their focus on private fund advisers who overvalue portfolio assets to drive up investor fees — should prompt firms to review their valuation methodologies and address potential conflicts of interest now, say attorneys at Debevoise.

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Series

The Law Firm Merger Diaries: Forming Measurable Ties

Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

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Analysis

'The Work Has Changed': How White-Collar Attys Are Coping

By Phillip Bantz

The Trump administration's dramatic policy enforcement changes over the past year, along with turmoil and turnover at the U.S. Department of Justice, has tilted the white-collar world on its axis, forcing lawyers and firms to abruptly shift focus and expand their practices, sometimes beyond traditional white-collar criminal defense matters.

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Tort Report: Los Angeles Tops Annual 'Judicial Hellhole' List

By Y. Peter Kang

Los Angeles' designation by a tort reform group as a top "judicial hellhole," and the latest in a suit over a Kentucky judge shot to death in his own chambers lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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Jury Seated In Goldstein Trial, Arguments To Start Thursday

By Jared Foretek

A federal jury was seated in Thomas Goldstein's felony tax and mortgage fraud case Wednesday, but the government will wait until Thursday to begin making its case.

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Calif. Bill Would Ban AI From Replacing Arbitrators' Analysis

By Emily Sawicki

A bill introduced in the California state Senate seeks to regulate attorneys' use of generative artificial intelligence statewide, including banning lawyers from entering private client information into public AI systems and prohibiting arbitrators from utilizing AI in decision-making.

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Sinema Sued Under Rare Law By Her Former Guard's Ex-Wife

By Abigail Harrison

Former U.S. Sen. Kyrsten Sinema, now a Hogan Lovells attorney in Washington, D.C., destroyed a 14-year marriage by sustaining an affair with a former member of her security detail and U.S. Senate staff, according to a lawsuit that hit North Carolina federal court Wednesday.

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DOJ Calls On 3rd Circ. To Rethink Habba DQ Ruling

By Ryan Boysen

In a request for rehearing en banc filed Wednesday, the federal government asked the Third Circuit to reconsider its decision blocking Alina Habba from serving as acting U.S. attorney for New Jersey, saying the issue is "of exceptional importance."

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Trump Renominates NY, Virginia US Attorneys

By Emily Sawicki

President Donald Trump is taking a second crack at securing his picks for federal prosecutors in districts where he previously failed to obtain U.S. Senate approval, including renominating Lindsey Halligan to the role of U.S. attorney for the Eastern District of Virginia, weeks after a federal judge ruled she was not lawfully serving.

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Graham Blocks Bill To Repeal DOJ Lawsuit Provision

By Courtney Bublé

Sen. Gary Peters, D-Mich., tried and failed Wednesday to expedite the passage of a bill that would repeal a provision of the government funding package enacted in November that allows senators investigated by former special counsel Jack Smith to sue for damages.

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House Blocks GOP Bid To Cut Funds For DC Judges, Courts

By Courtney Bublé

The House on Wednesday failed to approve a Republican-led amendment to a government funding bill that would decrease the funding for D.C. courts and take aim at two federal judges Republicans are looking to impeach.

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