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Private Equity
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									September 05, 2025
									Pot Co. Investors Say Ex-Partner Drained Coffers For SuitsThe members of an investment firm are suing their former business partner in California state court, alleging that he misappropriated funds from the firm to defend himself in a separate suit by another business partner accusing him of fraud. 
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									September 04, 2025
									Hedge Fund Shareholders Push To Dismiss $300M Asset SuitA derivative lawsuit from shareholders who allege that leaders of an investment fund allowed an exchange of over $300 million in diversified assets for "worthless" illiquid equity considers a novel issue of Delaware law and should be dismissed without prejudice, counsel for the shareholders told the North Carolina Business Court on Thursday at a hearing. 
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									September 04, 2025
									SEC, CFPB Rulemaking Agendas Show Deregulatory PushFederal regulators overseeing the financial services sector on Thursday unveiled new rulemaking agendas that they say will return their agencies to their core missions with policies to define authority and limit compliance burdens. 
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									September 04, 2025
									Ropes & Gray Leads Carlyle Unit's $20B Secondary RaiseGuided by Ropes & Gray LLP, a unit of The Carlyle Group said Thursday it has raised $20 billion for its latest secondary fund, which has more than 325 new and existing investors who have committed capital to provide liquidity solutions. 
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									September 04, 2025
									Music Lyrics Co.'s $1B Antitrust Suit Mostly SurvivesA California federal judge largely refused to dismiss LyricFind Inc.'s $1 billion suit accusing a streaming music lyrics rival of using an exclusive deal with Warner Music to edge it out of the market, crediting claims about the importance of Warner while nixing some business interference allegations. 
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									September 04, 2025
									Returning SPAC Teams Kick Off Fresh IPOs Totaling $400MOne SPAC targeting growth-focused U.S. businesses began trading on Thursday while another focused on the natural resources and decarbonization sectors was set to begin trading Friday, with the two having raised a combined $400 million in initial public offerings. 
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									September 04, 2025
									Monthly Merger Review SnapshotThe Justice Department settled a challenge to UnitedHealth's $3.3 billion home hospice acquisition while Democrats called for a judge to reject a different government settlement and the Federal Trade Commission moved against medical technologies transactions for heart valves and device coatings. 
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									September 04, 2025
									Quantinuum Hits $10B Valuation After $600M Capital RaiseQuantum computer developer Quantinuum, advised by Freshfields LLP, on Thursday revealed that it reached a pre-money equity valuation of $10 billion following a $600 million equity raise led by industrial conglomerate Honeywell. 
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									September 04, 2025
									5 Firms Guide Rithm Capital's Crestline BuyFive firms steered real estate-focused investment firm Rithm Capital Corp.'s purchase of Crestline Management, adding and expanding the firm's private credit, insurance and reinsurance capabilities with the acquisition. 
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									September 04, 2025
									Gov't Backs Funds Against Activist Investor Before High CourtThe federal government and the U.S. Chamber of Commerce have filed amicus briefs in support of a group of investment funds that are asking the U.S. Supreme Court to constrain the rights of private parties to file lawsuits under the Investment Company Act. 
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									September 04, 2025
									Cube Highways Trust Mulls $600M IPO, Plus More RumorsIndian infrastructure investment trust Cube Highways Trust is considering a $600 million initial public offering, premium diaper brand Coterie is in talks to be acquired by consumer goods business Mammoth Brands, and European antitrust regulators have reportedly paused their investigation into ADNOC's $17.1 billion acquisition of German chemicals producer Covestro. 
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									September 04, 2025
									Shareholders Back Apax Partners' €916M Apax Global DealInvestment company Apax Global Alpha Ltd. said Thursday that its shareholders have thrown their weight behind a €916.5 million ($1.1 billion) takeover deal put forward by Apax Partners LLP, a private equity firm that it works with. 
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									September 03, 2025
									Derivative Claim Miss Dooms Chancery Squeeze-Out SuitA minority stockholder suit alleging a $15 million "sham foreclosure" of storage venture Clutter Holdings Inc. — allegedly once worth $1.2 billion — was tossed Wednesday in Delaware's Court of Chancery, in a ruling that found the claims unsupportable or derivative and ineligible for direct investor recoveries. 
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									September 03, 2025
									Lumen's Bid To Move $1.4B Pension Suit Out Of Colo. BlockedA Colorado federal judge on Wednesday rejected Lumen Technologies' request to move to Louisiana a proposed class action alleging it wrongly transferred obligations for a $1.4 billion pension fund to a private equity-controlled insurance company, with the judge finding the venue provision in the pension plan does not apply. 
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									September 03, 2025
									Del. Justices Mull Sports Media Co. Investors' Doc AppealAn attorney for sports streaming platform FloSports Inc. told a Delaware Supreme Court panel on Wednesday that three company stockholders put themselves in a "self-inflicted" predicament by pursuing revised, but unsupported, demands for company documents that were ultimately dismissed by the state's chancellor. 
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									September 03, 2025
									Latham Adds Former Fried Frank Atty To M&A, PE Team In NYLatham & Watkins LLP announced another addition to its mergers and acquisitions and private equity practice Tuesday, welcoming a former Fried Frank Harris Shriver & Jacobson LLP attorney with broad expertise in asset management M&A transactions. 
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									September 03, 2025
									Transit Tech Startup Via Ignites Plans For $450M IPORideshare and transit services company Via Transportation, which offers software and technology-enabled services to replace aging transportation systems, on Wednesday outlined a price range for its estimated $450 million initial public offering. 
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									September 03, 2025
									4 Firms Steer $2.7B Sale Of Aon's NFP Wealth BizAon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties. 
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									September 03, 2025
									Archegos Witness Avoids Prison After 'Extensive' CooperationA former accountant who served as director of risk at Archegos before its fraud-driven collapse avoided prison Wednesday after a Manhattan federal judge said his testimony was crucial in securing the conviction and 18-year prison sentence imposed on fund founder Bill Hwang. 
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									September 03, 2025
									2 Firms Advise $300M Investment In Shopping Center REITCharleston, South Carolina-based retail owner Bond Street Real Estate Investment Trust said Sept. 3 that it has attracted a $300 million commitment from private equity firm Conversant Capital in an investment advised by Allen Matkins Leck Gamble Mallory & Natsis LLP and Fried Frank Harris Shriver & Jacobson LLP. 
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									September 03, 2025
									Latham-Led Great Hill Clinches 9th Fund With $7B In TowLatham & Watkins LLP-advised private equity shop Great Hill Partners on Wednesday revealed that it wrapped its ninth fund above target after securing $7 billion of commitments. 
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									September 03, 2025
									KKR Secures UK Gov't Approval For £4.2B Spectris TakeoverKKR has won backing from the U.K. government for its £4.2 billion ($5.6 billion) proposed takeover of high-tech instrument-maker Spectris, the companies said Wednesday, paving the way for the deal to reach completion. 
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									September 02, 2025
									Speculation Can't Halt Medical Coatings Merger, GTCR SaysGTCR BC Holdings LLC should be allowed to merge the nation's leading medical coatings supplier with the second leading provider because federal regulators spent two weeks simply relying on speculation and theory to prove its losing antitrust case, the private equity subsidiary argued. 
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									September 02, 2025
									Del. Court Tosses Trump Media Suit, Avoids Immunity FightCiting multiple reasons to dismiss former consultant claims that they were cheated during the take-public workup for President Donald Trump's "Truth Social" media site, a Delaware vice chancellor on Tuesday tossed the suit while declining to consider assertions that presidential immunity barred the court from going forward. 
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									September 02, 2025
									Kirkland, Cleary Guide Close Of $2.3B Private Credit FundKirkland & Ellis LLP-advised credit-focused alternative asset manager Benefit Street Partners LLC and private market secondaries manager Coller Capital, led by Cleary Gottlieb Steen & Hamilton LLP, on Tuesday announced that they clinched a $2.3 billion private credit continuation fund. 
Expert Analysis
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								Opinion Lawsuits Shouldn't Be Shadow Assets For Foreign Capital  Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association. 
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								2 Del. Rulings Reinforce Proof Needed For Records Demands  Two recent Delaware Court of Chancery decisions involving Amazon and Paramount Global illustrate the significance of the credible basis standard on books and records requests, underscoring that stockholders seeking to investigate wrongdoing must come forward with actual evidence of misconduct — not mere allegations, say attorneys at Cleary. 
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								How To Accelerate Your Post-Attorney Career Transition  Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University. 
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								Key Takeaways From The 2025 Spring Antitrust Meeting  Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields. 
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								How Tariffs May Affect Proxy Contests This Season  While global tariffs imposed by the Trump administration will certainly chill at least some activity this proxy season, and make defending contests significantly easier, there will likely be many new activist investments once there is more economic certainty, meaning more proxy fights this fall, say attorneys at Sidley. 
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								Series Law School's Missed Lessons: Be An Indispensable Associate  While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson. 
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								SEC Confidential Review Process Provides Issuers Flexibility  The U.S. Securities and Exchange Commission's recently announced enhancements to the process for confidentially submitting draft registration statements will be immediately impactful for issuers seeking to access the public capital markets, and should provide more grounds to explore and plan public offerings, say attorneys at Lowenstein Sandler. 
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								Series Birding Makes Me A Better Lawyer  Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden. 
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								Series Adapting To Private Practice: From DOJ Leadership To BigLaw  The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury. 
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								Issues To Watch At ABA's Antitrust Spring Meeting  Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week. 
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								Law Firm Executive Orders Create A Legal Ethics Minefield  Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter. 
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								Reviewing Calif. Push To Restrict Private Equity In Healthcare  A recent proposed bill in California aims to broaden the state's existing corporate practice of medicine restrictions, so investors must ensure that there is clear delineation between private equity investment in practice management and physicians' clinical decision-making, say attorneys at Debevoise. 
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								Firms Must Embrace Alternative Billing Models Or Fall Behind  As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer. 
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								Opinion 7 Ways CFTC Should Nix Unnecessary Regulatory Burdens  Several U.S. Commodity Futures Trading Commission regulations do not work efficiently in practice, all of which can be abolished or improved in order to comply with a recent executive order requiring the elimination of 10 regulations for every new one implemented, say attorneys at K&L Gates. 
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								How Attorneys Can Master The Art Of On-Camera Presence  As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.