Simpson Thacher in the News
Go Back
Simpson Thacher Advises on Four of the Ten Largest PE Fund Closings of 2018
12.20.18
This is only gets display when printing
The Firm was recently featured in a year-end article by Law360 titled “A Look Inside The 10 Largest PE Funds Of 2018,” which ranked this year’s largest fund closings according to data provided by research firm Preqin. Simpson Thacher was reported to have advised on four of the listed fund closings, including the largest private equity fund raised this year, The Carlyle Group’s seventh U.S. buyout fund, the $18.5 billion Carlyle Partners VII fund.
Simpson Thacher was the only law firm to have advised on multiple of 2018’s largest private equity fund closings.
The top ten PE funds of 2018 that Simpson Thacher advised include:
- Carlyle Partners VII, $18.5B. Raised with assistance from Partners Barrie Covit and David Greene;
- EQT VIII, $13.23B. Raised with assistance from Partners Jason Glover and Robert Lee;
- BC European Capital X, $8.48B. Raised with assistance from Partners Jason Glover and Seema Shah; and
- Carlyle Asia Partners V, $6.55B. Raised with assistance from Partners Barrie Covit and Adam Furber
Corporate Partner Pete Gilman was also quoted in the article discussing Asia’s resurgence as a focus for PE firms. “PE firms are efficient in finding new frontiers and opportunities where perhaps there is more opportunity, less competition or more attractive pricing, so it comes as no surprise that Asia is witnessing a strong resurgence in PE fundraising,” he said. “Some of the largest funds in market today are focused on Asian investments. While there is some uncertainty given today’s geopolitical climate, we believe the trend towards Asia-focused funds should continue as the Asian PE markets continue to mature and develop.”
To read the article, please click here (subscription required).