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Private Equity

  • May 15, 2025

    TensorWave Wraps $100M Series A Funding Round

    Artificial intelligence infrastructure company TensorWave, advised by Simpson Thacher & Bartlett LLP, said it closed its Series A funding round after securing commitments for $100 million, which will help the company capitalize on the increasing demand for next-generation AI compute infrastructure.

  • May 15, 2025

    Entrata Hits $4.3B Valuation After $200M Blackstone Plug

    Wilson Sonsini Goodrich & Rosati PC-advised Entrata, an operating system for multifamily housing communities, revealed on Thursday that it reached a $4.3 billion valuation after securing a $200 million minority investment from private equity giant Blackstone, led by Weil Gotshal & Manges LLP.

  • May 14, 2025

    Audit Firms Agree To $46M Deal Over Alleged GPB Fraud Ties

    Several auditors of GPB Capital have agreed to pay $46 million to settle claims about their alleged role in the $1.8 billion GPB Capital-Ascendant Capital fraud scheme, which allegedly victimized approximately 15,000 investors.

  • May 14, 2025

    Abbott Signs Bill Codifying Immunity For Corporate Execs

    Texas Gov. Greg Abbott on Wednesday signed into state law a corporate reform bill that codifies the "business judgment rule," which provides immunity for corporate directors from personal liability for company decisions.

  • May 14, 2025

    Ex-Citi Exec Klein's Latest SPAC Raises Upsized $360M IPO

    Special purpose acquisition company Churchill Capital Corp. X began publicly trading on Tuesday after announcing plans to raise $360 million in its initial public offering.

  • May 14, 2025

    Trump's Unorthodox US Atty Picks May Face Learning Curve

    While some of President Donald Trump's picks for U.S. attorney fit the typical mold — former federal prosecutors and BigLaw alums — others lack the type of court experience that can be crucial for effective office management and earning the respect of judges, experts say.

  • May 14, 2025

    Venture-Backed Tech IPOs Forge Ahead As Momentum Builds

    Venture-backed mobile banker Chime Financial Inc. has filed for an initial public offering, while advertising technology platform MNTN Inc. unveiled a price range on an estimated $176 million listing, marking the latest developments this week to bolster the IPO pipeline.

  • May 14, 2025

    SEC To Have 'Sympathetic Ear' On Penalty Talks, Official Says

    The U.S. Securities and Exchange Commission's deputy enforcement director told an audience of financial professionals on Wednesday that they can expect a "more sympathetic ear" from the now Republican-led commission when it comes to arguing down penalties, saying that it's possible that some cooperative firms will not have to hire an outside compliance consultant.

  • May 14, 2025

    SaaS-Focused PE Firm Raises $390M For Second Fund

    San Francisco-based private equity firm Nexa Equity, advised by Kirkland & Ellis LLP, on Wednesday revealed that it closed its second fund with more than $390 million in commitments.

  • May 14, 2025

    Kayne Anderson Secures $2.25B For 3rd Energy Fund

    Alternative investment manager Kayne Anderson has closed its third energy income fund above target with $2.25 billion in total commitments.

  • May 14, 2025

    Biotech Firm Verax Tells Court Eviction Could End Company

    Biotech company Verax Biomedical Inc. has said it faces the prospect of going out of business unless a Massachusetts judge agrees to block its landlord from proceeding with an eviction, at least through the end of its current lease.

  • May 14, 2025

    Skadden-Led Crypto Platform EToro Prices Upsized $620M IPO

    Crypto-friendly trading platform eToro Group Ltd. soared in debut trading Wednesday after it priced an upsized $620 million initial public offering above its range, guided by Skadden Arps Slate Meagher & Flom LLP in an offering that enlisted four law firms total.

  • May 14, 2025

    A&O Shearman Adds Ex-Schulte Roth Restructuring Atty

    A&O Shearman has added a restructuring attorney previously with Schulte Roth & Zabel LLP as a partner in New York, the firm announced Wednesday.

  • May 14, 2025

    Databricks Buying Cloud Database Co. Neon In $1B Deal

    Databricks said Wednesday it has agreed to acquire Neon, a startup offering a serverless version of the open-source Postgres database system, in a roughly $1 billion deal, as it expands its platform to better serve developers and artificial intelligence workloads.

  • May 14, 2025

    Kirkland-Led Northleaf Clinches $2.6B Infrastructure Fund

    Kirkland & Ellis LLP-advised Northleaf Capital Partners has wrapped its fourth infrastructure fund above target after securing $2.6 billion of investor commitments, marking the firm's largest infrastructure fund to date.

  • May 14, 2025

    Kirkland-Led Equity Firm To Buy UK Insurance Broker JMG

    GTCR Inc. has said that it has penned a deal to acquire JMG Group in an acquisition the U.S. private equity firm hopes will help to drive the broker's expansion across the British insurance market.

  • May 13, 2025

    Pot Payment Co. Wants Court To Enforce $1.3M Deal

    A Boulder, Colorado, fintech company said its former business associates in a failed joint venture to create a cannabis payment system cannot be trusted to pay the $1.3 million settlement meant to end all claims of fraud, urging a Nevada federal court to step in and force them to follow through.

  • May 13, 2025

    Latham-Led Physical Therapy Startup Primes $410M IPO

    Venture capital-backed physical therapy startup Hinge Health Inc. on Tuesday unveiled a price range on an estimated $410 million initial public offering, represented by Latham & Watkins LLP and underwriters' counsel Davis Polk & Wardwell LLP, hoping to capitalize on an IPO rebound.

  • May 13, 2025

    Investment Firm Drops 2 Counts From $70M Client Poach Suit

    Connecticut investment firm TJT Capital Group LLC has agreed to drop a Computer Fraud and Abuse Act count and a common-law trade secrets misappropriation claim from a lawsuit accusing a chief compliance officer of taking $70 million in assets under management with him when he left for a new job.

  • May 13, 2025

    SEC's Uyeda Encourages Opening 401(k)s To Private Assets

    U.S. Securities and Exchange Commissioner Mark Uyeda said Tuesday that regulators should explore how retirement accounts could expand to include private equity investments, arguing that such a shift would put 401(k) plans on par with pension funds.

  • May 13, 2025

    Kirkland-Led Denali Growth Partners Raises $400M Fund

    Kirkland & Ellis LLP-advised Denali Growth Partners on Tuesday announced that it closed its second fund with $400 million of limited partner commitments.

  • May 13, 2025

    4 Firms Build Robinhood's $178.9M Canadian Crypto Buy

    Financial services giant Robinhood on Tuesday unveiled plans to acquire Canadian cryptocurrency platform WonderFi Technologies in a CA$250 million ($179 million) take-private deal built by four law firms.

  • May 13, 2025

    Latham-Led VMG Nets $1B For 6th Consumer Fund

    Latham & Watkins LLP-advised growth equity firm VMG Partners on Tuesday revealed it had clinched its sixth consumer fund after securing $1 billion in investor commitments.

  • May 13, 2025

    Peugeot Invests $125M In Insurance Broker BroadStreet

    The company that represents the interests of French industrial dynasty Peugeot said Tuesday that it plans to plow $125 million into U.S. insurance brokerage BroadStreet as it moves to diversify its investments away from the automobile sector.

  • May 13, 2025

    Latham Helps Partners Group Invest $400M In Digital Platform

    Swiss private equity firm Partners Group said Tuesday that it will invest $400 million in Digital Halo, a data center platform based in Singapore, in a move to add to its $4 billion portfolio in the booming sector.

Expert Analysis

  • How Cos. Can Build A Strong In-House Pro Bono Program

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    During this year’s pro bono celebration week, companies should consider some key pointers to grow and maintain a vibrant in-house program for attorneys to provide free legal services for the public good, says Mary Benton at Alston & Bird.

  • Series

    Home Canning Makes Me A Better Lawyer

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    Making my own pickles and jams requires seeing a process through from start to finish, as does representing clients from the start of a dispute at the Patent Trial and Appeal Board through any appeals to the Federal Circuit, says attorney Kevin McNish.

  • Avoiding Merger Disputes Via Careful LLC Agreement Drafting

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    The Delaware Court of Chancery recently upheld a merger in a dispute over the process of amending the target's limited liability company agreement, underscoring the importance of understanding the Delaware LLC Act default rules and careful drafting to allow for contractual modifications, says Jane Trueper at Lathrop.

  • Opinion

    FDIC's Foray Into Index Fund Rules Risks Regulatory Chaos

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    A proposed Federal Deposit Insurance Corp. rule concerning control over passive index fund investments in banks is outside the agency's remit, clashes with an existing Federal Reserve process and would inhibit competition in the index fund sector, says J.W. Verret at George Mason University.

  • Use The Right Kind Of Feedback To Help Gen Z Attorneys

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    Generation Z associates bring unique perspectives and expectations to the workplace, so it’s imperative that supervising attorneys adapt their feedback approach in order to help young lawyers learn and grow — which is good for law firms, too, says Rachael Bosch at Fringe Professional Development.

  • Opinion

    Congress Can And Must Enact A Supreme Court Ethics Code

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    As public confidence in the U.S. Supreme Court dips to historic lows following reports raising conflict of interest concerns, Congress must exercise its constitutional power to enact a mandatory and enforceable code of ethics for the high court, says Muhammad Faridi, president of the New York City Bar Association.

  • Series

    The Pop Culture Docket: Justice Lebovits On Gilbert And Sullivan

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    Characters in the 19th century comic operas of Gilbert and Sullivan break the rules of good lawyering by shamelessly throwing responsible critical thought to the wind, providing hilarious lessons for lawyers and judges on how to avoid a surfeit of traps and tribulations, say acting New York Supreme Court Justice Gerald Lebovits and law student Tara Scown.

  • HSR Amendments Intensify Merger Filing Burdens, Data Risk

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    The antitrust agencies' long-awaited changes to premerger notification rules under the Hart-Scott-Rodino Act stand to significantly increase the time and cost involved in preparing an initial HSR notification, and will require more proactive attention to data issues, says Andrew Szwez at FTI Technology.

  • State Of The States' AI Legal Ethics Landscape

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    Over the past year, several state bar associations, as well as the American Bar Association, have released guidance on the ethical use of artificial intelligence in legal practice, all of which share overarching themes and some nuanced differences, say Eric Pacifici and Kevin Henderson at SMB Law Group.

  • Making Sure Your Co. Isn't In The Next Section 13(f) Sweep

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    Enforcement actions taken against 11 institutional investment managers for alleged failures to file forms required by Section 13(f) of the Securities Exchange Act serve as a reminder that firms should carefully monitor their obligations to avoid becoming the target of the next enforcement sweep, say attorneys at Ropes & Gray.

  • 8 Childhood Lessons That Can Help You Be A Better Attorney

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    A new school year is underway, marking a fitting time for attorneys to reflect on some fundamental life lessons from early childhood that offer a framework for problems that no legal textbook can solve, say Chris Gismondi and Chris Campbell at DLA Piper.

  • Opinion

    This Election, We Need To Talk About Court Process

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    In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.

  • Series

    Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

  • 8 Issues AI Firms May Encounter As M&A Action Accelerates

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    As the AI merger climate heats up, potential complications may arise, including antitrust scrutiny, talent retention agreements, and aggressive and protective deal terms intended to compensate for lofty valuations, say Scott Schwartz and Kishan Barot at Manatt.

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