Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Ropes & Gray makes key addition to private investment funds and asset management practice

Tuesday, August 16, 2016
Opalesque Industry Update - Global law firm Ropes & Gray today announced that Amanda Persaud has joined the private investment funds practice as a partner in the firm’s 300-lawyer New York office.

Ms. Persaud’s practice focuses on the formation, fundraising and operation of private investment funds, including private equity funds, hedge funds, credit funds and other types of alternative asset funds. She regularly provides counsel on a wide range of governance, operational and regulatory matters affecting sponsor clients. She frequently advises on significant business transactions such as purchases and sales of asset management businesses, spinouts and key person separations.

Ms. Persaud joins Ropes & Gray from Wachtell, Lipton, Rosen & Katz, where she served as head of its private investment funds practice.

“Amanda’s intelligence and the scope of her deep funds experience will be of great advantage to our diverse base of sophisticated clients,” said John Ayer, co-leader of Ropes & Gray’s private investment funds practice.

“We foresee that Amanda will play a prominent leadership role within our expanding practice in New York as we enhance our service offerings across a broader set of asset classes and grow client relationships,” said Matt Judd, co-leader of Ropes & Gray’s private investment funds practice.

“Joining a team that is highly regarded within the marketplace, with an exceptional platform and a premier global client base, is truly exciting,” said Ms. Persaud. “I’ve long known of the firm’s reputation as having a leading funds practice, and I am energized at the prospect of contributing my own leadership experience and capabilities as the firm increases its presence in New York.”

Ropes & Gray is widely recognized for having one of the largest and most sophisticated private investment funds practices, advising both fund sponsors and investors. The practice has been ranked by Chambers Global for the last eight years as one of the world’s leading fund formation practices. The firm’s other accolades include rankings in the top bands of The Legal 500 and IFLR1000, and for three consecutive years, being named as “Law Firm of the Year” for private funds/hedge funds law by U.S. News-Best Lawyers.

With more than 300 lawyers in New York, Ropes & Gray is one of the largest law firms in the city. The firm has expanded its presence in New York significantly in the past 18 months with the addition of more than 10 partners and counsel in this time. Ms. Persaud is the sixth high-profile lateral partner to join our New York office in 2016, following Garrett Charon, who joined the firm’s private equity practice in July, Kristen Chang Winckler, who joined the tax practice in June; David Blittner, who joined the private equity practice in April; Gregg Galardi, who joined the business restructuring practice in February; and Michael Littenberg, who joined the securities & public companies practice in January.

“As our asset management practice expands and solidifies its position in New York, we are delighted to welcome Amanda to our office here,” said Eva Ciko Carman, co-managing partner of the firm’s New York office. “With the addition of more than 10 partners and counsel in the past 18 months to our New York office, this number demonstrates Ropes & Gray’s position as a destination for market-leading, world-class legal talent.”

Ms. Persaud received her J.D. from the University of Virginia School of Law. She graduated with honors from Duke University with a B.A. in political science.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1