Akin Gump Featured in Secondaries Investor’s 2022 Survey
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As part of “Secondaries Investor Law Firm Survey 2022: Lawyers advise on a half-trillion in collective volume,” Secondaries Investor featured, among those of other leading law firms, Akin Gump’s year of work.
The profile notes that the firm’s year was “characterised by variety,” as $24 billion of dealflow was evenly divided across buyout, growth and credit. Akin Gump is noted as advising on 31 GP-led deals, including nine single-asset processes and 12 LP portfolio sales in the November 1, 2020 to October 31, 2021 period.
Akin Gump is noted as being “struck by the widespread adoption of rep and warranty insurance last year” and as expecting to see a “reversion back to indemnity deals as buyers look more closely at the relative cost.”
The firm is quoted: “In the credit and real estate space, we expect to see a focus on the use of GP-leds to create vehicles focused on yield as opposed to opportunistic returns.”