Secondaries

The market for secondaries has evolved. They are now a key means for investors to access capital rather than waiting for the life of the fund to receive their return. The lawyers at Hogan Lovells know the main players in this space: funds of funds, pension funds, endowment funds, sovereign wealth funds, and banks alike. The scale and sophistication of the secondary market for fund interests is growing and that's where we can make a difference.

We have advised buyers and sellers on the transfers of portfolios of direct and indirect interests in private equity, real estate, and infrastructure funds.

Our capabilities at a glance

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Judicial review wins

2

Ex-government policy advisors

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Pieces of legislation changed

Hear from our clients and industry leaders

The whole team is super smart. They are all really easy to work with and then know our business inside out. They come to us proactively with issues and are incredibly responsive.

Chambers & Partners, UK Guide, 2025

An intellectually brilliant and commercially astute public law team. One of the very best in the city.

Chambers & Partners UK 2025

Hogan Lovells has a high capability in solving complex issues that involve both legal and technical perspectives.

Chambers & Partners, Germany, 2025

The lawyers are just experts. They are there when you need them and happy to entertain all my questions. They understand the wider context and the politics and sensitivities of it.

Chambers & Partners, UK 2025

Judicial Review

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UK Parliamentary Affairs

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Key contacts

Ed Harris

Partner

Ed Harris

Partner

London

Adam M. Brown

Partner

Adam M. Brown

Partner

Northern Virginia

Representative experience

Crescent Capital Partners on the establishment of a single-asset continuation vehicle for Healthcare Australia.

Pantheon Ventures as lead investor on Wells Fargo’s approximately US$2bn sale of interests in private credit and private equity funds.

Eurazeo and Unigestion as lead investors in relation to capiton’s closing of its €248m continuation fund, involving the acquisition of Raith and AEMtec.

abrdn, Golding Capital, Hayfin and Lombard Odier as co-leads on the €235m GP-led of HRworks by Maguar Capital.

Pantheon Ventures on the formation of a strategic healthcare real estate platform with Elliott Bay Capital Trust.

Committed Advisors as lead investor on Bencis IV’s closing of its €123m continuation fund.

Pantheon Ventures as co-lead investor on Oakley Capital’s raising of a continuation fund to extend its partnership with IU Group.

Eurazeo and Committed Advisors as co-lead investors on a €230m continuation fund raised by Capvis for Hessnatur, Arena, and Kaffee Partners.

Eurazeo in relation to G Square Healthcare Private Equity’s closing of a €500m continuation fund vehicle in connection with the acquisition of three existing assets from its existing vehicles, G Square Capital I and G Square Capital II.

Pantheon Ventures on a €108.8m credit secondaries transaction with Eurazeo involving the establishment of a fund continuation vehicle and the provision of liquidity to Eurazeo’s investors across three of its funds.

Eurazeo and Hayfin on 21 Invest France's €220m single-asset continuation fund for ProductLife Group.

Pantheon as co-lead investor, alongside Temasek, on seeding a new European private credit fund, West Street European Middle Market Credit Fund, for Goldman Sachs Asset Management.

Awards and recognitions

They’ve advised both on lead and syndicate situations, and have the right amount of M&A and fund experience to be a valued partner in these deals.

Legal 500 UK

2024

Deep experience in the GP-led space and have been active on both the sell and buy-side for a number of years.

Legal 500 UK

2024

Extensive experience in handling issues in the secondaries space.

Chambers USA

2023

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Press releases

Hogan Lovells advises Eurazeo and Hayfin on 21 Invest France's €220m single-asset continuation fund for ProductLife Group

05 June 2024

Press releases

Press releases

Hogan Lovells advises Eurazeo and Hayfin on 21 Invest France's €220m single-asset continuation fund for ProductLife Group

05 June 2024

Press releases

Our capabilities at a glance

Judicial review wins

Ex-government policy advisors

Pieces of legislation changed

Hear from our clients and industry leaders

The whole team is super smart. They are all really easy to work with and then know our business inside out. They come to us proactively with issues and are incredibly responsive.

An intellectually brilliant and commercially astute public law team. One of the very best in the city.

Hogan Lovells has a high capability in solving complex issues that involve both legal and technical perspectives.

The lawyers are just experts. They are there when you need them and happy to entertain all my questions. They understand the wider context and the politics and sensitivities of it.

Explore our capabilites

Judicial Review

Legislation

UK Parliamentary Affairs

Key contacts

Representative experience

Awards and recognitions

They’ve advised both on lead and syndicate situations, and have the right amount of M&A and fund experience to be a valued partner in these deals.

Deep experience in the GP-led space and have been active on both the sell and buy-side for a number of years.

Extensive experience in handling issues in the secondaries space.

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