Simpson Thacher & Bartlett has added six partners across New York and London to expand its capabilities in asset management M&A, GP-stakes transactions, secondaries, and strategic sponsor transactions.
Brian Parness, Simon Saitowitz, Andrew Nichol, Corey Dietrich and Alexander Miachika have joined the firm, while Charles Cooper-Isow is set to join.
Parness will lead Simpson Thacher’s Sponsor Transactions and Advisory Practice.
The multidisciplinary practice covers transactions involving asset managers, including M&A, GP-stakes deals, strategic partnerships and secondary liquidity solutions.
The incoming partners advise asset managers, private equity sponsors and institutional investors across strategic transactions affecting alternative asset management businesses.
Their experience includes GP-stakes transactions, GP-led secondaries, continuation funds, seed and strategic investments, succession planning, platform investments and governance structuring.
The team represents both buyers and sellers in transactions involving alternative asset managers across multiple investment strategies, geographies and asset classes.
Simpson Thacher said the expansion responds to continued growth in strategic transactions involving alternative asset managers, including consolidation among asset managers, maturation of the GP-stakes market and demand for liquidity solutions.
The appointments follow the recent addition of Stephanie Srulowitz and further expand the firm’s New York-London asset management platform.
The Sponsor Transactions and Advisory Practice draws on Simpson Thacher’s broader private equity, M&A, investment funds, registered funds, insurance, tax, executive compensation, regulatory and financing capabilities.
KEY QUOTES:
“Simpson Thacher provides outstanding integrated, holistic support across asset manager transactions, investment funds and related sponsor advisory matters to our private equity sponsor and asset manager clients. With deep expertise across these areas, Brian, Simon, Andrew, Corey, Alexander and Charles add significant firepower to our exceptional bench.”
Alden Millard, Chair of Simpson Thacher’s Executive Committee
“The market for strategic transactions involving alternative asset managers has become one of the most dynamic areas of private capital. Asset manager consolidation, the maturity of the GP-stakes market and the continued demand for sophisticated liquidity solutions are creating transformative opportunities for private equity sponsors and asset managers.”
Elizabeth Cooper, Global Head of Private Equity at Simpson Thacher
“The funds landscape continues to evolve. In tandem with Stephanie Srulowitz’s recent joining, the addition of this New York–London team brings the sector knowledge, market relationships and execution experience clients need as these transactions become more complex, global and interconnected across transaction types and jurisdictions.”
Michael Wolitzer, Chair of Funds and Funds Adjacencies at Simpson Thacher
“Simpson Thacher has built one of the world’s premier platforms for advising private equity sponsors and asset managers on their most important strategic transactions and fund-related matters. The Firm’s strength across M&A, investment funds and transactions, registered funds, insurance, tax and executive compensation creates a powerful foundation for a seamless Sponsor Transactions and Advisory Practice. I am excited to further expand these capabilities with best-in-class colleagues in New York, London and across the Firm.”
Brian Parness, Partner and Head of Simpson Thacher’s Sponsor Transactions and Advisory Practice
