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Blackstone, Rialto, and CPP Acquire $1.2bn Stake in Signature Bank’s CRE Debt

Private Equity Insights

The moves bolstered the banking industry’s support for the private equity sector, a major source of financing for private companies and property transactions. In October, the FDIC completed the sale to Goldman Sachs and PNC Bank of $18.5bn in more than 200 funded loans paid out to borrowers from Signature Bank.

Stakes 225
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Space Is No Vacuum for Lawyers

The Motley Fool

DLA Piper, the third-largest law firm in the US by revenue, is setting up a special department to advise companies involved in commercial space exploration. As reported by the Financial Times, it's part of a growing number of major law firms looking to tap into the commercial space race.

Law Firms 130
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Jackson Walker adds Partner to corporate & securities practice 

Private Equity Wire

Law firm Jackson Walker has hired Patrick H Rose, IV as Partner in the corporate & securities practice group in its Dallas office. Rose most recently served as Partner at US law firm BakerHostetler.

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Ropes & Gray’s latest Partner promotions include several PE lawyers

Private Equity Wire

Global law firm Ropes & Gray has named 12 of its existing attorneys as the firm’s latest Partners, effective 1 November, including several whose practices cater for private equity and other private credit and private fund clients.

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Transcript: Matt Levine

The Big Picture

But yeah, then I went to Wachtel afterward because it, it seemed like, because like, you know, you’re, you’re a law student and you don’t know what a law firm is. And then like you can spend your second year summer at a law firm. And so you end the summer knowing what a law firm is.

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Transcript: Anat Admati

The Big Picture

ADMATI: We’re at the mercy of these private companies. RITHOLTZ: Because they’re private companies. But the Sacklers took away a whole bunch of money to private company. He’s a partner in a law firm and one of the things he did afterwards was Ben Lawsky who was the regulator in New York ….

Banks 81
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Transcript: Ken Kencel

The Big Picture

So the theory was that’s great that you’re providing a loan, but if you can co-invest with them and get the upside of partnering with some of the most successful private equity funds in the United States, you know, a great way to enhance your returns. I was a new associate at a law firm and I was directed to report to him.