Asset Management M&A Update

We are pleased to announce that Ropes & Gray LLP has formed a dedicated asset management M&A team, co-chaired by Ariel Deckelbaum, Scott Abramowitz and Greg Davis, which includes more than 180 attorneys from various practice areas, including our asset management, M&A, tax and employee benefits practice groups. We look forward to meeting with our clients and friends to discuss how our knowledge and experience in this area may be helpful to you. To mark the launch of this new team, we would like to share some observations on the current state of the market.

To begin, we note that it is hard to talk about asset management deal activity these days without turning to the topic of asset management M&A. Transactions involving the asset managers themselves—whether between one manager and another in a consolidation or growth play or with third parties seeking exposure to GP economics or to assist with generational transitions—have been steadily on the rise for several