
Debevoise & Plimpton LLP remains a leading advisor to private equity and venture capital sponsors on fund formation, with a practice that combines scale, technical depth, and consistent involvement in the market’s most complex fundraises. Based primarily in New York with a broad international footprint, the team counsels clients across the full spectrum of private funds, from flagship buyout and infrastructure vehicles to credit, growth, and venture strategies, as well as successor funds, co-investment programs, and separately managed accounts. Alongside fund formation, the group is also active on regulatory, compliance, and fund-related transactional work, reflecting the breadth of its investment management offering. The practice is jointly led by Rebecca Silberstein and Lorna Bowen who regularly act for global asset managers, investment firms, and financial institutions, including banks, on flagship and successor funds as well as broader platform-level mandates. Senior partners such as Jonathan Adler, Justin Storms, Jason Auerbach, Andrew Ford, and Sally Bergmann Hardesty are closely involved in sponsor mandates across buyout, real estate, credit, and multi-strategy platforms, while Ali Nierenberg is increasingly active on large-cap infrastructure and complex sponsor-led fundraises.
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Accolades
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Key clients
- KKR
- Clayton, Dubilier & Rice
- HarbourVest Partners
- The Carlyle Group
- Morgan Stanley
- Stone Point Capital
- J.P. Morgan
- Global Infrastructure Partners
- Odyssey Investment Partners
- Kelso & Company
- Tishman Speyer
- Crescent Capital Group
- One Rock Capital
- Blackstone Alternative Asset Management
- HongShan (formerly Sequoia China)
- Peak XV (formerly Sequoia Capital India & SEA)
- Allianz Asset Management
- Credit Suisse
- Breakthrough Properties
- StepStone Group
Work highlights
Represented Stone Point on the formation of multiple private funds, notably Trident X, an $11.5bn global buyout fund, and SPC Opportunities Fund II, a $555m global credit opportunities fund.
Represented KKR on the formation of multiple private funds, including KKR Asset-Based Finance Partners II, a $5.6bn asset-based finance fund focused on globally originated and privately negotiated credit investments backed by diversified pools of financial and hard assets, and KKR Ascendant Fund, a $4.6bn fund dedicated to investing in middle-market businesses across North America.
Representing GIP on the formation of Global Infrastructure Partners V (GIP V), a $25bn infrastructure fund continuing the strategy of its predecessor flagship funds, targeting investments across the energy, transport, digital and water and waste infrastructure sectors, with a primary focus on OECD markets in North America, Europe, Australia and Asia.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Rebecca Silberstein; Lorna Bowen
Other key lawyers
Jonathan Adler; Justin Storms; Jason Auerbach; Andrew Ford; Sally Bergmann Hardesty; Ali Nierenberg


