Adam S. Tope

Select Secondaries and GP-Led Transactions

Over 200 secondaries and GP-led transactions including:

• Kian Capital Partners in connection with a single asset continuation fund of SPATCO
• Renovus Capital Partners in connection with the formation of a multi-asset continuation fund
• Speyside Fund Advisors in connection with its single asset secondary of Opta Group
• Outfitter Energy in connection with the formation of its continuation fund in the oil and gas sector
• Savant Growth in connection with its GP-led restructuring spin out of Kennet Partners and formation of a continuation fund (US$500 million)
• Hamilton Lane in connection with numerous tender offers, GP restructurings, pooled sales and stapled secondaries 
• Pantheon in connection with secondaries transactions including pooled sales/purchases and GP-led transactions 
• A top-10 European secondaries firm in connection with GP-led restructurings and continuation funds
• Regents of the University of California in connection with numerous secondary transactions
• A family office in a secondary transaction resulting in the restructuring of a US$2 billion portfolio of private equity investments

Select Sponsor-side Fund Formation

• Magnetar in connection with the formation of their first venture capital fund
• Denali Growth Partners in connection with their first oversubscribed institutional fund
• Five Point Energy in connection with the formation of their $1.4 billion Fund IV
• Hull Street Energy in connection with its first institutional fund raising US$500 million 
• NewRoad Capital Partners in connection with their growth equity funds
• Palatine Capital Partners in connection with the formation of their real estate funds including Palatine Real Estate Partners IV
• Hamilton Lane in connection with the formation of numerous funds, fund of one and managed accounts
• An fund sponsor in the structuring, formation and negotiation of over US$3.0 billion of commitments to hybrid funds focused on public equities
• A large multifamily real estate manager in connection with the formation and negotiation of a US$1.2 billion multifamily fund
• A principal of a US$600 million large venture capital holding company in connection with its structuring and formation
• A venture capital sponsor in the formation and operation of the world's first cryptocurrency fund of funds

Select Investor-side Representation

Over 500 investor-side representations in funds, managed accounts and co-investments including: 

• Represented over half of the top-10 sovereign wealth funds in connection with their co-investments and fund investments 
• Numerous leading US endowments in connection with their fund investments 
• A top-10 allocator in connection with its fund investments and co-investments
• Numerous global family offices in connection with their fund investments and managed accounts

• "Structuring the Purchase and Sale of Partnership Interests," Webinar, June 25, 2024
• Panelist, "The growth of private credit secondaries - Unlocking liquidity," Debtwire Private Credit Forum New York, June 18, 2024
• Speaker, "GP-led restructurings for SBIC funds," Webinar, April 10, 2024
• Speaker, "Fireside chat - private credit secondaries: coming of age," Debtwire US Private Credit Forum 2023, June 14, 2023
• Moderator, "A New Fund/Emerging Manager Roundtable: Ready, Set, Launch," 17th Annual Winter Forum On Real Estate Opportunity & Private Fund Investing, January 2020

• Quoted, "Cross fund trades may provide a out for mandatory fairness opinions," Secondaries Investor (August 31, 2023)
• Quoted, "Side Letter: PE's cross-fund loophole," Private Equity International (August 31, 2023)
• Quoted, "Why Startup Founders Should Check In With Their Investors About Compliance," The Defiant (February 14, 2022)
• Quoted, "Placement Agents' Evolving Role in PE Fundraising and Potential Compliance Issues Sponsors Must Consider," Private Equity Law Report (November 2021)