The LathamTECH Podcast — Can RSUs Unlock Employee Equity?
Evolving Landscape of Secondary Transactions in Private Equity — PE Pathways Podcast
Podcast - Credit Funds: How Managers Can Avoid and Mitigate ERISA Conflicts
In Larouche v. PGM ResidualCo Holdings Inc., 2026 BCSC 674, the British Columbia Supreme Court (the “Court”) refused leave to pursue secondary market claims under the B.C. Securities Act(“Act”) in a proposed class action...more
Following the U.S. Supreme Court’s invalidation of the Trump administration’s tariff program under the International Emergency Economic Powers Act (IEEPA), U.S. Customs and Border Protection (CBP) has moved quickly to...more
On April 14, Maryland Governor Wes Moore signed Senate Bill 784, a measure repealing a provision that had exempted certain assignees of mortgages, mortgage loans, and installment loans from licensing requirements under...more
What Happened? In April 2026, Maryland Governor Wes Moore signed Senate Bill 784 (Chapter 40 of the Laws of 2026), a measure addressing the application of licensing requirements under the Maryland Financial Institutions...more
In this report, we examine continuation vehicles through three interrelated perspectives: that of the sponsor, structuring and executing the transaction, the lead investor, anchoring the transaction, and the existing...more
Le 16 avril 2026, dans l’affaire Larouche v. PGM ResidualCo Holdings Inc. (disponible en anglais seulement), la Cour suprême de la Colombie-Britannique (la « CSCB ») a rejeté une demande d’autorisation d’intenter, en...more
In welcome news for secondary debt markets, the UK Court of Appeal upheld decisions in the lower tribunals in favour of the taxpayer that the “principal purpose test” (PPT) in the UK/Irish double tax treaty (DTT) did not...more
On April 16, 2026, in Larouche v. PGM ResidualCo Holdings Inc., the British Columbia Supreme Court (Court) denied leave to commence secondary market claims under the B.C. Securities Act (Act) in a proposed class action...more
In 2025, we were happy to see ASIC and ASX respond to industry calls by taking some steps to streamline the IPO process, in particular, ASIC’s introduction of new fast track reforms for IPO timetables. We consider the effect...more
The Australian secondary equity capital markets proved to be strong in 2025, with 285 transactions raising approximately $24 billion, up from 225 transactions raising $20.6 billion in 2024....more
Following on our recent observations about what institutional investors should know about the Middle East conflict for institutional investors, and the open question of whether declines in public markets would trigger...more
Orrick's Jamie Moore joins Seb Johnson of Scaling Europe, a European tech podcast, to unpack the sixth edition of our European venture capital deal term review. Deal Flow 6.0 draws on over 400 transactions completed by our...more
Once referred to as “zombie funds,” continuation vehicles (CVs) have been firmly established as part of the toolkit for a private capital sponsor to achieve an “exit” for investors....more
GP-led secondary transactions continued to soar in popularity in 2025. With mixed economic indicators potentially impeding other kinds of private equity exit events, the uptick in continuation funds shows no signs of slowing...more
According to a recent report by Campbell Lutyens, GP stakes and GP M&A transactions reached record levels in 2025, with deal volume increasing 40% year-on-year. The research recorded 164 private markets GP transactions in...more
Q1 2026 broke every VC record. Crunchbase reports $300 billion deployed globally, a 150% jump year-over-year, nearly 70% of all VC deployed in all of 2025. AI captured 80% of venture dollars. $242 billion went to AI...more
Over the past 40 years, private equity has evolved from a niche alternative asset class centered on leveraged buyouts into a global industry, with asset managers now pursuing diversified, multi‑asset strategies and with...more
Our Distressed Debt & Claims Trading Team breaks down the Loan Market Association’s new secondary trading forms that went into effect March 17, 2026....more
How are private equity and private credit adapting to a more complex market? In this episode of Private Market Talks, Jason Strife, senior managing director and head of junior capital and private equity solutions at...more
The secondary market reached a record $240 billion in deal volume in 2025, surpassing $200 billion for the first time and marking a 48% Year-over-Year increase, driven by liquidity needs amid a slow exit environment and...more
This month’s geopolitical developments – including shifting tariffs, conflict in the Middle East and concerns around potential AI market disruption – have added uncertainty and volatility in these global financial markets....more
After more than a decade of expansion, from an almost unknown asset class to a US$20 billion industry, third-party funding experienced a turbulent 2025. Key names in the sector are re-evaluating their business models and...more
Ron D'Aversa and Danny Rubens, partners in Orrick's Restructuring and Supreme Court & Appellate practices, break down the Supreme Court's landmark tariff ruling and what it means in practice. • What the Court decided —...more
The European Commission (EC) has launched a consultation seeking feedback on obstacles faced by private equity investors when exiting investments in EU private companies and on potential ways to address these obstacles. The...more
On 2 March 2026, the European Commission published a targeted consultation on private equity exits and the possible development of multilateral intermittent trading platforms for private company shares....more