

Private Capital
We partner with private capital investors and managers to achieve outstanding outcomes.
We provide unrivalled expertise on the design and execution of complex and innovative cross-border structures and deals, supporting our clients at the most senior level.
Covering every aspect of private capital investment, we bring new and original ways of thinking to the complex legal challenges our clients face. We are expert advisors across the capital structure in all relevant asset classes including private equity, private credit, infrastructure and real estate, and provide unparalleled guidance on distressed and institutional investment strategies and fund level financings. Our global upstream fund formation, fund financing, and CLO and structured finance teams advise on and execute the most complex structures.
With dedicated teams in the major financial centres and regional hubs around the world, we provide extensive coverage for our Private Capital clients – with the largest global footprint among leading law firms. In addition to transactions, our regulatory, compliance, investigation, disputes, risk management, employment and tax teams support our clients’ need for complex strategic advice across all disciplines.
Our industry leading international client base includes all types of funds, managers and investors, from regional private equity funds to global multi-strategy managers, sovereign wealth funds, pension funds, family offices and insurance companies.
Our recent experience
Bridgepoint Group
We advised Bridgepoint and the shareholders of Element Materials Technology on the sale of Element to Temasek for a reported USD7 billion. This included the negotiation of a certain funds staple financing package.
The Carlyle Group
We advised a consortium consisting of Carlyle, JLC Infrastructure, Ullico and Ferrovial on the USD9.5bn deal to develop, construct and operate the new Terminal One at John F. Kennedy Airport in New York City.
CDPQ
We advised CDPQ on its USD5bn acquisition and financing of interests in three of DP World’s flagship assets in the UAE.
EQT
We advised the EQT Infrastructure VI fund on its EUR3.4bn acquisition of a 60 percent stake in a new company which will operate the Italian telecom provider Wind Tre's mobile and fixed network.
Macquarie Capital
We advised Macquarie Capital on its acquisition of an 85% interest in Excel Telesonic India Private Limited. Known as CloudExtel, they are a leading Indian digital infrastructure operator.
Mubadala Investment Company
We advised Mubadala on its partnership with TAQA and ADNOC under the Masdar brand.
Starwood
We advised Starwood on its financing of the acquisition by entities owned by funds managed or advised by Blackstone Inc. and its affiliates of Crown Resorts Limited, a publicly-listed Australian gaming company.
Explore our services
News and insights

News: 13 September 2023
A&O advises Zenobe Energy on investment from KKR and Infracapital
A&O has advised Zenobe Energy on its investment by KKR’s Infrastructure arm and Infracapital. Once completed, KKR and Infracapital will be joint majority owners in Zenobe.

News: 12 September 2023
Allen & Overy strengthens private capital offering with hire of partner Sophie Jermine
Allen & Overy today announces it is bolstering its private capital expertise with the hire of Sophie Jermine, who will join the London office as a partner in the Corporate practice.

News: 05 September 2023
Allen & Overy enhances Funds and Asset Management practice with partner Elaine Hughes
Allen & Overy (“A&O”) today announced that Elaine Hughes has joined the firm as a partner in its U.S. Funds and Asset Management practice based in the New York office. Elaine has over two decades of…

News: 29 August 2023
Allen & Overy advises Cheyne Capital on the financing to acquire the majority of Sereno Hotels
Allen & Overy has advised the global alternative asset manager, Cheyne Capital Management LLP, on the transaction to re-finance the acquisition of a majority stake in Sereno Hotels by an affiliate of…
Recognition
Infrastructure funds | Acting for 9 of the 10 largest global infrastructure funds and 85% of the top 25 largest global infrastructure funds as ranked by II 100 2022. |
Private debt funds | Acting for 9 of the 10 largest global private debt funds and 90% of the top 25 largest global private debt funds as ranked by PDI 100 2022. |
Private equity | Acting for 9 of the 10 largest global private equity funds and 60% of the top 25 largest global private equity funds as ranked by PEI 300 2022. |
Real estate funds | Acting for 7 of the 10 largest global real estate funds and 70% of the top 25 largest global real estate funds as ranked by PERE 100 2022. |
Sovereign wealth funds | Acting for 10 of the 10 largest sovereign wealth funds and 70% of the top 25 largest sovereign wealth funds as ranked by Sovereign Wealth Fund Institute. |
League table rankings
- No.1 Global Clean Energy by deal value (Bloomberg 2022)
- No.1 Global Infrastructure by deal number and value (Inspiratia 2022)
- No.1 Western Europe Sponsor-Backed Borrower’s Legal Counsel by deal count (and No.2 by deal value) (Debtwire 2022)
- No. 2 Western Europe Sponsor-Backed Lead Bank's Legal Counsel by deal count (and No.2 by deal value) (Debtwire 2022)
- No.3 Western Europe Leveraged Buyouts Issuer’s Legal Counsel (High Yield) by deal count (Debtwire 2022)
- No.5 Europe Private Equity by deal count and No.8 deal value (Bloomberg 2022)
- No.8 Global Private Equity by deal count (Bloomberg 2022)