Fun Firm Facts
The number of lawyers who joined the PE Industry Group since the 2025 Partner Retreat.
What is 25?
This term describes the share of fund profits, typically 20%, paid to the general partner once investors clear the preferred return.
What is carried interest (or “carry”)?
This was the only shared PE client between Troutman Pepper and Locke Lord pre-2025 merger.
What is RFE?
This partner owns a ranch and has miniature ponies.
Who is Jennie Simmons?
The number of lawyers at Troutman Pepper Locke.
What is 1600?
This (new since our last partner retreat) PE IG leader is also in a band.
Who is Jeremy Levy?
Buyers in sponsor-backed deals often buy this kind of insurance, which shifts much of the risk of seller breaches away from the seller’s indemnity.
What is R&W insurance (representations and warranties insurance)?
We represented this client in the 2025 sale of its interest in Matterhorn Express Pipeline, a 580-mile intrastate pipeline transporting natural gas from the Permian Basin to the Katy area near Houston, Texas.
What is Ridgemont Equity Partners?
This partner played professional tennis before law school. She was a junior singles finalist at the 1988 French Open and was also the junior runner-up at the 1989 Australian Open.
Who is Andrea Farley?
This recent lateral partner has Super Mario-themed WWII propaganda hanging in his office.
Who is Reed Balmer?
Famous Tech Deal: In 2013, this computer maker was taken private by its founder and Silver Lake in a deal worth roughly $25 billion.
What is Dell?
Its name sounds like a Michigan suburb, but this private equity firm is headquartered in Greenwich, Connecticut.
What is Southfield Capital?
This partner was an NPR radio producer before joining the firm.
Who is Stephanie Pindyck Costantino?
The year Athena, our firm AI assistant, was launched.
What is 2023?
This two-word term refers to committed capital that funds have raised but not yet invested, and the industry total is in the trillions.
What is dry powder?
This firm is the private equity arm of Rothschild & Co, and its name comes from the family emblem representing the five sons of Mayer Amschel Rothschild.
What is Five Arrows Capital?
This partner was on the Charlotte Motor Speedway pedestrian bridge in 2000 when it collapsed in one of the biggest disasters in NASCAR history.
Who is Alec Watson?
Fun Fact about Jennifer
Who is Jennifer Gulloti East?
When exits are slow, sponsors increasingly move trophy assets into these GP-led vehicles, letting existing investors either cash out or roll.
What are continuation funds (or continuation vehicles)?
A former Carlyle real estate executive, Michael Gershenson, launched this RE PE firm (and Troutman Pepper Locke client) in 2022.
What is Ridge Real Estate Partners?