Top Fund Formation Lawyer Peter Olds Joins Cleary Gottlieb

Cleary Gottlieb Steen & Hamilton announced today that Peter Olds, former legal director at Actis, will join the London office on February 9, 2015, as counsel.

Peter joined Actis, a private equity firm investing exclusively in Africa, Asia and Latin America, in 2009. Peter was previously a senior associate in Clifford Chance’s Private Funds Group, where he specialised in private equity, real estate and infrastructure fundraising. Prior to that, he was a senior associate at Freehills in Sydney. Peter has a Bachelor of Law with first class honours and a Bachelor of Arts with distinction from the University of Technology, Sydney.

“We are delighted to welcome Peter to the firm,” comments London Cleary Gottlieb partner Simon Jay. “He brings a fantastic wealth of knowledge and significant experience in fund establishment and operation. Peter’s appointment complements our existing strengths and reflects the growth of our practice in London.”

New York Cleary Gottlieb partner Michael Gerstenzang comments: “We are fortunate to have a funds lawyer with Peter’s depth of experience in fund formation, as well as with the numerous challenges of managing funds in an increasingly complex regulatory and commercial environment. We look forward to having Peter join our global fund formation practice, which includes senior lawyers in New York, Asia and London, and working with us to support our clients around the world.”

Peter Olds comments: “I am thrilled to join a firm of Cleary Gottlieb’s stature and outstanding client base. The firm has an outstanding international reputation in private fund formation, and I am really looking forward to taking the firm’s offering in London to the next level.”

About Cleary Gottlieb’s Fund Formation Practice

With over 20 years of legal experience in fund formation, Cleary Gottlieb has extensive experience in forming private equity funds, many with sophisticated structures attracting multi-billion dollar commitments. The firm’s fund group is comprised of four partners, one counsel, four senior attorneys and 30 associates based in New York, London and Hong Kong. The group has extensive experience in structuring and negotiating funds with an international focus and international investor base, advising on club deal and co-investment arrangements, advising on strategic minority investments in fund managers, and representing limited partners in their investments in private equity, real estate and hedge funds. The group also has extensive experience in fund banking facilities and capital call facilities, as well as upper-tier structuring, including GP governance, carry arrangements and fund professional compensation plans.

About Cleary Gottlieb Steen & Hamilton LLP

A leading international law firm with 16 offices located in major financial centers around the world, Cleary Gottlieb Steen & Hamilton LLP has helped shape the globalization of the legal profession for more than 65 years. Our worldwide practice has a proven track record for innovation and providing work of the highest quality to meet the needs of our domestic and international clients.