Fried Frank grows its asset management practice

The law firm has hired a former Morgan Stanley in-house counsel as a partner in its private funds group.

Fried, Frank, Harris, Shriver & Jacobson has hired Jason Koenig as a partner in its asset management practice.

Koenig advises on a wide range of strategies in private equity, venture and private debt. He counsels sponsors on various legal, regulatory and strategic issues, including fund structuring, fundraising, limited partner negotiations, management of funds, conflict management and carry plans.

He is based in the firm’s New York office, and joins from Simpson Thacher & Bartlett, where he was a senior counsel in the private funds practice for 10 months

Koenig previously spent 17 years at Morgan Stanley Investment Management, most recently as an executive director in legal and compliance. For seven years, Koenig simultaneously served as the global head of private fund structuring and regulation for the firm.

The firm said it is “strategically growing” its asset management practice. Koenig is the latest of several hires in the asset management group this year, including partners Russel Perkins, Philip Heimowitz, Dorothy Mehta, Rami Turayhi and Jeffrey Wolf Schatz.

He reports to Lawrence Barshay, founder and head of the firm’s asset management practice in the US, and Kenneth Rosh, head of the firm’s private equity funds group.