Kirkland & Ellis has promoted to partner a London-based lawyer who will lead the firm's European secondaries operations, pfm has learned.
Theodore (Ted) Cardos, who joined Kirkland as an investment funds associate in September last year, will concentrate on growing and developing the firm’s European team. Cardos's clients include HarbourVest Partners, Landmark Partners, Partners Group, Deutsche Bank, Ontario Teachers’ Pension Plan and Abu Dhabi Investment Council.
“Kirkland hired Ted a little over a year ago as part of the firm’s build-out of a dedicated secondaries team in both Europe and Asia, which, together with our US secondaries practice, positions Kirkland as the global market leader in the secondaries space,” said Michael Belsley, who leads Kirkland’s secondaries market practice globally.
Prior to Kirkland, Cardos spent four years at Debevoise & Plimpton where he focused on structuring, negotiating and documenting transactions in the private funds secondaries market, including traditional portfolio sales, structured secondaries, synthetic secondaries, stapled secondaries offerings, and fund recapitalizations.
In addition, he advises private funds in connection with direct co-investments and other transactional matters.
Cardos’s promotion is part of the latest round of promotions made by the firm globally.