Alex Kelly, Owen Alexander, Vi Thai Tran, Edward Brennan, Saba Yasmin, Aubrey Steiger, Sarah Gadd, Catherine Drinnan, Paul Lawrence, Deborah Kirk, Ianthe Fry, Rob Moulton, James McCrory, Laura Ferrell, Helen Lethaby, Ed Moberly
January 24, 2026
Latham & Watkins Advises Azimut Alternative Capital Partners in Acquisition of a Minority Interest in RoundShield
1 min
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- Azimut Group, through its US subsidiaries Azimut Alternative Capital Partners, LLC and AACP Investments, LLC, has agreed to acquire a minority equity interest in RoundShield Partners and related entities, a European special opportunities investment firm
- The Eversource Energy Retirement Plan participated via a capital commitment to an AACP-managed fund
- Following this transaction, AACP affiliates manage US$16 billion in Private Markets AuM
- Latham & Watkins LLP advised AACP on the deal.
Azimut Group, one of Europe’s largest independent asset managers with ca. €81 billion in Total AuM, via entities affiliated with its US subsidiaries Azimut Alternative Capital Partners, LLC and AACP Investments, LLC (together, "AACP”), has entered into agreements to acquire a minority equity interest in RoundShield Partners and certain affiliated entities, a leading European special opportunities investment firm with offices in Jersey, London, Geneva, Madrid, Paris, and Luxembourg. The Eversource Energy Retirement Plan, AACP’s first strategic limited partner, also participated in the transaction through their capital commitment to an investment fund managed by AACP. Inclusive of this new transaction, total Private Markets AuM managed by AACP affiliates is now US$16 billion (ca. US$3 billion pro-rata for AACP). Latham & Watkins LLP represented AACP in the transaction with a corporate deal team led by New York partner Alex Kelly and Chicago partner Owen Alexander, with associates Vi Thai Tran, Edward Brennan, Saba Yasmin, and Aubrey Steiger. Advice was also provided on benefits and compensation matters by London partners Sarah Gadd and Catherine Drinnan, with associate Paul Lawrence; on data privacy and intellectual property matters by London partner Deborah Kirk, with associate Ianthe Fry; on UK investment funds and regulatory matters by London partners Rob Moulton and James McCrory; on US investment funds regulatory matters by Chicago partner Laura Ferrell; and on tax matters by London partner Helen Lethaby, with associate Ed Moberly.~~
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Alex Kelly, Owen Alexander, Vi Thai Tran, Edward Brennan, Saba Yasmin, Aubrey Steiger, Sarah Gadd, Catherine Drinnan, Paul Lawrence, Deborah Kirk, Ianthe Fry, Rob Moulton, James McCrory, Laura Ferrell, Helen Lethaby, Ed Moberly
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