Business Law and Corporate Law

The GP-led secondary, in which a GP transfers one or more assets from an existing fund into a new vehicle, giving incumbent LPs the option to roll their stakes into the new vehicle or take cash, has become one of the most-used alternative liquidity routes utilized by GPs.

Ropes & Gray – in conjunction with leading law firms across Europe – has published a new update of its monthly CSRD Transposition Tracker.

In many ways, the Securities and Exchange Commission's (SEC or Commission) Fiscal Year 2026 Examination Priorities (Priorities), published on 17 November 2025 by the Division of Examinations (Division), track the priorities of prior years, making clear that the Commission remains focused, as ever, on monitoring for risks to the investing public.