Fried Frank expands PE practice

The New York law firm hired Ian Schwartz to focus on private equity fund formation and legal operations.

Ian Schwartz has joined Fried, Frank, Harris, Shriver & Jacobson as a corporate partner in the law firm’s private equity funds group in New York.

Schwartz focuses his practice on the formation and operation of private equity funds, said a spokesperson. The partner position was added because of growth in the private equity sector of the firm, the spokesperson said.

“Our private equity funds practice continues to see significant growth, especially from our institutional client base,” said Kenneth Rosh, corporate partner and head of Fried Frank's private equity funds group, in a statement.

Schwartz joined Fried Frank from Kirkland & Ellis where he was a partner in the private funds group. Prior to Kirkland, he worked as an associate at Cravath, Swaine & Moore and Simpson Thacher & Bartlett.

Separately, Ashurst hired former Fried Frank partner Damian Ridealgh as a partner in its global finance practice. Ridealgh represents private equity firms and investment banks, in acquisitions, leveraged buy-outs, fund financing, real estate financing and asset-based loans.

Ridealgh had been a partner in Fried Frank’s corporate and financing practices since 2007.