Akin Gump Strauss Hauer & Feld is continuing to expand its investment funds practice in New York with the addition of Terence Rozier-Byrd from Baker Botts.
Rozier-Byrd, who recently served as partner in charge of Baker Botts’ New York office, works with fund sponsors in the formation and operation of private equity funds, venture capital funds, growth equity funds and hedge funds.
He also represents wide variety of institutional investors in connection with their investments in private equity funds, venture capital funds, hedge funds, energy funds and hybrid funds. He also handles the negotiation of separately managed account arrangements, co-investments, direct venture capital and growth equity investments and secondary transactions.
Rozier-Byrd becomes the third partner to join Akin Gump’s investment management practice in New York in recent months. In April, the firm added Schulte Roth & Zabel partner Brian Daley, and last week Akin Gump picked up John Hamilton from Stradley Ronon Stevens & Young.
Rozier-Byrd said during the pandemic he took an introspective look as to where his practice was and where he wanted it to go. “I came into this year not contemplating a move at all but, here I am and I think it’s an opportunity that I couldn’t pass up,” Rozier-Byrd said.
He said he was drawn to Akin Gump’s global funds platform, which will help him improve services for current clients and “pursue client relationships outside of the scope of what I was currently able to do.”
At Baker Botts, which Rozier-Byrd joined in 2007 from Brown Rudnick, he served as hiring partner in its New York office as well as on committees including investment, emerging company and venture capital. He was also deputy chair of the Baker Botts African-American Affinity Group.
Richard Harper, chair of Baker Botts’ New York litigation group, now heads the firm’s New York office.
Rozier-Byrd “is a terrific addition,” said Akin Gump chairperson Kim Koopersmith in a statement.
“He is a valued leader who immediately enhances our investor representation, secondaries and fund formation work—all areas of particular strength for us,” she said.
As the firm continues its growth in the investment funds space, Rozier-Byrd “represents an ideal fit,” said Prakash Mehta, co-head of Akin Gump’s investment management practice, in a statement.
“He brings deep experience across the funds industry, particularly in investor-side representations, and a substantial track record in the domestic private equity market that our clients will find exceedingly valuable,” Mehta said.
In addition to its recent hires in New York, Akin Gump has also expanded its bench elsewhere in the U.S. In Texas, the firm added Wesley Williams, former leader of Thompson & Knight’s corporate and securities practice, and Jessica Hammons in Dallas and Fort Worth as well as corporate partners Jesse Betts and Cole Bredthauer, who served as leader of Thompson & Knight’s Fort Worth office.
The firm also picked up Michael Vernick, head of Hogan Lovells’ government contracts practice group, in Washington.