Back to News
Podcasts

Drinks With The Deal: Dechert's Ken Young

By David Marcus
|
Published: August 6th, 2020
Dechert's Ken Young discusses how PE firms have diversified, the challenges of partner development and his recent deals.

Kenneth Young started practicing at Dechert LLP in 2006, as private equity firms were starting to become asset managers, a designation they had previously avoided, and one that involves considerable legal and regulatory complexity. His timing turned out to be perfect. The next year, Adam Smith, with whom Young practiced as an associate at Simpson Thacher & Bartlett LLP, joined KKR & Co. (KKR). Smith was tasked with diversifying KKR’s product offerings, and Young spent the next six months helping him form Corporate Capital Trust Inc. (now FS KKR), KKR’s foray into direct lending and business development corporations, Young said on this week’s Drinks With The Deal podcast.

That expertise proved valuable in the downturn of 2007 to 2009, when private equity firms developed a range of similar structures to expand their investment options well beyond buyouts. Smith now heads KKR’s capital markets group, while Young became a partner at Dechert in 2011 and now co-heads its private equity group. He works on a range of PE transactions; over the last year, he’s advised Court Square Capital Partners LP on its agreement to sell Conterra Ultra Broadband Holdings Inc. to Fiera Infrastructure Inc. and APG Groep NV; Blackstone Group Inc.’s (BX) Tactical Opportunities Group on its investment in ConnectiveRX; and KKR on the launch of its Credit Opportunities Fund.

Young also oversees Dechert’s partner development program. “At law firms, you’re partially a scholar, you’re partially a salesperson, you’re partially a negotiator, you’re partially a manager. The people who are most successful need to be given the space to figure out which of those they excel at, and then the firm has to react by finding the place where those line up with its needs.”

More podcasts from The Deal are available on iTunes, Spotify, SoundCloud and on TheDeal.com.

More From Podcasts

Podcasts

Drinks With The Deal: Author Marc Levinson

By David Marcus
|
Published: September 17th, 2020
Marc Levinson discusses his new book, "Outside the Box," a study of the history and current state of the globalization of the economy, in the latest edition of the Drinks With The Deal podcast.
Mergers & Acquisitions

T-Mobile/Sprint: Building the Strategy for an 'Unwinnable Case'

By Tom Terrarosa
|
Published: September 11th, 2020
In part one of The Deal’s podcast series in partnership with Cleary Gottlieb, T-Mobile and its advisers discuss the strategy to navigate the company's blockbuster deal with Sprint.
Activism

Activist Investing Today: Columbia’s Ogawa on Abe, Toshiba

By Ronald Orol
|
Published: September 9th, 2020
The director of the Center on Japanese Economy and Business at Columbia Business School says it will take some time to determine the legacy of outgoing Japan Prime Minister Shinzo Abe on governance and corporate stewardship.