David Hepp is Head of Asset Management M&A at Paul, Weiss. Hepp advises many of the largest asset management firms in the world and has a diverse corporate practice representing public and private acquirers and target companies, private equity firms, management teams and investment banks.
In addition to large-scale asset management M&A transactions, Hepp has significant experience working with investors and firms on GP stakes and other minority investments. He also advises clients on compensation structuring and retention and equity ownership arrangements for asset management and other financial services firms and their principals.
Lawdragon Honors
| Honor | Year | Practice |
|---|---|---|
| The 2027 Lawdragon 500 Leading Dealmakers | 2027 | Corporate, Asset Management M&A, Private Equity |
| The 2026 Lawdragon 500 Leading Dealmakers in America | 2026 | Corporate, Asset Management M&A, Private Equity |
| The 2025 Lawdragon 500 Leading Dealmakers in America | 2025 | Corporate, Asset Management M&A, Private Equity |
Hepp’s representations have included:
- BlackRock in its $12.55 billion acquisition of Global Infrastructure Partners
- Apollo Global Management in:
- its $1.5 billion acquisition of Bridge Investment Group Holdings
- its acquisition of Argo Infrastructure Partners
- Hall Capital Partners in its sale to Pathstone
- E*TRADE in its acquisition by Morgan Stanley in an all-stock transaction valued at $13 billion
- Affiliated Managers Group in:
- its sale of its interest in Comvest Partners’ private credit business and its interest in the AMG Comvest Senior Lending Fund joint venture, as part of the private credit business’ acquisition by Manulife Financial Corporation
- its acquisition of Parnassus Investments and Abacus Capital Group
- BlackRock in numerous transactions, including:
- the establishment of its wealth management joint venture in China with China Construction Bank and Temasek
- the combination of the Merrill Lynch investment management business with BlackRock
- Wellington Management in its acquisition of Hartford Funds from The Hartford for an estimated value of $1.9 billion
- Brinley Partners in a $4 billion commitment as part of a strategic partnership with a leading U.S. insurance company
- Fortress in its minority investment in Stronghold Investment Management Holdings
- Cetera Financial Group in its sale to Genstar Capital
- Resolute Investment Managers (a/k/a American Beacon) in numerous transactions, including:
- its acquisition of a minority interest in ARK Investment Management
- its sale of its interest in Green Harvest Asset Management and ARK Investment Management
- AMP Capital in its acquisition of a minority interest in PCCP, LLC
- Morgan Stanley in its sale of E*TRADE Advisor Services to Axos Financial
- E*TRADE in its acquisitions of OptionsHouse, Trust Company of America and the online brokerage business of Capital One and its sale of G1 Execution Services to Susquehanna International Group
- Nuveen Investments in its sale of Nuveen Investments to TIAACREF by Madison Dearborn Partners for $6.25 billion
- Citigroup in the $3.7 billion asset swap between Citigroup and Legg Mason