Rachel O’Brien of Ropes Gray Leads Major Private Equity Fund Closures

What's Happening?

Rachel O’Brien, a partner at Ropes & Gray, has been instrumental in leading significant private equity fund closures. Based in Washington, DC, O’Brien has worked with industry-leading private fund sponsors, including Hamilton Lane and The Vistria Group, to achieve record-breaking fundraises. In 2024, she helped Hamilton Lane close its largest fund to date, the Hamilton Lane Secondary Fund VI, with $5.6 billion in commitments. Similarly, in 2025, she guided The Vistria Group to close its largest private equity fund, Vistria Fund V, with $3 billion in commitments. O’Brien attributes her success to building strong relationships and maintaining responsiveness and engagement with clients.

Why It's Important?

O’Brien’s achievements in private equity fund management reflect the growing complexity and competitiveness of the industry. Her ability to secure large fund commitments in a challenging fundraising environment demonstrates the importance of strategic relationship-building and client engagement. These fund closures not only highlight the strength of Ropes & Gray’s legal team but also underscore the critical role of legal advisors in navigating complex financial transactions. O’Brien’s work supports the growth and stability of private equity markets, which are vital to the broader financial ecosystem.