Ropes & Gray Named 2025 Americas Law Firm of the Year by Private Debt Investor

Rankings & Awards
March 3, 2026

Ropes & Gray has been named 2025 Americas Law Firm of the Year — Fund Formation in Private Debt Investor (PDI)'s annual awards, which celebrate the managers, institutional investors, and advisers shaping the private debt market. The recognition reflects the firm's position as a premier advisor to the world's most influential asset managers, providing strategic counsel on every facet of credit, structured finance, and direct lending fund formation and operation.

Among the notable highlights of the past year, the firm advised TPG Twin Brook Capital Partners on the closing of a $3 billion credit-focused continuation vehicle, which represents the largest completed transaction of its kind to date in the private credit secondaries market.

Ropes & Gray's exceptional track record in advising on complex and high-value credit fund formations demonstrates its leadership and influence in the market. The firm's ability to deliver creative, tailored solutions and successfully guide clients through sophisticated fund formation has set the standard for excellence in the credit fund space.

See the full list of winners.