Last September, Partners Group CEO David Layton made international headlines when he told the Financial Times that the world’s 11,000 private equity fund managers would consolidate into as few as 100 fund managers over the next decade.

But the underlying trend wasn’t news to Daniel Lavon-Krein, a partner in the investment funds group of Kirkland & Ellis and a member of the firm’s executive committee. In fact, Lavon-Krein is on a shortlist of attorneys who asset managers call when they want to sell part or all of their business.