S14EP3: Heathrow to Detail Multibillion Pound Third Runway Plans; Companies Buy Crypto to Boost Valuations; and PE Funds Turn to Continuation Funds to Keep the Liquidity Tap Running

Welcome back to The Firm Analyst! In this episode, we discussed the following topics:Heathrow’s Third Runway: With a price tag reported to be pushing £50bn and the M25 potentially in its path, we unpack the legal complexities of building one of the UK’s most ambitious infrastructure projects — from project financing and land purchases to government concessions and risk allocation.Crypto on the Balance Sheet: Companies are loading up on crypto to drive valuations sky-high — but what happens when regulators, lenders, and securities lawyers get involved? We explore the rise of crypto-backed deals, token-linked bonds, and the evolving legal infrastructure behind digital asset plays.Private Equity’s New Playbook: As dealmaking slows and exits stall, PE funds are tapping NAV loans and continuation funds to keep capital flowing. We break down how law firms are helping GPs navigate fund extensions, tax structuring, and LP negotiations in a high-rate world.📢 Tune in for a deep dive into the legal mechanics powering today’s boldest business moves.