Ropes & Gray added four counsels to the firm’s Chicago office. They are:•David J. Axelson guides private equity sponsors, portfolio companies and corporate borrowers in leveraged finance transactions including acquisition financings, buyouts, recapitalizations and asset-based credit facilities. He focuses on transactions in the large-cap and middle-market space.•Anne Fox represents private funds — including hedge funds and real estate funds — and investment advisers in transactional …