Formation of the first RMB-denominated private equity fund by Blackstone in China.
Successful completion of the AMAC registration of Bridgewater’s WFOE private fund manager (“PFM”) and formation of its first RMB-denominated “all-weather” hedge fund.
Formation of the first and second RMB-denominated private equity funds by Carlyle in China.
Formation of the first RMB Fund and a Qualified Foreign Limited Partnership (“QFLP”) Fund by Goldman Sachs in China.
Formation of a RMB-denominated FoF and a QFLP fund in China by P. Morgan and BSCOMC as co-sponsors.
Procurement of RMB Qualified Foreign Institutional Investor (“RQFII”) qualification and formation of a RQFII Fund by KKR.
Formation of the first and second RMB-denominated private equity funds by Morgan Stanley in China.
Formation of the first QFLP fund by TPG in Shanghai and a RMB-denominated parallel fund structure in Chongqing and Shanghai.
Formation of a QFLP fund targeting investment opportunities in long-term rental apartment field by Warburg Pincus and an SOE co-sponsor.
Formation of the first, second and third RMB-denominated private equity funds by Boyu Capital.
Formation of a logistics and warehousing fund by Cainiao, the first RMB-denominated “core” fund in China.
Formation of the first and second RMB-denominated private equity funds and various co-investment funds by CITIC Capital.
Formation of the first and second RMB-denominated private equity funds by Hony Capital and various industry-specific or project-specific investment funds.
Formation of a series of co-investment funds by Hopu Investmentin connection with the acquisition of Global Logistics Properties Limited. The deal is one of the largest-ever private equity buyouts of an Asian company.
Formation of the first, second and third RMB-denominated private equity funds and various single-project funds and co-investment funds by Primavera Capital.
Advised the Blackstone Group on its acquisition of a passive minority stake in PAG, a leading Asia-focused alternative investment firm, via its GP-stake fund (Strategic Capital Holdings Fund).
Advised on the PRC legal and regulatory matters in connection with the merger of BrookfieldAsset Management Inc. and Oaktree Capital Group, LLC, creating the largest publicly traded alternative investment manager.
Represented China Cheng Tong Holdings Group Ltd. on the structuring and formation of a state-level private equity fund focusing on SOE restructuring opportunities, with a target size of RMB200 billion and the commitment (as of the first closing) of RMB70.7 billion, making it one of the largest funds in the market by fund size.
Advised Oaktree on structuring and establishing a QDLP fund manager and a QDLP fund in Beijing, making it the first international fund manager approved under the newly promulgated Beijing QDLP program.
Represented Power Corporation of Canada on establishing a WFOE manager and securing a PFM license from AMAC, making it the first to complete a PFM registration in accordance with the new AMAC regulation promulgated in February 2020.
Represented GGV Capital, a global venture capital firm, on the closing of RMB3 billion in total capital commitments for its second RMB flagship fund.
Represented Buhuo Venture Capital, a Beijing-based venture capital firm, in connection with a GP-led restructuring involving the portfolios of an existing RMB fund and a newly formed USD fund with leading international FOF investors. With a deal value of US$100 million, this is one of the first yuan-to-dollar GP-led restructuring deals in the market.