Fund formation
Reed Smith hires Sidley Austin's Asia fund formation leader
Reed Smith has recruited Han Ming Ho, previously co-head of the Asia investment funds practice at Sidley Austin, as a partner in its global corporate group.
SEC votes through disclosure reforms for private funds
The US Securities and Exchange Commission (SEC) has adopted new transparency rules for private equity managers requiring increased reporting, special terms disclosure, and annual fund audits.
Put a bow on it: India draws funds to GIFT City
India has created an onshore jurisdiction with offshore characteristics to lure country funds currently domiciled in Singapore and Mauritius. Does GIFT City have staying power?
Goodwin adds investment funds partner in Singapore
Goodwin Proctor has recruited Matthew Nortcliff as a partner in its investment funds practice in Singapore, adding headcount to an office that opened towards the end of last year.
Allen & Overy adds fund formation partner in Shanghai
Allen & Overy has strengthened its Asia Pacific funds and asset management group with the appointment of Daisy Qi as a partner based in Shanghai.
Clifford Chance poaches Asia funds partner from Kirkland
Clifford Chance has bolstered its Asia private funds offering with the recruitment of Liyong Xing, formerly a partner at Kirkland & Ellis.
US regulations: Coming to Asia
Newly proposed rules for private equity fundraising and reporting in the US are set to be applicable to any manager in Asia that raises US capital. Investors should be alert but not alarmed
Linklaters targets Singapore fund formation space
Linklaters has recruited Joel Seow, formerly a partner at Morgan Lewis, to launch a fund formation practice in Singapore.
Goodwin strengthens Asia fund formation team
Goodwin has recruited Phil Culhane and Elyn Xing, who previously worked together at Simpson Thacher, as Asia-based partners in its private investment funds practice.
Allen & Overy strengthens Asia fund formation capabilities
Allen & Overy has recruited James Ford from O’Melveny & Myers as a partner in its Asia Pacific funds and asset management group. He continues to be based in Hong Kong.
PE firms look to move fund management companies onshore - AVCJ Forum
Private equity investors are willing to reconsider their options regarding the location of their fund management companies even as they remain wedded to the Cayman Islands as a domicile for funds, the AVCJ Forum heard.
Asian GPs favor Singapore after Cayman as fund domicile - survey
Singapore would be the jurisdiction of choice for Asia-based private equity managers if they could no longer domicile their funds in the Cayman Islands, according to a survey by law firm Walkers.
Alternative fund structures: Alternate universe
Irregular fund structures, including single-asset platforms, are often the most appropriate inroad for investors in developing Asia. But it has taken a pandemic to bring them to the fore
Q&A: Hong Kong Monetary Authority's Anson Law
Hong Kong’s updated limited partnership ordinance came into force this week. Anson Law, a senior manager for market development at Hong Kong Monetary Authority, explains why it’s important for the territory
Lawmakers endorse Hong Kong's fund domicile ambitions
Hong Kong’s updated limited partnership legislation has passed into law, giving private equity and venture capital managers the option of domiciling their funds in the territory.
Cayman fund regulation: Marginal gains
Private equity firms that use the Cayman Islands as a fund domicile are coming to terms with the realities of registration. Is the cumulative weight of increased regulation making them consider other jurisdictions?
Ashurst hires Danny Tan as Asia investment funds head
Ashurst has recruited Danny Tan from Allen & Gledhill to lead its investment funds practice in Asia Pacific. He will continue to be based in Singapore.
MoFo adds fund formation partner in Hong Kong
Morrison & Foerster (MoFo) has bolstered its Asia fund formation capabilities with the appointment of Nicholas Sheets as a partner based in its Hong Kong office.
US tech regulation: Green card or red card?
Compliance with US regulations on foreign investment in critical technologies is forcing Chinese VC players to examine their fund structure and governance as well as their deployment strategies
In scope: Asian fund managers and Cayman
Asian private equity firms may start moving their fund management entities away from the Cayman Islands due to new economic substance requirements. Is Hong Kong ready to accept them?
Hong Kong tax: Playing catch-up
Hong Kong is introducing various initiatives intended to encourage private equity firms to bring more of their operations onshore. A failure to act may see Singapore emerge as Asia’s jurisdiction of choice
PE industry cautiously optimistic on Hong Kong tax reforms
Industry participants have praised steps taken by the Hong Kong government to make it easier for private equity firms to operate locally, while cautioning that challenges remain regarding the regulation of managers in the territory.
China Everbright sets up $288m fund with local government
China Everbright (CEL) has set up a RMB2 billion ($288.2 million) fund-of-funds with the local government of the city of Liyang in Jiangsu province.
VIDEO: Morrison & Foerster's Serena Tan
Serena Tan, a partner at Morrison & Foerster, discusses trends in private equity fundraising in China