‘Always willing to go the extra mile’, Baker McKenzie Wong & Leow represents funds managers and institutional investors on the gamut of fund formation, structuring and regulatory mandates, showcasing demonstrable expertise in the formation of real estate funds, in addition to private equity and venture capital funds. Counting venture capital funds and corporate venture capital investors in Southeast Asia among his key roster of clients, Kelvin Poa jointly leads the team alongside ‘critical thinker’ Derek Kwan, who stands out for his experience in private real estate funds formation matters. Assisting clients with the establishment of closed-end funds and private investment vehicles, Jens Carle is another key contact in the group.
Investment funds: foreign firms in Singapore
Baker McKenzie Wong & Leow
Responsables de la pratique:
Kelvin Poa; Derek Kwan
Autres avocats clés:
Jens Carle; Wei Sheng Lau
Les références
‘The team is very strong technically, and are able to come up with creative solutions quickly and deliver on their work and services efficiently. They are always ready to discuss potential issues and complexities and go the extra mile to understand the needs of the business in order to deliver better services.’
‘Jens Carle and Derek Kwan are the brains and driving force behind the practice. They are able to quickly come up with neat and simple solutions to complex problems and explain it in simple and plain terms. This makes working with the team very seamless and they make complex issues seem like routine business.’
‘The Bakers team bridges the gap between law and commercial considerations, and is always willing to go the extra mile in order to find a way to make things work. It is all down, as always with the profession, to the people that we work with and they remain excellent and commercial.’
Principaux clients
ESR Group
Vertex Ventures
Sime Darby Property
Gaw Capital Partners
Keppel Fund Management
Godrej Fund Management
Eastbridge Partners
Gateway Partners
500 Global
Adams Street Partners
Kumpulan Wang Persaraan (Diperbadankan) (KWAP)
Siam Commercial Bank, together with SCB 10X
Principaux dossiers
- Acting as international and Singapore counsel to ESR Group in the formation of ESR Data Centre Fund I, ESR’s first data centre-focused private fund.
- Acting as international, Hong Kong and Singapore counsel to Gaw Capital on the structuring and formation of Gateway Real Estate Fund VII (GREF VII), a closed-ended private equity real estate fund. GREF VII (together with its related investment vehicles) raised a total of USD3 billion.
- Acting as international, Singapore and tax counsel to Vertex Ventures in the formation of Vertex Master Fund III, a venture capital fund-of-funds targeting to raise a total of USD1.156 billion, which will make anchor investments into the latest series of venture capital funds advised by Vertex’s global network of fund managers.
Clifford Chance
The practice at Clifford Chance counts regional and international fund managers, sovereign wealth funds and other institutional investors among its key roster of clients, showcasing demonstrable expertise in private funds, as well as domestic and foreign retail funds in Singapore and funds-related regulatory mandates. US-qualified Kai-Niklas Schneider advises on the formation of and investment in private equity funds, real estate funds, infrastructure funds and credit funds, while Daryl Liu handles primary fundraisings, fund secondaries and restructurings, fund investments, co-investments and advisory matters. Schneider and Liu jointly lead the team alongside Hong Kong-based Matthias Feldmann. Other key contacts in the group include Luke Chen and Chloe Cheng.
Responsables de la pratique:
Kai-Niklas Schneider; Daryl Liu; Matthias Feldmann
Autres avocats clés:
Luke Chen; Chloe Cheng
Principaux clients
Keppel Capital Alternative Asset Pte. Ltd.
LOGOS
Offset8 Capital Limited
MEC Global Partners Asia Pte. Ltd.
Disciplina Asia Fund
Schroders, DWS, Credit Suisse, PIMCO, State Street, HSBC, Morgan Stanley, Quilter Investors, Optimas, BNY Mellonand UBS
Principaux dossiers
- Advising Keppel Capital on the formation of a US$2.5 billion (target) Keppel Core Infrastructure Fund (KCIF), an open-ended, evergreen fund focused on core infrastructure, which held its first closing on 9 October 2023 with initial capital and co-investment commitments of US$575 million.
- Advised Keppel Capital in relation to the revision of a strategic cooperation agreement with NHIS Investment & Securities Co., Ltd.
- Advised LOGOS on the formation of the open-ended fund branded Pan Asia Core+Venture (PACV), which held its first closing on 18 August 2022 totaling US$250 million inequity commitments with investments from leading institutional partners from the United States and Germany.
Dechert
Praised for its ‘quick, efficient and high quality service’, the ‘client-oriented and solution-driven’ practice at Dechert showcases stellar expertise in private funds, including private equity and private credit funds, with additional experience in fund secondaries and restructurings, and ESG-related fund products. Dean Collins leads the team and on the structuring and establishment of private equity investment funds, secondary transactions, carried interest and co-investment plans, team spin-outs and co-investments, while ‘knowledgeable and commercial’ Thomas Kim acts for private equity, venture capital and other alternative fund managers on the structuring and establishment of investment funds.
Responsables de la pratique:
Dean Collins
Autres avocats clés:
Thomas Kim; Jastine Yew
Les références
‘Good attention to detail, knowledgeable and able to work across different jurisdictions to formulate bespoke structuring solutions.’
The team is responsive and can manage different stakeholder requirements.’
‘Thomas Kim is knowledgeable and commercial, has good business acumen and great stakeholder management skills.’
Principaux clients
Capital Square Partners Management Pte Ltd
Dymon Asia Private Equity (Singapore) Pte Ltd
Clime Capital
Primavera Capital
Silkroad Property Partners
Openspace Ventures
Genesis Alternative Ventures
KV Asia Capital
The Sylvan Group
Panthera Growth Partners
Everbridge Partners Pte. Ltd.
Principaux dossiers
- Acting as lead counsel to Clime Capital with respect to the first close of its second fund, South East Asia Clean Energy Fund II (SEACEF II), which received US$127 million in commitments.
- Assisting Tikehau Investment Management Asia with its joint Asia Pacific private credit fund launch with UOB-Kay Huan.
- Assisted Silk Road in connection with its sale of its fund management platform to HSBC Asset Management.
Gibson Dunn
Regional and international fund sponsors and investors turn to Gibson Dunn for its stellar expertise in high-end fundraisings, GP-led secondary fund transactions and debut fundraises, in addition to advising fund sponsors targeting institutional investors on the formation of Singapore VCCs. The team, which is well-placed to collaborate with the firm’s offices in Hong Kong and the US, is led by ‘market-leading veteran of the industry’ John Fadely, who acts for well-established and first-time fund sponsors on the establishment and structuring of funds platforms, with additional experience in forming funds investing throughout Asian markets. Xuanyi Liu, who advises on GP-led secondaries in China, India, Japan, Korea and Southeast Asia, is another key contact in the group.
Responsables de la pratique:
John Fadely
Autres avocats clés:
Xuanyi Liu
Les références
‘Strong experience in fund formation.’
‘The team is professional and experienced.’
‘The team is well known for their market expertise and ability to operate at the highest levels.’
Principaux clients
ADV Partners
AGIC Capital
Anchor Equity Partners
Asia Partners
BAI Capital
Boyu Capital
C2 Capital Partners
Capital Today Group
Carbide Ventures Management
CDIB Capital
CLSA Capital Partners
Crescendo Equity Partners
DCL Investments
DCP Capital
East Ventures
EQT Exeter
Elliott Management
Falcon House Partners
Glenwood Private Equity
Global Infrastructure Partners
Hahn & Company
Hereditas Capital
IMM Investment
JP Morgan Asset Management
Legend Capital
Lupa Systems
Lupin Capital
Maison Capital
Neuberger Berman
PAG
Republic Asia
Starcrest Capital Partners
Temasek
The Longreach Group
Trustar Capital Partners (formerly CITIC Capital)
Trustbridge Partners
Akin
Akin’s ‘dedicated and knowledgeable’ team in Singapore is well-placed to collaborate with the firm's offices globally, servicing institutional asset managers, established and emerging private equity fund managers, new entrants and sovereign wealth funds, particularly in Asia and the Middle East, in addition to private equity fund sponsors in India. Olivia Chung maintains a leading hedge funds practice, handling the formation of tailored funds-of-one, negotiating Separate Managed Accounts (SMAs), and investments into funds, with additional experience in the formation of closed-end private funds, including private credit funds, private equity funds, and real estate funds. Chung jointly leads the team alongside John Holton, who relocated to Singapore in November 2023 and is noted for his expertise in the launching of private funds.
Responsables de la pratique:
Olivia Chung; John Holton
Autres avocats clés:
Jordan Tsen
Les références
‘Akin Gump has been a trusted partner for many years. Their team is dedicated and knowledgeable, and despite time differences, they always makes themselves available. They provide comprehensive support on the most basic to most complex matters.’
‘Olivia Chung and Jordan Tsen are exceptional partners.’
Jones Day
Jones Day counts regional and international alternative investment fund managers, sponsors and investors among its key roster of clients, advising on the formation and management of technology and infrastructure funds, with notable expertise in the formation of real estate funds. Dennis Barsky leads the team in Singapore and represents sponsors and investors in the formation of private equity funds, hedge funds and real estate funds, while Zack Oswald acts for institutional investors in their investments into funds, in addition to assisting fund sponsors with co-investments and secondary transactions. Ben Witherall splits his time between the firm's Singapore and London offices.
Responsables de la pratique:
Dennis Barsky
Autres avocats clés:
Zack Oswald; Ben Witherall
Principaux clients
ARA Asset Management Limited
Asia Capital Real Estate Limited
CBRE Investment Management
Gaw Capital Partners
Greystar Real Estate Partners, LLC
Macquarie Capital (USA) Inc.
OMERS Administration Corporation
Oxford Properties Group Limited
Pantheon Ventures
Stonepeak Infrastructure Partners
Adams Street Partners
Azalea Investment Management
Khazanah Nasional Berhad
King & Wood Mallesons
The practice at King & Wood Mallesons ‘consistently provides timely and accurate advice’ on cross-border fundraising mandates, with a strong focus on infrastructure, real estate and private equity funds and investment structures. Will McCosker leads the team and specialises in open-ended and closed-ended funds, including hedge funds, private equity funds, infrastructure funds and ETFs, while Indraneil Ghosh acts for GPs and cornerstone investors, including sovereign wealth funds, fund of fund investors and pension funds, on the establishment of private investment funds. Emily Travers-Jones is another key contact in the group.
Responsables de la pratique:
Will McCosker
Autres avocats clés:
Indraneil Ghosh; Emily Travers-Jones
Les références
‘The KWM Singapore team have impressed us with their deep knowledge of fund formation across multiple jurisdictions. The breadth of the team across legal specialisations is impressive and they consistently meet their promises.’
‘A standout feature is the team’s knowledge and understanding of the market and current trends, as well as the consistent service level that they maintain when working with us. They are also brilliant with resourcing – they have a great team to draw on across various offices and time zones, with each team member knowing and understanding our bespoke needs as an organisation.’
‘The team are excellent to work with, and consistently provides timely and accurate advice.’
Principaux clients
Macquarie Real Estate Partnership (MREP)
Hale Capital Partners
Macquarie Asset Management
Principaux dossiers
- Advising Macquarie Asset Management (MAM) on the establishment of a flagship global real estate fund focussing on investment in opportunistic real estate investments.
- Acted as lead fund formation counsel for Hale Capital Partners, an Asia Pacific based industrial real estate developer, manager and advisor in relation to the establishment of a strategic investment fund with Oxford Properties and Warburg Pincus.
- Advising Macquarie Asset Management (MAM), as lead counsel, on the establishment of an investment platform which will invest in electric vehicles and electric vehicle infrastructure in India.
Linklaters
Praised for its ‘remarkable dedication’, Linklaters represents sponsors in Asia on the establishment of private investment funds, including private equity, venture capital, real estate, infrastructure, hedge and special situations funds, with additional experience in ESG-related funds and sustainable strategies. Commended as ‘one of the most knowledgeable funds lawyers in Singapore’, Joel Seow leads the practice and maintains an enviable track record in the structuring, establishment and management of private investment funds. Seow is regularly supported by Kylee Zhu, who is noted for her expertise in hedge, private equity and mutual funds.
Responsables de la pratique:
Joel Seow
Autres avocats clés:
Kylee Zhu
Les références
‘Communication with the team has been excellent. The team has a great eye to detail and remarkable dedication.’
‘Joel Seow is one of the most knowledgeable fund lawyers in all of Singapore. He is the type of lawyer clients follow from firm to firm. Kylee Zhou is always cheerful and knowledgeable too.’
‘The team led by Joel Seow has managed projects, both big and small ones, efficiently and on time. Prompt and responsive.’
Sidley Austin LLP
The team at Sidley Austin LLP in Singapore is well-placed to collaborate with the firm's offices in Hong Kong, Beijing, Shanghai, Tokyo and Sydney on fund formation mandates, showcasing notable expertise in private equity funds and hedge funds. Based in Hong Kong, Effie Vasilopoulos leads the APAC investment funds group. Key contacts on the ground include Josephine Law, who focuses on registered fund transactions and regulatory matters, and Patrick Liu, whose relocation to Singapore strengthens the team's private equity fund formation offering.
Responsables de la pratique:
Effie Vasilopoulos
Autres avocats clés:
Josephine Law; Patrick Liu
Principaux clients
EQT
UBS
BlackRock
Loyal Valley Capital
Stonepeak Investment Advisors
Proterra Investment Partners
Dymon Asia Capital
AllianceBernstein
Verition Fund Management
Pacific Eagle Group
PAG
PIMCO
Oxbow Capital Management
King Street Capital Management
Point72
Investcorp
Citadel
Simmons & Simmons
Simmons & Simmons counts global asset managers, hedge funds in Europe and the US, private fund managers and institutional investors among its key roster of clients, showcasing demonstrable expertise in hedge funds, private equity funds, digital assets funds, retail funds, and exchange-traded funds. Jek-Aun Long, who stands out for his experience in private and retail funds, jointly leads the practice alongside Benedict Tan, who assists on the the launch of onshore and offshore open-ended and closed-end collective investment schemes. Other key contacts in the group include Joshua Heng and Melvin Ng.
Responsables de la pratique:
Jek-Aun Long; Benedict Tan
Autres avocats clés:
Joshua Heng; Melvin Ng
Principaux clients
DBS Bank Ltd.
BlackRock Index Selection Fund
BlackRock Fixed Income Dublin Funds plc
BlackRock Global Funds
BlackRock Strategic Funds
BlackRock Funds I ICAV
BNY Mellon Global Funds, plc
RAMS Investment Unit Trust
Ninety One Global Strategy Fund
Lion Global Investors Limited
Foord Asset Management (Singapore) Pte. Limited
CSOP Asset Management Pte. Ltd.
Phillip Capital Management (S) Ltd
BlackRock Singapore Limited
Wellington Management Funds (Luxembourg) III SICAV
UBS Asset Management (Singapore) Ltd
Mirae Asset Global Investments ( Hong Kong) Limited
Principaux dossiers
- Assisted Blackrock (Singapore) with the establishment and listing of the iShares MSCI Asia ex-Japan Climate Action ETF.
- Assisted CSOP Asset Management with the establishment and listing of the CSOP Huatai-Pine Bridge SSE Dividend ETF on the SGX.
- Provided strategic counsel to UBS Asset Management on the launch of its first live pilot of a tokenised Variable Capital Company (VCC) fund.
Ashurst ADTLaw
Praised as ‘efficient, responsive, and commercially focused’, Ashurst ADTLaw advises fund sponsors across a range of investment strategies, including private equity, venture capital, real estate, infrastructure and hedge funds, with additional experience in advising institutional investors on fund investments. ‘Knowledgeable’ Danny Tan leads the team and stands out for his expertise in fund formation and restructuring, in addition to fund investments and regulatory mandates.
Responsables de la pratique:
Danny Tan
Les références
‘I am very happy with the services provided by Danny Tan and his team. He is able to create solutions for legal issues and the turnaround time is prompt.’
‘Danny Tan is knowledgeable and thoughtful. He has worked with a wide range of funds such as ours and this hands-on practical experience means he was able to help us navigate a range of issues.’
‘Efficient, responsive, and commercially focused.’
Principaux dossiers
- Acted for Mars Growth Capital on the establishment of their first equity fund, Dragon Fund I, with an initial limited partner commitment of up to US$500 million.
Cooley LLP
Well-placed to collaborate the firm’s offices elsewhere, namely Hong Kong, the team at Cooley LLP in Singapore is noted for its expertise in private equity, venture capital and growth equity fund formation in South and Southeast Asia. Sean Murphy spearheads the investment funds offering in Singapore and focuses on the formation and operation of private funds across venture capital, growth equity, buy-out, special situations, real estate and infrastructure strategies.
Responsables de la pratique:
Sean Murphy
Autres avocats clés:
Kepei Miao
Principaux clients
Foxmont Capital Partners
Argor Capital
AC Ventures
DSG Consumer Partners
Pavilion Capital
True Light Investments
Yunqi Partners (Spring Rock Capital Management)
Temasek Capital Management
Good Startup
ChrysCapital
Alpha JWC
Southeast Asia Exponential Ventures (SeaX Ventures)
Stakeboat Capital
Eclectic
Principaux dossiers
- Advised ChrysCapital, a top India-focused private equity firm, on the close of its oversubscribed US$700 million continuation fund with two secondary fund investors and simultaneous sale and purchase of a stake in the National Stock Exchange of India (NSE) from ChrysCapital’s Fund VI.
- Advised Argor Capital Management, a Southeast Asia-focused fund backed by GoTo, on their US$240 million second fund.
- Advised Jakarta-based AC Ventures, an early-stage tech venture fund focused on Indonesia’s digital disruptors, on their US$200-210 million funding the final close of its fifth fund.
Goodwin
Representing fund managers, first-time funds, spin-out managers and joint-venture GPs, the practice at Goodwin showcases demonstrable expertise in private equity, venture capital, real estate, infrastructure and credit funds. Chair of the firm's Singapore office, Gregory Barclay leads the team and has considerable experience in structuring and establishing international private investment funds. Matthew Nortcliff’s ‘in-depth, comprehensive knowledge of investment funds is exceptional’, and Manish Ranjan’s ‘turnaround is lightening fast with no compromises on the quality of output’.
Responsables de la pratique:
Gregory Barclay
Autres avocats clés:
Matthew Nortcliff; Manish Ranjan
Les références
‘Matthew Northcliff’s in-depth, comprehensive knowledge of investment funds is exceptional. His legal skillsets are first-class and he deploys a practical commercial approach to finding legal solutions to every problem.’
‘Their knowledge of regional nuances and practices is fantastic. This combined with their global legal expertise makes Goodwin stand apart from their peers.’
‘Manish Ranjan and Gregory Barclay make a terrific team. Manish’s turnaround is lightening fast with no compromises on the quality of output. We appreciate his honest advice and practical solutions to problems.’
Principaux clients
A91 Partners
BPEA Credit
Abrdn
Catalys Pacific
Chiratae Advisors
Collyer Capital
GIC
Hillhouse Investment
LaSalle Investment Management
Macquarie Capital
Makers Fund
MEC Global Partners Asia
National Infrastructure and Investment Fund Limited
Play Ventures
PvX Partners
Quilvest Capital Partners
SBI Ven Capital
Ship Street Advisors
Tybourne Capital
UBS Asset Management
Vy Capital
Waterfield Advisors
Principaux dossiers
- Advised Vy Capital on the formation of their Vy Fund III, L.P, being established to invest in shares and other securities issued by businesses operating in any part of the world in the technology, media and telecoms sectors (in respect of public securities, taking either long or short positions), including derivatives with respect to such securities, and including digital assets.
- Advised Chiratae Advisors on the formation of India Fund V to make investments, directly or indirectly, primarily in technology or technology enabled companies doing business in the Focus Sectors that are incorporated in India.
- Advised Play Ventures on the structuring, establishment and closing of Play Ventures Fund III, a venture capital fund targeting early stage investments in the mobile gaming sector.
K&L Gates Straits Law LLC
The ‘knowledgeable and approachable’ team at K&L Gates Straits Law LLC was strengthened by the arrival of Jason Nelms from Morrison Foerster (Singapore) in January 2024, who has considerable experience in acting for both managers and investors in the formation and operation of private investment funds, including private equity, venture capital and real estate funds. Nelms jointly leads the practice alongside Edward Bennett, who advises development finance institutional investors and sovereign wealth funds on their investments and sponsor stakeholder interests in Asia-based funds.
Responsables de la pratique:
Edward Bennett; Jason Nelms
Les références
‘Extremely responsive to clients and their needs, commercially minded with very clear solutions, efficient, and exhibit strong attention to detail.’
‘The investment funds team is very capable.’
‘Jason Nelms is an experienced funds lawyer, who provides sound legal advice and proposes balanced, practical solutions when presented with difficult scenarios.’
Principaux clients
Growtheum Capital Partners
Savills Investment Management
Asian Infrastructure Investment Bank
Asian Development Bank
Principaux dossiers
- Advised Asian Infrastructure Investment Bank (AIIB) on its investments in five private funds in 2023: South East Asia Women’s Economic Empowerment Fund (SWEEF), Lok Capital IV, Quadria Capital Fund III, MSA ETM Fund I and NIIF Private Markets Fund II.
- Advised Asian Development Bank (ADB) on its investments in three private funds: Exacta Asia Investment Fund III, CDH VGC Fund III and InnoVision USD I Fund.
Morgan, Lewis & Bockius LLP
Morgan, Lewis & Bockius LLP is noted for its expertise in the structuring, formation and capital raising for impact funds and LP representation in impact funds, in addition to advising institutional investors and sovereign wealth funds on their investments in private funds. Divya Thakur leads the team and handles a range of fund formation mandates, encompassing private equity, venture capital and hedge funds, as well as matters involving Indian and US Law. Other key contacts in the group include managing director at Morgan Lewis Stamford LLC Wai Ming Yap and Andrew Deas.
Responsables de la pratique:
Divya Thakur
Autres avocats clés:
Wai Ming Yap; Andrew Deas
Principaux clients
Tikehau Investment Management Asia Pte. Ltd.
Global X Management Company LLC
ProShare Advisors LLC
Marathon Asset Management
Circulate Capital
Aavishkaar Capital
Allied Capital Partners
GEAPP
Principaux dossiers
- Advised Circulate Capital on the final close of Circulate Capital Ocean Fund IB (“CCOF I-B”), at which we onboarded a prominent DFI investor, British International Investment.
- Advised Aavishkaar Capital in negotiations with and onboarding of the International Finance Corporation as a limited partner in Aavishkaar India Fund VI, an India focused fund providing growth capital in the financial inclusion, sustainable agriculture and essential services space.
- Advised Allied Capital Partners on its investment in Southeast Asia Clean Energy Fund II, LP as an anchor investor in SEACEF II.
Morrison Foerster (Singapore)
The team at Morrison Foerster (Singapore) is noted for its experience in open-ended real estate funds, in addition to advising fund managers and investors on the formation and operation of private equity funds and venture capital funds. Following the departure of Jason Nelms in January 2024, Tabitha Saw is the key contact in the group.
Autres avocats clés:
Tabitha Saw
Principaux clients
GLP Pte. Ltd.
IndoSpace
Celadon Partners
Principaux dossiers
- Representing IndoSpace in the formation of IndoSpace Logistics Parks IV (ILP IV), the company’s fourth development vehicle, targeting US$600 million of total equity commitments.
- Represented GLP Pte. Ltd. on the formation of Japan’s largest private open-ended logistics real estate income fund (JIF) and continues to provide ongoing advice on the operation of the fund.
- Represented GLP Capital Partners in closing approximately RMB 1.75 billion of fresh capital for its China value-add strategies, which will be invested in a pre-identified portfolio of GLP-developed modern logistics assets comprising four logistics industrial parks located in Beijing, Shanghai, and the Greater Bay Area.
Reed Smith LLP
The ‘top notch’ practice at Reed Smith LLP was strengthened by the arrival of eminent practitioner Han Ming Ho from Sidley Austin LLP in October 2023, who has considerable experience in assisting clients with the structuring and formation of a range of investment funds, including hedge funds, private equity funds, and real estate funds. Ho leads the team and represents leading fund sponsors and managers, in addition to investment banks, financial institutions, family offices, venture capitalists and institutional investors. Shawn Tan, who joined the team in January 2024, is another key contact in the group.
Responsables de la pratique:
Han Ming Ho
Autres avocats clés:
Shawn Tan
Les références
‘The team are commercial in their approach and very knowledgeable of funds matters.’
‘Han Ming is an example of the ultimate legal professional. Very knowledgeable and proficient in what he does.’
‘Han Ming and his team are top notch.’