Part A – Fund formation counsel
Launch of funds totalling a US$4 billion for a leading PRC state-owned insurance group to invest in European and G7 countries-focused infrastructure projects (such as the fiber optics industry), swap agreements concerning notes issued by listed issuers, and the projects in the Japan-based logistics sector, with some of the underlying funds managed by Global Infrastructure Partners, Macquarie Bank and KKR.
Launch of a US$2.8 billion Cayman PE fund that invests in growth or expansion stage private companies in the technology, media, and telecommunications (TMT) industry primarily with a PRC nexus.
Launch of a US$1 billion Cayman PE fund that invests in the semiconductor industries primarily across the Greater China region.
Launch of a US$1 billion fund for a Greater China-based asset manager to invest in bonds issued by the Agricultural Development Bank of China via an index established for the purposes of tracking such bonds. This was the Hong Kong Stock Exchange’s first retail bond offering through the CCASS by a non-government issuer.
Launch of a US$800 million Cayman PE fund that invests in the healthcare and life sciences sectors in China.
Advised T Capital Partners on the launch of its US$780,000,000 sixth mid-size mid-cap Japan buyout fund, T Capital VI Limited Partnership (the Fund). Harneys assisted with the formation of two Cayman Islands feeder vehicles for the Fund, each structured as Cayman Islands exempted limited partnerships. The Fund will make private equity investments in mid-cap Japanese companies.
Advised Ping An Overseas Holdings on its US$680,000,000 private credit secondaries transaction. Globally, the deal is the largest private credit secondaries transaction to date.
Launch of a €500 million unit trust fund for a top PRC asset manager with some of the top five banking and financial groups in South Korea as investors.
Launch of a US$700 million fund for a leading PRC bank which funded the purchase of a gaming company by Tencent from Softbank Group.
Launch of a US$660 million fund for a Japan asset management that focusses on small to mid-cap companies in Japan.
Launch of a US$350 million aircraft leasing fund managed by a leading Japanese financial institution. Investors included the financial leasing arm of a leading PRC state-owned insurance group.
Advised GLY Capital Management on the launch of its US$300,000,000 Future of Mobility Fund. The Future of Mobility Fund is a transport and technology fund focussing on investments into innovative mid-to-late-stage growth companies within the transportation industry. The fund has already secured US$60 million from China car manufacturer, Zhejiang Geely Holding Group, and South Korean conglomerate, SK Holdings.
Advised a leading digital asset manager and blockchain solutions provider in the PRC in the launch of their US$300 million Cayman fund to invest in blockchain development companies.
Launch of a US$300 million fund for a Singapore based manager to invest into the major crypto currencies. The fund is structured as a Cayman-Jersey master feeder.
Launch of a US$300 million container vessel purchase and leasing fund for a PRC state-owned aviation and shipping leading specialist.
Launch of a US$300 million fund for one of the largest PRC state-owned banks. The fund is co-managed by the PRC bank and a sovereign wealth fund in Oman focussing on the healthcare, information and communications technology, new energy, consumption, and logistics sectors.
Launch of a US$150 million Cayman fund for Base Capital, an ANT financial-backed VC firm targeting early-stage start-ups from India and Southeast Asia. The fund focusses on early-stage investments in crypto businesses in India, Middle East, and Southeast Asia.
Launch of fund for Essence International Securities. The fund participated in the privatisation of Highpower International Inc. listed on NASDAQ which engages in the business of manufacturing, marketing and sales of Nickel Metal Hydride batteries for both consumer and industrial applications, and Lithiumion and Lithium polymer rechargeable batteries for higher-reach, high performance applications.
Launch of a US$200 million PE fund-of-funds for one of the largest Korean state-owned banks for its group’s institutional investors as a “tester” fund.
Launch of a US$200 million fund for a leading PRC state-owned insurance group. The fund will invest in Japanese based logistics companies. One of the cornerstone investors in the fund is a prominent Japan state-owned banking corporation.
Launch of a US$100 million fund for a Singapore-based manager to invest into the major crypto currencies.
Part B – Investor counsel
Acted for a Macau-based institutional investor into a US$2 billion fund set up by the Macau government. The fund focusses on infrastructure, resource development, capacity cooperation, and financial cooperation, particularly the industries such as technology, finance, and social services that contribute to the transformation of Macau's economic development.
Acted for a Macau-based institutional investor into a US$1 billion fund set up by the Macau government to advance the “One Belt, One Road” initiative of the PRC government. The fund uses a multijurisdictional investment strategy consisting of making capital investments in China, south-east Asia and other Portuguese speaking countries.
Acted for New China Life in their investment in a high-profile fund backed by PRC institutional investors. The fund was setup primarily to invest in industry-leading businesses mainly in Germany, German speaking countries and regions, and the Nordic countries with a primary emphasis on buyout and structured transaction opportunities.
Acted for one of the five largest PRC asset management companies into a US$300 million energy fund co-managed by this client along with another PRC state-owned enterprise. The initial target is a European based company specializing in RF power products.
Acted for a leading PRC medical research group into a Boston-based biotech company focussed on transforming human health through products that restore ammonia-oxidising bacteria.