Global law firm DLA Piper has advised a leading Asia-based institutional investor on the sale of limited partner interests in a private capital portfolio valued at more than USD1 billion to multiple buyers. The transaction represents one of the largest secondary portfolio transactions completed in Asia, underscoring the continued growth and increasing sophistication of the region’s secondary market.
DLA Piper advised on all legal aspects of the transaction, supporting the client through a complex, multi-buyer process involving a substantial portfolio of fund interests. Jefferies Hong Kong Limited acted as financial adviser to the seller.
The matter was led by Shinong Wang in Hong Kong, with support from a cross-border team that included Witold Jurewicz (Partner, Tax) and Chris Lorimer (Law Clerk, Tax), both based in the United States. The transaction highlights DLA Piper’s ability to seamlessly combine its leading funds and tax capabilities across jurisdictions to support clients on complex international secondaries transactions.
Shinong Wang, Of Counsel in DLA Piper’s PRC and Hong Kong Funds Practice, said: “The successful completion of a transaction of this scale demonstrates the increasing maturity and liquidity of Asia’s secondary market. We continue to see strong demand from institutional investors for tailored liquidity solutions, and this transaction reflects the growing importance of secondaries as a strategic portfolio management tool. As the market evolves, DLA Piper is well positioned to support clients on complex cross-border transactions across Asia and globally.”
DLA Piper’s global Investment Management and Funds practice advises many of the world’s leading fund sponsors, institutional investors and asset managers across all stages of the fund lifecycle. With extensive experience in fund formation, investor-side mandates, secondaries and liquidity solutions, the firm supports clients on complex domestic and cross-border transactions across the full spectrum of private capital strategies
