Investment Funds: Private Equity (International Firms)
Greater China Region Guide 2024 : China
Band 1
Contact number
+852 2160 9800About
Provided by Debevoise & Plimpton LLP
Debevoise was one of the first firms to advise private equity funds on their activities in Asia, and has remained at the forefront of the sector ever since. Over the years, it has been consistently ranked at the top of all the relevant league tables. It has advised the most prominent and innovative funds in Asia, constantly leveraging its superior understanding of the Asia market to deliver successful solutions to clients.
The team works across the full spectrum of market participants, from large pan-Asian buyout funds to smaller sector or country-specific funds, as well as foreign-sponsored, RMB-denominated private equity funds and secondaries funds. This wide-ranging experience sees the team remain at the cutting edge of the industry, whether that be in terms of structuring or regulatory advice or specialist investment strategies.
The award-winning team is led by Gavin Anderson, described by clients in Chambers & Partners as “very quick, very smart and gives very high-quality advice.”
The team also benefits from Debevoise’s global investment management and private equity strengths. The firm has exceptional capability in these areas in Europe and the U.S., as well as market-leading M&A, acquisition finance and capital markets teams. In working alongside these teams, the Asia Funds practice provides a powerful offering for clients.
Chambers Review
Debevoise & Plimpton is a pre-eminent private equity funds practice which acts from a strong base in Hong Kong. It attracts instructions from an enviable roster of clients in relation to the formation of Asian venture capital, growth and buyout funds as well as private credit funds. The team is expert in high-value and complex structuring, including comprehensive solutions to international investment issues. The team is also experienced in the formation of renminbi-denominated funds and advising on secondary transactions. Key clients of the firm include Pantheon, TPG NewQuest and Lightspeed Venture Partners.
Work Highlights
- Debevoise & Plimpton acted for Lightspeed Venture Partners on the formation of a USD500 million early stage fund, LSIP Fund IV.
Strengths
Provided by Chambers
"Debevoise & Plimpton team has a good balance of commercial sense and legal knowledge, which can be very helpful when handling complex matters."
"The team has deep knowledge and experience in all the most complex and sophisticated matters relating to private alternative investment funds."
"Debevoise & Plimpton team has a good balance of commercial sense and legal knowledge, which can be very helpful when handling complex matters."
"The team has deep knowledge and experience in all the most complex and sophisticated matters relating to private alternative investment funds."
Notable Practitioners
Gavin Anderson heads Debevoise & Plimpton's investment group and is a renowned figure in the market for his expertise in all aspects of fund formation, capital raising and closing. He regularly acts for GPs across a range of private closed-end fund structures, as well as LPs on large-size, bespoke investments.
"Gavin is the best lawyer I have ever worked with, full stop!"
"He knows the PE and VC industry very well and has excellent commercial sense. He always provides suggestions and advice with a good balance of legal knowledge and commercial considerations."