Practice Areas
Carol Liu is a private investment funds partner of Kirkland & Ellis. She routinely advises and leads teams of lawyers advising global and Asian fund sponsors on structuring and forming private investment funds across a wide variety of strategies, including buyout, growth capital, venture capital, fund of funds, private credit, real estates and infrastructure, co-investment funds and separate managed accounts, in sectors across healthcare, TMT, consumer, the financial sector and others, and across jurisdictions from China, Japan, Korea, Southeast Asia to India. She is frequently called upon to advise clients on delicate sponsor internal issues, such as designing carried interest and other compensation incentives, advising GP stakes transactions and succession planning issues. Clients also turn to Carol on a wide range of complex fund-related transactions, including GP-led restructuring of investment funds, LP tender offers, stapled secondaries, preferred equity transactions and LP portfolio sales transactions, and other complex transactions.
Carol is ranked as “Band 1” lawyer in investment funds by Chambers Global and Chambers Greater China 2022–2024 and recognized as a “Notable Practitioner” (Investment Funds: Private Equity) in Chambers Asia-Pacific 2021–2024. Carol has also been recognized for several years as a leading lawyer by a number of other reputable legal publications, including Legal 500 Asia Pacific, IFLR1000 and Who's Who Legal.