Qian (Elyn) Xing

Elyn’s experience includes advising: 

Fund Formation and Fundraising

• Indonesia Investment Authority (INA), together with Development Bank of Japan Inc. (DBJ), has launched IJ Hybrid Capital Solution Fund I, L.P., with a target size of US$100 million, which will be jointly managed by the two institutions to offer hybrid capital solutions for Indonesian corporates
• A large corporation on the formation of a US$2 billion private equity fund with third party capital to pursue opportunities adjacent to its core strategy*
• YF Capital on multiple fundraisings, including on the:
  • Formation of a co-investment fund with aggregate commitments for a buyout transaction in Japan
  • Establishment of YF Capital Fund IV, a US$2.5+ billion buyout fund*
  • Establishment of YF Capital Fund II*
  • Establishment of YF Capital Fund* 
• Morgan Stanley on multiple fundraisings, including on the:
  • Establishment of North Haven Private Equity Asia V, a ~US$1 billion Asia buyout fund*
  • JV arrangement with Bangkok Bank, and representing the co-sponsor for the formation and fundraising of North Haven Thai Fund, a US$440 million Thai buyout fund* 
  • Establishment of North Haven India Infrastructure Fund, a US$160 million India Infrastructure fund*
• CDH on multiple fundraisings, including on the:
  • Establishment of CDH China Fund VI, a US$1.5+ billion growth capital fund*
  • Establishment of CDH VGC Fund II, a US$520 million China growth fund*

Fund Investments 

• Silk Road Fund on its investments in global funds
• A Hong Kong-based insurance company, on their LP investments into global private funds and its asset management agreement with asset managers
• Tencent on its investment of LP interest in a Japanese fund managed by Global Brain Corporation, a Japanese VC firm
• China Investment Corporation on a follow-on co-investment into a portfolio company Aguas Pacifico, a Chile-based multi-client water desalination project
• A listed company on its investments in an open-ended credit fund 
• GIC, Azalea, LGT, KIC on multiple fund investments in private equity funds, venture capital funds and secondary transactions*
• Institutional investors on their various investments in multiple global funds*

Other Fund Transactions

• A consortium led by Starwood Capital Group, Sixth Street, and SSW Partners has proposed a US$7.1 billion take-private of ESR Group Limited by way of a scheme of arrangement from the Hong Kong Stock Exchange, representing the largest privatization from the HKEX since 2021
• Ares Management Corporation on the US$3.7 billion acquisition of GCP International, the international business (excluding operations in Greater China) of GLP Capital Partners, an alternative asset manager (including matters related to Japan real estate funds due diligence) 
• British Columbia Investment Management Corporation (BCI), as part of a global leading infrastructure investors consortium led by Macquarie Asset Management, has raised ¥150 billion to ¥300 billion (US$1-2 billion) in funds for the sale and leaseback of a portion of Rakuten Mobile’s mobile network assets, a transaction that was awarded Asia-Pacific Deal of the Year at the Infrastructure Investor Awards 2024
• HarbourVest Partners on various secondary transactions*
• Various secondary market participants on the purchase and sale of portfolios of LP interests*
• Regional and global assets management firms for their compliance of SEC rules, and other marketing rules etc. (form ADV filing, securities offering filing in certain states in the United States, filing in certain jurisdictions in Europe etc.) *

*Matter handled prior to joining Latham