The Hong Kong office of Debevoise & Plimpton has advised Baring Private Equity Asia on the formation of The Baring Asia Private Equity Fund VI. The fund, which was heavily oversubscribed, held its third and final close on February 24, 2015 with $3.988 billion in commitments. It is believed to be the largest private equity fund ever raised by an Asia-based manager.
Baring Private Equity Asia is one of the largest and most established independent private equity firms in Asia and advises funds with total committed capital of over $9 billion. The fund will continue Baring Private Equity Asia’s successful strategy of partnering with management teams and entrepreneurs to support their growth in Asia through operational improvement, industry consolidation and cross-border expansion. The fund will target companies in Asia, as well as those in Europe and North America with growth plans in Asia, in a broad range of sectors.
Debevoise & Plimpton has been advising Baring Private Equity Asia in its fundraising activities for over ten years, beginning with The Baring Asia Private Equity Fund III.
The Debevoise team advising Baring Asia was led by Hong Kong based partner Andrew M. Ostrognai and international counsel Gavin Anderson. Other team members included New York based partner Adele Karig, Washington D.C. based partners Satish Kini and Kenneth Berman, associates Mai Shapiro, Gregory Larkin and Shawn Yang, and legal assistants Irene Ming and Brianne Leung.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.