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HKVCA China Private Equity Summit 2024

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MoFo is once again honored to sponsor the flagship China Private Equity Summit, organized by the Hong Kong Venture Capital and Private Equity Association (HKVCA) to be held on May 20, 2024.

MoFo is once again honored to sponsor the flagship China Private Equity Summit, organized by the Hong Kong Venture Capital and Private Equity Association (HKVCA) to be held on May 20, 2024. Every year, the HKVCA China Private Equity Summit hosts approximately 1,000 venture capital and private equity practitioners, corporates, and other industry professionals. MoFo Partners Steven Tran and Serena Tan will be speaking at the below two panel discussions.<h5>Panel: China PE Exits and Liquidity – Challenges and Opportunities</h5>10:45 AM - 11:30 AM HKTOur Singapore PE/M&A partner, Steven Tran, will be moderating the “China PE Exits and Liquidity – Challenges and Opportunities” panel, where senior industry leader panelists including Joe Chang, Primary Fund Investments Principal at AlpInvest Partners, Hongwei Chen, Partner at Forebright Capital Asia, Dr. Tao Yu, Principal at Lilly Asia Ventures, as well as Min Lin, Partner at TPG NewQuest, will analyze the current challenges and opportunities in exits and liquidity in the China PE space.The panel will cover the following topics:<ul><li>Key trends in exits and liquidity in China PE – What strategies are sponsors adopting to mitigate risks and enhance returns in the current exits and liquidity environment?</li><li>Exit opportunities in the current environment.</li><li>Crystal ball gazing – Prognosis for how the rest of 2024 and beyond will shape up from an exits and liquidity perspective.</li></ul><h5>Panel: Liquidity Options in a Challenging Market</h5>2:50 PM – 3:35 PM HKTHong Kong Private Funds Partner and Deputy Chair of the firm’s Global Private Funds Group Serena Tan will join as a panelist of the “Liquidity Options in a Challenging Market” panel, together with Niklas Risberg, Director – Secondary Investment at Lexington, Darren Bowdern, Tax Partner and Head of Alternative Investments at KPMG, and William Yea, Investment Principal at Coller Capital. The panel will be moderated by Michael Li, APAC Managing Director at SS&C.The panel will focus on topics such as continuation funds, winding down funds, restructuring, bankruptcy, and more.<hr>

Panel Discussion: China PE Exits and Liquidity – Challenges and Opportunities

HKVCA China Private Equity Summit 2024

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Steven Tran is a PE partner based in Morrison Foerster’s Singapore office. He has extensive experience advising global and regional sponsors and their portfolio companies, as well as multinational corporations operating in the Asia Pacific region, on their complex multi‑jurisdictional PE and M&A transactions. He is active on deals across all of Southeast Asia, and focuses on the Consumer, Industrials, Business Services, Technology, and Real Estate sectors.Steven supports his financial sponsor clients and their portfolio companies in their corporate transactions across the Asia Pacific region, with a particular focus on Southeast Asia, including LimeTree Capital, CITIC Capital, Permira, EQT, and other leading investors.Steven is highly regarded by clients as “one of the best PE/M&A lawyers in town, with a work ethic and passion for his clients that is second to none.” He is described as “hands-on, commercial and immensely knowledgeable about all aspects of M&A and private equity” and “always on top of the key issues.” Clients also comment that Steven has “impeccable client service and responsiveness.”Based in Asia for over 22 years, Steven has worked in Singapore, Hong Kong, Tokyo, and Sydney. He speaks English, Vietnamese, and Japanese.<h4>Representative Experience</h4><ul><li>A Southeast Asian sovereign wealth fund in its commercial and residential real estate co-investment in Vietnam.</li><li>A global private equity fund in its proposed acquisition of a Singapore fintech company.</li><li>LimeTree Capital in the disposal of its portfolio of real estate assets in Sri Lanka, Cambodia, and Palau; its Indonesian joint venture to acquire and develop a real estate project in Bali; its joint venture with a Thai partner in respect of Thai real estate investments; the offshore shareholders’ agreement relating to its acquisition of real estate assets in Japan; and the post-completion restructuring of its investment in a Chinese car park management business.</li><li>Founder of Hop Lun Group (an international fashion lingerie and swimwear company with operations in Indonesia, Bangladesh, China, and Hong Kong) in his sale of a controlling stake to Platinum Equity.</li><li>Tricor Group (a former portfolio company of Permira) in the restructuring of its Vietnam and Thailand operations, and its acquisitions of Richful Deyong, Madison Pacific Group, and a Japanese business services company.</li><li>GPA Global (a portfolio company of EQT Partners) in its acquisition of the European packaging manufacturing business of ASG Print Holdings (a portfolio company of Atlas Holdings).</li><li>Unified Industrial Group (a logistics and industrial real estate asset manager with operations in Japan, China, and Hong Kong) in an equity investment from Macquarie Asset Management.</li></ul>

Steven Tran

Partner

Serena represents global and regional fund managers and institutional investors in the formation of private equity, private credit and real estate funds. Her practice focuses on both offshore funds (including the Cayman Islands, BVI, Delaware, Luxembourg, Singapore, and Hong Kong) and RMB funds (including QFLP and QDLP funds). She is the Deputy Chair of the firm’s Global Private Funds Group and Chair of Greater China Private Funds practice.Serena advises fund managers on the formation of an array of private equity funds (including buyout, growth capital, venture capital, and co-investment funds) and private credit funds across a wide range of sectors, including consumer, financial services, healthcare, technologies, TMT, and travel/leisure. Serena’s representative private equity fund manager clients include Affirma Capital, Ascendent Capital Partners, Ally Bridge Group, CBC Group, Fosun, GLP, Hony Capital, Junson Capital, KHL Capital, Kowloon Nights, Morgan Stanley Private Equity Asia, Makers, ORIX Asia Capital, Ping An Overseas Holdings, Sailing Capital, SoftBank Ventures Asia, and Taiwania Capital.Serena advises on real estate fund managers on the formation of real estate funds and joint ventures with experience across many asset classes, including offices, logistics, industrial parks, residential, hospitality, and retail. Serena’s representative real estate fund manager clients include BHG, GLP, Hony Capital, and Sino-Ocean Capital. Serena’s diverse practice also encompasses advising on fund secondaries transactions such as GP-led restructuring, continuation funds, stapled secondaries, and secondary purchases of limited partner interests. In addition, Serena frequently advises fund managers on arrangements among principals, carried interest plans, and employee co-investments, regulatory and compliance matters, and internal governance matters. She also has deep experience of fund of funds, funds-of-one, separate accounts, and family offices.In addition, Serena regularly represents institutional investors in investments in private investment funds, including insurance companies, family offices, banks, and asset management firms.  Serena’s representative institutional investor clients include China Ping An, China Life, CMB, FWD, ICBCI, Great Wall, The Wharf Holdings, and Wheelock.Year after year, Serena is widely acknowledged by legal directories as one of the leading private funds partners in Asia. Recent recognition includes being ranked as a leading partner by Chambers Global (2019-2024), Chambers Asia-Pacific (2019-2021), Chambers Greater China (2022-2024), and Legal 500 Asia Pacific (2020-2024). She was featured in ALB’s “Asia’s 40 Under 40” list of the most accomplished young lawyers in 2018. Under Serena’s leadership, the Private Funds Team in Asia has advised Asia-based GPs on more than 30 fund formation transactions (raising in excess of US$25 billion), and was shortlisted for the 2021 PEI Awards for Asia Law Firm of the Year in the Fund Formation category.Serena has been recognized by clients as a “highly diligent and talented” practitioner with “excellent professional knowledge and a strong commercial sense” and their “go-to lawyer for fund formation work that has a Chinese component.” Clients highlighted her as “an ideal partner” who “understands the differences between offshore funds and RMB funds and the differences between international investors and Chinese investors” and “has the outstanding ability to design optimal structures, bridge gaps, and find solutions.”Serena is a Registered Foreign Lawyer with the Law Society of Hong Kong. She has over 15 years of experience practicing law in New York and China.

谭律师代表国际及亚洲基金管理人和机构投资者处理私募股权基金、私募债权基金和房地产基金设立事宜。她的业务重点同时涵盖境外基金（包括开曼群岛、英属维尔京群岛、特拉华州、卢森堡、新加坡和香港基金）和人民币基金（包括合格境外有限合伙人基金（QFLP）和合格境内有限合伙人（QDLP）基金）。她是本所全球私募基金业务组副主席及大中华区私募基金业务部主席。谭律师代表基金管理人设立多支私募股权基金（包括收购基金、成长型资本基金、风险投资基金和共同投资基金）和私募债权基金，涵盖了消费市场、金融服务、医疗健康、技术、科技、媒体和电信（TMT）以及旅游休闲等众多行业。谭律师具代表性的私募股权债权基金管理人客户包括亚赋资本、上达资本、汇桥资本集团、康桥资本、复星、普洛斯、弘毅资本、佳辰资本、达胜资本、Kowloon Nights、摩根士丹利亚洲私募股权、Makers、欧力士亚洲资本、平安海外控股、赛领资本、软银亚洲风投和台杉投资。谭律师代表地产基金管理人设立地产基金及合资企业，项目经验包括写字楼、物流、工业园区、住宅、酒店和商业地产等众多资产类别。谭律师具代表性的地产基金管理人客户包括华联长山兴、普洛斯、弘毅资本和远洋资本。谭律师在延续基金、由普通合伙人牵头的重组、捆绑式二级市场交易以及在二级市场购买有限合伙人权益等基金二级市场交易中有丰富的经验。另外，谭律师经常就基金管理人关键人安排、收益分成计划、员工共同投资、监管与合规事宜以及内部治理事宜向基金管理人提供咨询。她在设立母基金、专项基金、基金专户和家族办公室相关事宜方面也有丰富经验。此外，谭律师还经常代表保险公司、家族办公室、银行和资产管理机构等机构投资者处理其私募投资基金投资事宜。谭律师具代表性的机构投资者客户包括中国平安、中国人寿、中国招商银行、富卫、工银国际、中国长城、九龙仓和汇德丰。谭律师连年被法律名录广泛认可为亚洲顶级私募基金合伙人之一。她最近分别被《钱伯斯全球法律指南》（2019-2024年）、《钱伯斯亚太法律指南》（2019-2021年）、《钱伯斯大中华区法律指南》（2022-2024）和《亚太法律500强》（2020-2024年）评为领先合伙人。她还于2018年入选《亚洲法律杂志》的亚洲律师明日之星“40 位40 岁以下杰出律师”名单。在谭律师带领下，本所亚洲私募基金团队曾就30多项基金设立交易向亚洲普通合伙人提供咨询（筹集金额超过250亿美元），并入围了2021年PEI奖项中的基金设立领域亚洲年度律所奖。客户称谭律师是位“极其勤勉且才华出众”的执业者，“具备丰富的专业知识和强烈的商业意识”，是“处理涉华基金设立工作的最佳律师”。客户强调她是“理想的合作伙伴”，“深谙境外基金和人民币基金之间的差异以及国际投资者和中国投资者之间的差异”，“在设计最优结构、消除差异以及找到解决方案方面拥有非凡的能力。”谭律师是香港律师会注册外国律师。她在纽约和中国有超过15年的法律执业经验。

HKVCA China Private Equity Summit 2024

20 May 2024

Panel: China PE Exits and Liquidity – Challenges and Opportunities

Panel: Liquidity Options in a Challenging Market