As the private equity (“PE”) and venture capital (“VC”) funds industry grows and matures in Asia, managers are increasingly looking to market interests in their funds to U.S.-based investors. However, many Asia-based managers...more
7/6/2023
/ Asia ,
Bank Holding Company Act ,
Broker-Dealer ,
CFIUS ,
CFTC ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
Financial Industry Regulatory Authority (FINRA) ,
FIRRMA ,
FOIA ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Investors ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Private Equity ,
Private Funds ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Taxation ,
Venture Capital ,
Volcker Rule
Manager and investor interest in open-end real estate (“OERE”) funds focused on Asia investments has exploded in recent years, with continued growth expected. CBRE recently estimated that Asia-Pacific-focused open-end funds...more
As the private equity (“PE”) and venture capital (“VC”) funds industry grows and matures in Asia, managers are increasingly looking to market interests in their funds to U.S.-based investors. However, many Asia-based managers...more
8/28/2020
/ CFIUS ,
Employee Retirement Income Security Act (ERISA) ,
Exempt Reporting Advisers (ERAs) ,
Investors ,
Marketing ,
Private Equity ,
Private Funds ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Venture Capital ,
Volcker Rule
On March 1, 2018, the Administrative Measures for Outbound Investments by Enterprises (“Circular 11”) issued by the National Development and Reform Commission (the “NDRC”) went into effect. In addition to regulating direct...more
Private equity firms in Asia have struggled to raise capital and swing deals in 2016 at the same pace as in recent years amid a regional economic cooldown and geopolitical uncertainty ahead of the U.S. presidential election,...more
On June 30, 2016, the Asset Management Association of China (“AMAC”) released the Q&A Regarding Registration and Filing of Private Funds (No. 10) (“Q&A No. 10”), which confirmed that both wholly foreign-owned and...more
8/5/2016
/ Asset Management Association of China (AMAC) ,
China ,
China Securities Regulatory Commission (CSRC) ,
Foreign-Owned Corporations ,
Fund Managers ,
Investment Funds ,
Joint Venture ,
MOFCOM ,
Popular ,
PSFMCs ,
Registration Requirement
BACKGROUND -
Due to the recent strong desire to convert Renminbi (“RMB”) funds into foreign currency and remit foreign currency amounts outside of China (“China” or the “PRC”, which excludes Hong Kong, Macau and Taiwan...more