Deals and Client Wins Maples Group Selected to Support Groundbreaking Indo-Japan Fund

28 Jun 2019

日本語版を見るにはここをクリックしてください。

The Maples Group, a leading service provider offering clients a comprehensive range of legal, fiduciary, fund, regulatory and compliance, and entity formation and management services, has announced that it has been selected to provide Cayman Islands legal advice and trustee, management company, fund administration and directorship services to Indo-Japan Emerging Technology & Innovation Fund (the "Fund").

The Fund will invest substantially all of its assets into Indo-Japan Emerging Technology & Innovation AIF (the "FoF"), a US$187 million fund-of-funds managed by Reliance Nippon Life Asset Management Ltd (RNAM), the Indian asset management arm of Nippon Life. The Fund will be offered in Japan to Japanese institutional investors.

The FoF is the result of a joint initiative between Japan’s Ministry of Economy, Trade and Industry and India’s Ministry of Commerce and Industry and has just been announced at the G-20 this week. The unique strategic intent of the Fund is to combine the core strengths of both countries to provide large investors with access to source ideation and technology, as well as to provide a platform for collaboration and strategic investment in start-ups. The FoF expects to manage a portfolio of 15 to 25 India-focused venture capital funds investing in technology start-ups in emerging fields, including the internet of things, artificial intelligence, machine learning, fintech, healthcare, consumer, education, robotics and automation and business-to-business software.

The Maples Group’s Japanese Funds practice has market-leading experience in structuring private equity type unit trusts, supporting the delivery of a seamless solution tailored to the unique needs of the Fund which will be structured as a Cayman Islands private equity type unit trust. The Maples Group team is led by Hong Kong partner, Nick Harrold and Regional Head of Fund Services-Asia, Eastern Fong and is supported by an extensive team of lawyers and fund and fiduciary services professionals in both Hong Kong and the Cayman Islands.

"The launch of the Fund is reflective of a progressive trend in the market whereby an increasing number of Japanese institutional investors are seeking exposure to alternative investments, typically through the private equity type unit trust structure," said Harrold. "The Fund represents an important evolution in the structure as it is able to accommodate a large number of investors, and multiple closings, whereas earlier iterations of the structure were essentially limited to only one or two investors coming into the fund on a single closing. This additional flexibility is likely to mean that alternative investments will become even more accessible to Japanese institutional investors."

The Maples Group’s comprehensive offering combines local and global expertise. With offices in 18 locations worldwide and over 350 lawyers and professionals based in Hong Kong, China and Singapore, the Maples Group is ideally placed to act for Asia Pacific-based clients on multi-jurisdictional transactions.

In January 2019, Maples and Calder and MaplesFS consolidated their offerings under a single brand, now called the Maples Group, bringing together their internationally recognised offerings.


CONTACTS

bioImage

Nick Harrold

Partner

+852 3690 7403

bioImage

Eastern Fong

Regional Head of Fund Services - Asia

+852 3655 9005

*
*
*
*


Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

The use of this form does not create an attorney-client relationship and information submitted will not necessarily be treated as privileged or confidential, nor will it prevent us from accepting related instructions on behalf of others. Do not send us any information regarding any current or potential legal matters until your proposed engagement of us as legal counsel has been agreed and confirmed by us in writing.

*
*
*

Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

Related

Announcements

COVID-19: What is Maples Group doing?

 The Maples Group has comprehensive, jurisdictionally specific, pandemic plans in place. This is a summary of the preventative measures that we are taking.

Read more

20 Mar 2020

Announcements

Maples Group Luxembourg Expands to New Location

The Maples Group is pleased to announce that due to the remarkable growth of its business in Luxembourg, it has relocated its offices.

Read more

12 Mar 2020

Announcements

Maples Group Announces Strategic Appointments at Six Offices

New Partners and Of Counsel are appointed across the Group's international offices.

Read more

05 Mar 2020

Announcements

Maples Group Ranked as Top Funds Legal Adviser for 7th Year Running

Maples and Calder, the Maples Group's law firm, is pleased to retain its position as the number one legal adviser to Irish-serviced funds for the seventh consecutive year by the Monterey Insight Ireland Fund Report 2019.

Read more

24 Feb 2020

Announcements

Maples Group Hong Kong Offices Relocate

 All of the Maples Group's Hong Kong teams will now be located at Central Plaza in Wanchai's north business district in Hong Kong. 

Read more

21 Feb 2020

Announcements

Maples Group Number 1 Listing Agent on Cayman Islands Stock Exchange

Maples and Calder, the Maples Group's law firm, is pleased to announce that it has retained its position as the number one listing agent on the Cayman Islands Stock Exchange (the "CSX") having advised on 47% of all CSX’s listings in 2019.

Read more

12 Feb 2020

Connect

Want to get in touch ?

Contact Us