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Maples Advises RAYS Capital Partners Limited on the Launch of a Greater China ESG Fund

14 Feb 2022


Maples and Calder, the Maples Group's law firm, is pleased to have advised RAYS Capital Partners Limited ("RAYS Capital"), on the launch of Greater China ESG Opportunities Absolute Return Fund (the "Fund").  The Fund aims to seek long term capital appreciation by investing primarily in a portfolio of securities with a focus on companies which meet the Fund's environmental, social and governance ("ESG") criteria.  These companies will either be primarily based or listed in the Greater China region, which includes the PRC, Hong Kong, Macau and Taiwan, or are expected to benefit from major revenue growth from conducting business in Greater China. The Fund will consider on an ongoing basis a wide-range of ESG factors that have a net positive impact on the sustainable development of Greater China. ESG factors include but are not limited to, climate change mitigation and adaptation, water and waste management, sustainable energy and transport, biodiversity, agriculture, healthcare and education.

RAYS Capital is a Hong Kong based private investment partnership that manages investments in Far East Asia (ex-Japan) on behalf of private clients, family offices and institutional investors, including, pension funds, foundations, endowments and corporates.

A team based in the Group's law firm in Hong Kong acted as Cayman Islands legal counsel to RAYS Capital. The team was led by Head of the firm's Asia Funds & Investment Management team, Ann Ng and assisted by Associate, Aidan O'Regan.

Deacons acted as Hong Kong counsel to RAYS Capital.

Commenting on the transaction, Ann said, "The environmental impact of investing is at the forefront of investors' minds in Asia and globally. This is evidenced by the ever-increasing number of ESG-focused funds the Maples Group have advised on. In Asia, we were particularly delighted to work with our long-standing client RAYS Capital on the launch of their first ESG fund, which makes sustainable investments in Greater China." 

Maples and Calder, the Maples Group's law firm, has the largest Cayman Islands, British Virgin Islands and Irish practising Funds & Investment Management team in Asia with a unique offering of native Chinese and Korean speaking lawyers, providing innovative solutions to some of the most groundbreaking multi-jurisdictional matters in the region.


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