Maples Group Advises Multi-Million Dollar China-Focused Hedge Fund

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Maples and Calder, the Maples Group's law firm, is pleased to have advised Protium Capital on its multi-million dollar fund launch in June 2023. Protium Capital, a hedge fund firm founded by former Hillhouse Capital Management fund manager Lu Ning, raised between US$100 million and US$150 million for a new long-short equity fund, making it one of the largest China-focused hedge fund launches so far this year.

A team of lawyers based in the Group's law firm in Hong Kong acted as Cayman Islands legal counsel to Protium Capital. The team was led by Asia Funds & Investment Management Partner Josie Ainley with assistance from Associate Lorraine Cowman and Paralegal Edith Chan.

Commenting on the transaction, Josie said, "It has been an absolute pleasure to work with Protium Capital to help execute one of the largest China-focused hedge fund launches this year. We look forward to supporting the fantastic team as they go from strength- to-strength."

The Maples Group has one of the largest international Funds & Investment Management teams in the region with specialist lawyers based in both Hong Kong and Singapore providing on the ground support to investment managers. The team continues to advise some of the most successful managers in Asia on multi-billion dollar fund launches, high-profile portfolio investments and divestments, secondaries deals and top-tier restructurings.