Maples Group Advises Glenwood on US$1.1 Billion South Korea-Focused Fund
The Maples Group is pleased to have advised Glenwood Private Equity (“Glenwood”) on the formation of Glenwood Private Equity Fund III, with total commitments of approximately US$1.1 billion.
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Glenwood is a leading independent investment firm headquartered in Seoul that primarily focuses on buyout opportunities in Korea with cumulative assets under management of US$3.9 billion.
A team of lawyers based in the firm’s Hong Kong office acted as Cayman Islands legal counsel to Glenwood and was led by Partner in the Funds & Investment Management team, Sharon Yap, and Of Counsel, Dan Won. The Maples Group’s Fiduciary Services team was led by Global Head of Fiduciary, Charlie Sparrow, who supported the launch of the Fund.
Commenting on the transaction, Sharon said, “We are delighted to have assisted Glenwood with this remarkable achievement, which attracted strong support from both domestic Korean investors and international investors across Asia–Pacific, Europe and North America. Looking ahead, we anticipate that appetite for fundraising in South Korea’s private equity market will remain strong. This transaction showcases our expertise and our ability to support clients on complex, cross‑border matters spanning multiple departments and service lines across the Maples Group.”
The Maples Group’s Funds & Investment Management practice provides support to the industry’s heavyweights, as well as new entrants to the market, advising on the structuring and establishment of British Virgin Islands, Cayman Islands, Irish, Jersey and Luxembourg funds.
