Key Takeaways
- • Carey Olsen's Hong Kong team advised Singapore-based private equity manager Ikhlas Capital on the Cayman Islands legal aspects of establishing its second fund, Ikhlas Capital Fund II LP, according to the law firm.
- • Ikhlas Capital Fund II LP will target mid-sized and large companies in Southeast Asia.
- • The fund drew investment from institutional investors including sovereign wealth funds and pension schemes, per Carey Olsen.
- • Carey Olsen partner Michael Padarin and senior associate Janice Bok handled the Cayman Islands work, while White & Case served as US and international legal counsel.
Summary
Carey Olsen's Hong Kong team advised Singapore-based private equity manager Ikhlas Capital on the Cayman Islands legal aspects of setting up its second fund, the law firm said. The vehicle, Ikhlas Capital Fund II LP, is structured to pursue investments in mid-sized and large companies across Southeast Asia.
According to Carey Olsen, the fund attracted capital from institutional investors, including sovereign wealth funds and pension schemes. The announcement did not disclose the fund's target size or final close amount.
Carey Olsen partner Michael Padarin and senior associate Janice Bok led the Cayman Islands work on the mandate. White & Case acted as US and international legal counsel on the transaction.
The mandate is a legal-services announcement and does not disclose fund economics, fees, or investment strategy beyond the target geography and company size.
According to Carey Olsen, the fund attracted capital from institutional investors, including sovereign wealth funds and pension schemes. The announcement did not disclose the fund's target size or final close amount.
Carey Olsen partner Michael Padarin and senior associate Janice Bok led the Cayman Islands work on the mandate. White & Case acted as US and international legal counsel on the transaction.
The mandate is a legal-services announcement and does not disclose fund economics, fees, or investment strategy beyond the target geography and company size.
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