Hong Kong: A New Limited Partnership Fund Regime for Private Equity Real Estate Funds and other Private Equity Funds

News Snapshot:

Hong Kong has taken a further step towards establishing itself as a leading fund formation jurisdiction with the passing of the Limited Partnership Fund Ordinance which is expected to become effective on 31 August 2020, to provide for the registration of limited partnership funds (“ LPFs ”). This has been welcomed by managers of private equity funds based in Hong Kong and those based in Mainland China (particularly those funds managing inbound investments financed by international investors via an offshore fund structure). Many private equity fund managers are poised to apply to register LPFs and others are in the process...