Michelle Cheh

Fund Formation

• BGH Capital — formation of BGH Capital Fund I
• Crescent Point — formation of Consumer and Deep Value Fund II and Fund III
• GLP Capital Partners — China Logistics Fund III, China Logistics Value Partners Fund, China Income Partners Fund V, Vietnam Development Partners Fund, Vietnam Strategic Partners Fund and Hong Kong Industrial Value Partners
• PAG — formation of PAG Asia III
• TR Capital — formation of TR Capital Fund IV and Fund V

Liquidity Solutions

• HarbourVest Partners and LGT Capital Partners — Single-asset continuation vehicle (c.US$700M) managed by ChrysCapital
• Azalea — Multiple LP Portfolio transactions ($3B+)
• HarbourVest Partners — Multiple team spin outs ($1B+), multiple RMB:USD redenomination transactions ($600M+)
• Hosen Capital — Single-Asset Continuation Fund (USD$280M)
• NewQuest Capital Partners — Multiple structure transactions ($300M+)
• Vertex Ventures — Fund recapitalization ($500M)

Secondary Transactions

• CDIB — A multi-asset GP-led secondaries transaction

Consortium Representations

• GLP Pte. Ltd. and the consortium offeror comprising the Fung family and GLP, in its proposed privatization of Li & Fung, a company listed on the Hong Kong Stock Exchange (HKSE: 494)
• A consortium comprising Hillhouse Capital Management, HOPU Investment Management, Global Logistic Properties Limited (GLP) founder Ming Mei’s SMG, Bank of China Group Investment and China Vanke Co. or their affiliated entities in its US$11.6 billion acquisition of GLP (SGX: MC0). GLP is Asia’s leading warehouse operator with a multibillion-dollar portfolio of assets spread across China, Japan, Brazil and the United States. The transaction is the largest private equity-backed takeover in Asia (ex-Japan) to date. This transaction was named Deal of the Year and Best Leveraged Finance Deal by FinanceAsia Achievement Awards 2017 and M&A Deal of the Year: Southeast Asia by The Asia Legal Awards 2018

Strategic GP Advisory

• Crescent Point Capital on the acquisition by Ares Management Corporation of the Crescent Point Capital platform, a leading Asia-focused private equity platform