Debevoise & Plimpton LLP has advised Advantage Partners on the formation of its inaugural Asia fund, with total commitments of $380 million.
The fund attracted a diverse set of existing and new investors, including leading Japanese corporations, banks, family offices, global funds of funds and pension funds.
The new fund seeks to invest in small to mid-cap companies across Asia, including Greater China and Southeast Asia, where it can leverage Advantage Partners’ experience and expertise in Japan to create outsized enterprise value growth at portfolio companies.
Advantage Partners, LLP is a private equity and venture capital firm specializing in start-up, acquisitions, buyouts, buy-ins and other private equity opportunities. The firm, led by Taisuke Sasanuma and Richard Folsom, is based in Tokyo.
The Debevoise team advising Advantage Partners was led by Hong Kong partner Andrew M. Ostrognai (Picture), and included partner Gavin Anderson and associate Shawn Xiao Yang. Tax advice was provided by partner Adele M. Karig and international counsel Mai T. Shapiro.
Involved fees earner: Andrew Ostrognai – Debevoise & Plimpton; Gavin Anderson – Debevoise & Plimpton; Shawn Xiao Yang – Debevoise & Plimpton; Adele Karig – Debevoise & Plimpton; Mai Shapiro – Debevoise & Plimpton;
Law Firms: Debevoise & Plimpton;
Clients: Advantage Partners ;