Grand Capital Securities Limited’s First Private Open-Ended Fund Company


Stephenson Harwood LLP has advised Grand Capital Securities Limited on the transaction.

Grand Capital established its first private open-ended fund company (OFC), GC OFC, and the OFC’s two initial sub-funds.

Grand Capital is a Hong Kong company licensed by the Hong Kong Securities Future Commission (SFC) to conduct type 1 (dealing in securities), the type 4 (advising on securities) and type 9 (asset management). The OFC, which is a variable capital structure, will gives Grand Capital’s investors more flexibility to enter and exit the fund than they would have if it were a fixed capital regimes.

The Stephenson Harwood team was led by partner Penelope Shen (Picture), who was supported by associate Jet Tang.

Involved fees earner: Penelope Shen – Stephenson Harwood; Jet Tang – Stephenson Harwood;

Law Firms: Stephenson Harwood;

Clients: Grand Capital Securities Limited;

Author: Michael Patrini