Paul, Weiss represented a fund managed by a Blackstone advisor in the transaction.
Funds managed by The Blackstone Group Inc. sold a minority revenue share interest in Arkkan Capital to New York-based alternative asset manager TIG Advisors LLC for an undisclosed amount. The Blackstone fund, which seeded the firm, will remain an investor in Arkkan’s fund.
Founded in 2013, Arkkan is a Hong Kong-based alternative asset manager that concentrates on credit and special situations investments across Asia-Pacific. Its founder Jason Brown will continue to serve as its chief investment officer.
TIG Advisors will collaborate with Arkkan, which has nearly $1 billion of assets under management, on marketing and business development.
The Paul, Weiss team included corporate partner Udi Grofman (Picture) and counsel Marian Shin; and tax partner Brian Grieve.
Law Firms: Paul Weiss Rifkind Wharton & Garrison;