Yunfeng Fund III’s $2.5 Billion Fundraising

Simpson Thacher represented Yunfeng Capital in connection with the formation of Yunfeng Fund III, its third Greater China-focused private equity fund.

The fund focuses primarily on companies in the (i) Internet and e-commerce, (ii) media and entertainment, (iii) business services and technology and (iv) healthcare sectors. The fund was launched with an initial target of $2 billion. Given the strength of investor demand, the fund reached its final closing in July significantly oversubscribed at its hard cap of $2.5 billion. Yunfeng was founded by David Feng Yu (founder of Target Media) and Jack Yun Ma (founder of Alibaba).

The Simpson Thacher team representing Yunfeng Capital included Adam Furber (Picture), David Azcue, Michael Ceulen, Xue Zhang and Yanru Tao (Funds); Katharine Moir and Sarah Katz (Tax); Paul Dodd (AIFMD); Jeanne Annarumma (ERISA); and Keith Noreika and Spencer Sloan (Volcker Rule).

 

Involved fees earner: Adam Furber – Simpson Thacher & Bartlett; David Azcue – Simpson Thacher & Bartlett; Michael Ceulen – Simpson Thacher & Bartlett; Xue Zhang – Simpson Thacher & Bartlett; Paul Dodd – Simpson Thacher & Bartlett; Keith Noreika – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Yunfeng Capital;

 

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Author: Michael Patrini