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Ropes & Gray Advises Asia Alternatives in Fund Closing of $2 Billion in New Commitments

Practices: Asset Management, Tax, Capital Markets

Ropes & Gray advised Asia Alternatives, one of the largest independent Asian private equity fund-of-funds, in the final close of $2 billion in new commitments across Asia Alternatives Capital Partners VI, LP and several fund vehicles. The Funds are focused on building a diversified Asia private equity portfolio with an emphasis on top-performing local Asian fund managers. Over 85% of committed capital came from pre-existing relationships. The closing was announced on Jan. 25.

Investors in the Funds represent a global pool of private capital sources, such as state and corporate pension funds, foundations, university endowments, insurance companies and family offices in the United States, Canada, Europe, Japan and Asia.

The team advising Asia Alternatives was initially led by the late Raj Marphatia (San Francisco), partner in the asset management practice. The team advising Asia Alternatives was led by asset management partner Justin Kliger (Boston), and included asset management partners Eve Ellis (London) and Morri Weinberg (New York) and asset management counsel Kyle Bassman (San Francisco). It also included asset management associate Andrew McCall (New York), tax associates Stefan Herlitz (Boston) and Kathryn Seevers (Washington, D.C).

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