Carey Olsen’s Hong Kong team advised Singapore-based private equity manager Ikhlas Capital on the Cayman Islands legal aspects of setting up its second fund, the law firm said.
The fund, Ikhlas Capital Fund II LP, will target mid-sized and large companies in Southeast Asia. Carey Olsen said the fund drew investment from institutional investors, including sovereign wealth funds and pension schemes.
Carey Olsen partner Michael Padarin and senior associate Janice Bok handled the Cayman Islands work. White & Case served as US and international legal counsel.
