Yunfeng Capital Raises $2.5 Billion for Third Greater China Fund
08.07.18
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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, David Azcue, Michael Ceulen, Xue Zhang and Yanru Tao (Funds); Sarah Katz (Tax); Paul Dodd (AIFMD); Jeanne Annarumma (ERISA); and Keith Noreika and Spencer Sloan (Volcker Rule).