Maples and Calder, the Maples Group’s law firm, is pleased to announce that its Asia Funds & Investment Management practice has advised UBS Management (Cayman) Limited (“UBS”) on the launch of LGT Global Private Credit Fund (the “Fund”). The Fund, which launched on 13 December 2024, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan.
The Fund’s investment objective is to seek to provide investors with long-term capital appreciation through indirectly investing in a globally diversified portfolio of credit investments. The Fund will seek to achieve this investment objective by investing in shares of LGT Global Private Credit S.A., SICAV-RAIF.
A team based in the law firm’s Singapore office acted as Cayman Islands counsel to UBS and was led by Funds & Investment Management Partner, Nick Harrold, assisted by Associate, Costa Valtas and Senior Paralegal, Veronica Chen.
Commenting on the transaction, Nick Harrold said, “We are seeing strong demand for private markets from Japanese investors, with private credit being one of the hottest asset classes right now. The launch of the Fund is very timely and aligns perfectly with the current market trends”.
Japanese legal advice was provided by Anderson Mori & Tomotsune.
The Maples Group provides a full range of funds services to the industry’s heavyweights, as well as new entrants to the market, focusing on the structuring and establishment of Cayman Islands, Luxembourg, Irish and Jersey funds targeted at Japanese investors. We have recently published a comprehensive series of videos and articles that delve into the myriad opportunities Japan offers for investment managers and investors. These articles provide an in-depth analysis of the potential presented by both Japanese institutional and retail investors, as well as the lucrative prospects within private equity funds.