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 KKR Private Markets Equity Fund (the "Fund").
The Fund, launched on 30 April 2025, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan.
The Fund's investment objective is to generate attractive risk-adjusted returns with lower volatility relative to public markets and achieve medium-to-long-term capital appreciation through investments in global private markets. The Fund provides investors with the ability to participate in all current and future KKR managed private equity strategies. These strategies include traditional private equity, middle market, growth equity, core investments and global impact. The objective is to create a dynamically managed portfolio that is diversified by sector, industry, geography and vintage.
A team of lawyers based in the firm's Singapore office acted as Cayman Islands counsel to UBS and was led by Funds & Investment Management Partner, Nick Harrold and Associate, Costa Valtas.
Commenting on the transaction, Nick Harrold said, "We are witnessing a significant increase in demand for private markets, particularly private equity, from Japanese investors. The Fund is strategically positioned to capitalise on this growing interest, providing an investment vehicle designed to meet the needs of this market".
Japanese legal advice was provided by Anderson Mori & Tomotsune.
The Maples Group's Japanese Funds practice advises and provides funds services to the industry's heavyweights, as well as new entrants to the market, on the structuring and establishment of Cayman Islands, Luxembourg, Irish and Jersey funds targeted at Japanese investors.