The Fund, which launched on 31 March 2026, is structured as a Cayman Islands unit trust and is authorised for public offering in Japan.
The Fund’s investment objective is to obtain capital appreciation over the medium and long term through investments in private assets globally, by indirectly investing in a diversified portfolio over time to avoid concentrated risk exposures and to provide sufficient liquidity for limited redemptions.
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 assisted by Associate Nicholas Lim and Senior Paralegal Veronica Chen.
Commenting on the transaction, Nick Harrold said: “This launch underlines increasing demand in Japan for high-quality, globally diversified private assets exposure, using a product structure long familiar to Japanese investors and distributors.”
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.