WEIL GOTSHAL EXPANDS FUNDS PRACTICE IN ASIA
HONG KONG (May 3, 2010) – International law firm Weil, Gotshal & Manges announced today that John Fadely has joined the firm’s Hong Kong office as a partner and a member of the firm’s top-ranked global funds practice.
Mr. Fadely has extensive experience in Asia representing international and Asia-based sponsors in the formation and restructuring of Asia-focused private investment funds, including private equity funds, real estate funds and hedge funds, as well as in the formation of joint venture investment vehicles and carried interest plans. Mr. Fadely has also been active in representing institutional investors in private funds, including the formation of sizable co-investment vehicles.
Notably, Mr. Fadely (who is fluent in Mandarin Chinese) has been at the forefront of the recent formation of RMB private equity funds. He will work closely with Weil’s Shanghai and Beijing offices on China-focused funds and with the firm’s global fund formation group on global and Asia-focused funds. In addition, having practiced law in Japan for three of his eight years in Asia, Mr. Fadely will also continue to work on funds formed to invest in Japan and other Asian jurisdictions.
Mr. Fadely holds a B.A. from Princeton University (summa cum laude), where he majored in East Asian studies, and received a J.D. from Columbia School of Law, where he was a Harlan Fiske Stone Scholar, and an MBA from Columbia Business School. He is admitted to practice law in New York, California and Hong Kong. John Fadely joins Weil as a partner from the Hong Kong office of Clifford Chance, where he was a corporate partner in the funds group.
Weil Gotshal has long formed funds for leading private equity, real estate and hedge fund sponsors in the U.S., Europe and Asia.
“Expanding our funds practice in Asia will allow us to better serve fund sponsors globally, particularly given the increasing focus of sponsors on Asia for both their fundraising and investment activities,” commented Barry Wolf, Executive Partner of Weil and prominent funds lawyer. “John brings to these clients both an understanding of international market norms and substantial experience in adapting those norms as necessary to the commercial, regulatory and tax environments in Asia.”
“John’s fund formation practice naturally builds on the strength of our Asia transactional practice. His addition will help us to continue delivering comprehensive support in Asia to private equity and other fund sponsors through all phases of the investment cycle, from capital formation to capital deployment and exit,” noted Weil’s Managing Partner for Asia, Akiko Mikumo.
“We are delighted that John is joining us. John will bring an added dimension to our clients, especially given the increasing importance of RMB funds and onshore-offshore fund structures to the China private equity market,” added Steven Xiang, Head of the firm’s China practice.
Weil, Gotshal & Manges (www.weil.com), an international law firm of over 1,200 lawyers, and 300 partners, is headquartered in New York, with offices in Beijing, Boston, Budapest, Dallas, Dubai, Frankfurt, Hong Kong, Houston, London, Miami, Munich, Paris, Prague, Providence, Shanghai, Silicon Valley, Warsaw, Washington, D.C. and Wilmington.