Legend Capital extends LC Fund IV

Legend Capital announced on February 17 that it has completed a US $ 200 million transaction for extending a fund’s holding period, which will provide the investors of LC Fund IV with liquidity options to maximize the value of the portfolio.

Legend Capital announced on February 17 that it has completed a US $ 200 million transaction for extending a fund’s holding period, which will provide the investors of LC Fund IV with liquidity options to maximize the value of the portfolio.

Hamilton Lane Inc. (NASDAQ:HLNE)served as lead investor in the transaction with several other prominent institutional investors participating in the syndicate. The investors also committed follow-on capital for strategic investments in the portfolio companies.

Campbell Lutyens was sole financial adviser to the fund. Kirkland & Ellis and Ropes & Gray provided legal advice.

“The successful acquisition of a portfolio of companies by the fund is one of the first transactions of its kind in China and an important milestone in the Chinese private equity market,” said Immanuel Rubin, partner of Campbell Lutyens. “We expect to see more transactions such as this one, which demonstrate the opportunities available for GPs in the secondary market.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/legend-capital-extends-lc-fund-iv/.

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