For years, Asian fund finance followed a familiar playbook. Private equity, venture capital and real asset managers in Singapore and Hong Kong typically raised capital through offshore vehicles, most commonly Cayman Islands Exempted Limited Partnerships (ELPs). Subscription line lending, security packages and credit analysis were therefore built around Cayman legal concepts, Cayman perfection mechanics and Cayman governance norms.
That model is changing.
Welcome to this week’s Spotlight, where we introduce you to Derrick Lau, counsel in our Hong Kong office. Among the matters Derrick regularly advises on are credit and special situations funds, private equity funds, bank lenders from new money investments to consensual debt workouts and restructuring.
Broader credit markets are experiencing a paradox in which capital formation continues at a brisk pace while signs of an advancing credit cycle are emerging. Both trends are evident in a roundup of private credit market news coverage this week.
Register today for the 10th annual Hogan Lovells Cadwalader Finance Forum, taking place Wednesday, December 2 at the Charlotte Convention Center, with programming covering commercial real estate, fund finance, private credit, and structured finance.
Hogan Lovells Cadwalader is proud to sponsor and host the Fund Finance Association's "FFA University 2.0: US" at our 200 Liberty Street office in New York on September 10.
Light reading this week: We zoom out to macro drivers influencing fund finance in 2026 and tell the story in charts.
Welcome to this week’s Spotlight, where we feature Iacopo Canino, a partner who practices out of our Milan office. Iacopo focuses his practice on leveraged finance and regularly assists lenders, borrowers, sponsors, and investors on a wide range of transactions including banking, high yield, and private debt financings.
"Before he was helping guide the largest law firm merger in history, Wes Misson ’07 was a first-generation law student at The Ohio State University Moritz College of Law."
Thus begins the Moritz College of Law profile of Wes Misson, Global Managing Partner – Finance at Hogan Lovells Cadwalader, who was recently appointed to the Moritz National Council to help advance the college’s mission and strengthen its alumni network.
Join colleagues from the fund finance community on Wednesday, October 28 for a memorable day on the golf course in support of the Alexander Youth Network, one of North Carolina’s largest providers of children’s mental and behavioral health services.