Private Equity and Investment Funds
Hylands is one of the earliest law firms in China to provide legal services for private equity and investment funds. Its business covers the establishment and registration of various private fund managers, the establishment and filing of funds, compliant operation, fund outbound investment, mergers and acquisitions, and exit, fund liquidation, as well as fund-related dispute resolution, etc., covering full-life-cycle legal services for funds. Based on a profound understanding of the investment management industry, Hylands can align with the latest industry development trends and develop constructive solutions truly tailored to clients’ specific needs, especially in the areas of investment fund structure design and outbound investment & mergers and acquisitions.
Hylands’ lawyers possess solid theoretical foundations, extensive professional experience, and keen business acumen. They are proficient in relevant laws, regulations and policies, maintain good communication with relevant regulatory authorities, stay updated on industrial policies and dynamics, and provide clients with comprehensive, multi-dimensional solutions and recommendations. Hylands has deep expertise in the private equity investment and fund sector over many years, with the clients including a number of well-known investment banks, private equity funds, venture capital firms, and other prominent enterprises that are highly active in industries such as TMT, automotive, consumer goods, real estate, and pharmaceuticals.
Services
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- Legal Services for Private Fund Registration and Filing
- Assist clients in completing the establishment, registration, and registration modification of private fund managers, including but not limited to designing the equity structure of fund managers, drafting organizational documents, handling industrial and commercial registration, conducting legal due diligence on fund managers, assisting clients in completing the compliance work of fund managers, issuing legal opinions on fund manager registration, and helping clients with matters related to fund manager modification; assist clients in completing the establishment and filing of fund products, including but not limited to designing and optimizing fund structures, filing fund products, conducting investor suitability investigations during fund raising, and drafting and negotiating fund contracts.
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- Legal Services for Private Fund Outbound Investment
- Assist clients in conducting investments in sub-funds. The service targets include various types of mother funds, S-funds, and government-guided funds. The service scope covers conducting legal due diligence on sub-fund managers and sub-funds, designing sub-fund transaction structures, and assisting in the drafting, review, and negotiation of fund contracts; assist clients in conducting direct equity investments. The service targets include various types of RMB and US dollar funds such as private equity funds, venture capital funds, M&A funds, and industrial funds. The service scope includes conducting legal due diligence on project companies, designing investment transaction structures, drafting transaction documents and participating in negotiations, and assisting in completing government approval and transaction closing.
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- Regular and Compliance Legal Services for Private Funds
- Provide regular legal services for the daily operations of fund managers and funds. The service scope includes but is not limited to providing legal consultation on the compliant operation of private fund managers, responding to regular and special inspections by the Fund Industry Association, offering compliance rectification legal services for the verification of abnormal operations of fund managers, assisting with the disclosure of regular and major event information, providing consulting services for the follow-up financing of invested projects of funds and domestic and foreign equity restructuring, conducting regular risk monitoring of invested projects that have not yet exited, and designing and implementing team co-investment and incentive mechanisms.
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- Legal Services for Private Fund Liquidation and Dispute Resolution
- Assist clients in implementing fund liquidation, specifically including helping clients fulfill the procedures required for liquidation, designing disposal plans for high-risk projects, representing clients in recovering debts of underlying projects, assisting clients in completing liquidation and cancellation, and disclosing information related to fund liquidation; act as the representative in dispute resolution cases involving fund managers and private funds, including representing cases where funds exit invested enterprises (such as disputes over repurchase rights, disputes over termination rights, etc.), representing fund managers in responding to lawsuits filed by fund investors, representing fund investors in filing lawsuits against managers (such as disputes over managers’ breach of fiduciary duties, etc.), and representing the enforcement procedures of fund-related disputes.

