Clifford Chance Advises Man Group On QDLP Fund Establishment

Monday, February 16, 2015 - 15:13

Leading international law firm Clifford Chance has advised Man Group plc on establishing a Qualified Domestic Limited Partner (QDLP) fund in Shanghai, China to invest in Man Group's flagship multistrategy offshore fund. Chinese investors in the QDLP fund include institutional investors such as the Industrial and Commercial Bank of China (ICBC) and CITIC Trust. This completes Man Group's first phase of the QDLP program, which allows foreign alternative asset managers to raise funds onshore from qualified Chinese investors through their management units in China for overseas investment. 

Partner Ying White led the deal and said, "We were delighted to advise longstanding client Man Group on its first QDLP fund. This is an exciting development and could lead to further growth of the programme in Shanghai and elsewhere in China. It will provide international managers with a new source of capital and the Chinese investors with more choices of overseas investments." 

Ms. White was supported by Shanghai senior associate Yin Ge and Beijing trainee Yuxing Huang.