Morrison & Foerster advised Sino-Ocean Capital on the formation of a US$600 million China real estate special situations fund (“the Fund”). The Fund is one of the first U.S.-dollar-denominated special situations funds focusing on residential special situation investments in core cities in China. Investments will be located in select cities across China including in the Yangtze River Delta and the Greater Bay Areas.
Founded in 2013, Sino-Ocean Capital is a private equity and real estate firm headquartered in Beijing, China. The firm’s business includes real estate investment, credit investment, private equity investment, strategic investment, and investment advisory. Sino-Ocean Capital has partnered with several of the largest sovereign wealth funds and institutional investors in several private investment funds. The Fund is the fourth U.S.-dollar fund raised by Sino-Ocean Capital.
The MoFo team was led by Hong Kong partner Serena Tan, deputy co-chair of the firm’s Global Private Funds Group and chair of its Greater China Private Funds practice. Other key team members included Hong Kong-based tax partner Matthew Lau and associates Jingyi Wang, Conan Chen, Joanna Wang, Eric Xu, and Andrew Chin.