CreditEase Forms One of the First China Outbound Funds of Funds Using Fast Track Scheme

July 16, 2015

Shanghai and U.S. - Paul Hastings LLP, a leading global law firm, announced today that the firm represented CreditEase Global Investments GP I, Ltd. (“CreditEase”) in its formation of an offshore private equity fund (the “Fund”) and its investment in various real estate projects and funds around the globe. The Fund held its first closing on July 1, 2015, raising capital from a diverse investor base including, among others, investors in China.

In addition, Paul Hastings assisted CreditEase in the formation of feeder funds established in the Shanghai Free Trade Zone which can directly invest in the Fund, offering a channel for CreditEase’s Chinese customers to participate using RMB in additional investment opportunities outside of China.

As a leader in China's wealth management industry, CreditEase offers customized wealth management services to China's emerging middle class and high net-worth individuals. It provides the world’s largest P2P microcredit platform, which was pioneered by CreditEase has become a popular fixed-income investment method across the nation.

The cross-border team was led by Shanghai partner Wayne Ma (Real Estate), U.S. partners Robert Carlson (Corporate), and Tom Wisialowski (Tax), with support from of counsel Paul Guan (Real Estate) and associates Meka Meng (Corporate), and Sarah-Jane Hornbeek (Tax).

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.