APAC Market Insights

Hong Kong Assures Its Competitiveness as a Private Equity Hub

We explore the key features of Hong Kong’s Limited Partnership Fund and how it can prevail in a competitive landscape.

December 2020

Hong Kong’s much-awaited Limited Partnership Fund (LPF) regime came into effect on August 30, 2020, addressing the shortfalls of the Limited Partnership Ordinance structure.

The LPF regime offers a more flexible framework that is likely to appeal to a broader spectrum of investment managers. By providing a regime that is better-suited to the needs of the industry, the government aims to cement Hong Kong’s position as the go-to international center for private equity firms. So will the new structure live up to its billing?