Profile
Joshua Heng advises fund managers and their investment funds on formation and restructuring matters. He works with all types of retail and private funds, including mutual funds, unit trusts, hedge funds, fund of funds, digital assets funds, venture capital funds, private equity funds, ETFs, and real estate funds.
His practice includes representing both institutional and private clients in their investments in funds and in structuring and negotiating joint venture, seeding, revenue sharing, carried interest, co-management and co-GP arrangements involving fund management groups.
Joshua also provides guidance to fund managers and their investment funds in investor negotiations, negotiating segregated managed account mandates and advising on cross border regulatory matters, including licensing and registration considerations, exemptions from licensing requirements, marketing arrangements, offering rules, conduct of business obligations and regulatory reporting requirements. He also advises fund managers and other licensed and exempt entities in setting up in the region, including on associated regulatory, employment and immigration considerations.
He has launched tokenized funds and has represented global asset managers involved in tokenizing the Variable Capital Company (VCC) as part of the Monetary Authority of Singapore’s Project Guardian.
Concentrations
- Formation and structuring of funds
- Representation of investors and LPs
- Seeding, revenue sharing, joint venture, co-management and co-GP arrangements
- Cross border legal and regulatory guidance and rules on securities laws
- Structuring, licensing and establishment of entities engaged in activities regulated or exempt from regulation under securities laws
- Employment and immigration
업무 분야]
주요 경력
- Acted as lead counsel in the launch of a Cayman Islands fund sponsored by a digital assets exchange with AUM of USD 500 million.°
- Acted as lead counsel to a spin out from a state owned strategic fund in the launch of their growth fund and health care funds structured as variable capital companies, with AUM of USD 250 million.°
- Acting as lead counsel in the launch of a Cayman Islands private equity fund investing in Thailand sponsored by a real estate group with target commitments of USD 250 million.°
- Acted as lead counsel in a launch of a fund structured as a variable capital company, investing in FMCG and other consumer companies, with AUM of USD 175 million.°
- Acted as lead counsel for the asset management arm of a sovereign wealth fund in the establishment of a fund of hedge funds structured with the variable capital company in Singapore.°
- Acting as lead counsel to a spin out from a sovereign wealth fund in the launch of a Cayman Islands fund making venture capital investments in Web3 and blockchain technologies, and in advising on their co-GP arrangements.°
- Acted as lead counsel in the launch of a fund investing in logistics infrastructure in Poland.°
- Acted as lead counsel in the launch of a fund structured as a variable capital company managed by an Indonesian banking group, making venture capital and impact investments.°
- Acted as lead counsel in the launch of a fund structured as parallel variable capital companies making venture capital investments in Korea and South East Asia.°
- Acted as lead counsel for a large Swiss banking group in respect of a variable capital company tokenization project, as part of the Monetary Authority of Singapore’s Project Guardian initiative.°
- Acted as lead counsel for a large U.S. asset management group in respect of a variable capital company tokenization project, as part of the Monetary Authority of Singapore’s Project Guardian initiative.°
- Acted as lead counsel for multiple global asset managers (including 2 with AUM of more than USD 1 trillion) in respect of the launch of variable capital companies structured as investment platforms.°
- Acted for an Indonesia banking group on the structuring, negotiation and implementation of a co-GP arrangement.°
- Acted for a venture capital manager with a licensed presence in Hong Kong and Singapore on the structuring, negotiation and implementation of their seed investor arrangements.°
- Acting as lead counsel in advising a Connecticut headquartered hedge fund group with over USD 100 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a listed New York headquartered private equity and private markets firm with over USD 190 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a New York headquartered multi strategy hedge fund with over USD 5 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a London headquartered hedge fund with over USD 80 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a Minnesota headquartered relative value fund manager with over USD 11 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a listed New York headquartered private and public credit specialist firm with over USD 25 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising an Illionis headquartered financial services firm covering products including ETFs, SMAs and closed-end funds with over USD 200 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a Netherlands headquartered asset manager with over USD 200 billion in AUM on obtaining a capital markets services licence for fund management.°
- Acting as lead counsel in advising a global merchant bank on carrying out exempt corporate finance advisory activities.°
- Acting as lead counsel to a global fund distribution platform based in Sweden with assets under administration of over USD 375 billion on obtaining a capital markets services licence for fund distribution.°
- Acting as lead counsel in advising other macro, hedge, relative value, private equity and venture capital fund managers on obtaining capital markets services licence for fund management.°
- Acting as lead counsel in advising digital asset, non-capital markets products, real estate and infrastructure fund managers on relevant exemptions from securities laws.°
°The above representations were handled by Mr. Heng prior to his joining Greenberg Traurig Singapore LLP.
학력 및 자격사항
- LL.B. (Hons), University College, University College London
- Singapore
- England and Wales