Zhong Lun Advised on the Establishment of Funds and their Investment for subsidiaries of Noah Private Wealth Management
Zhong Lun Advised on the Establishment of Funds and their Investment for subsidiaries of Noah Private Wealth Management
Zhong Lun Law Firm advised Noah Private Wealth Management on the establishment of a real estate fund and the investment in a Chengdu real estate project under the control of Chongqing Loncin Real Estate Group Co. Ltd. The total amount of this transaction is around RMB 350 million; advised on the established real estate fund set up by Noah Private Wealth Management and Wanke Group and its investment in the real estate projects under the control of Wanke Group. The total amount of this transaction is around RMB 1.58 billion; advised Gopher Asset on its establishment of a real estate fund and its investment in the real estate project under the control of Rong Hui Group. The total amount of this transaction is around RMB 770 million.
Partner Catherine Chen and associates Lance Wang and Jacqueline Yang of Zhong Lun compose the professional team, serving as the legal counsel for the aforesaid projects and providing all-sided legal service.
The general partner of the first fund is a subsidiary of Noah Private Wealth Management. The general partner of the second fund is a business entity (“JV GP") which is jointly established by Gopher Asset and a subsidiary of Wanke Group. The fund is the first real estate fund set up and managed by the JV GP. Wanke Group is a listed company in Shenzhen Stock Exchange (Code: 000002). Gopher Asset is a subsidiary of Noah Private Wealth Management and it provides all-around asset management and asset allocation service for high net worth individuals, wealthy families and institution investors, with its core business of Private Equity FOF, Real Estate FOF, Fixed income FOF and Family wealth management. Noah Private Wealth Management (NYSE: NOAH) provides asset allocation and management service for high net worth individuals and institutional investors and wealth management as its core business.