Esther Chiang

Private Investment Fund Formation

• Represented an established global private equity sponsor in launching its past two over $12 billion flagship funds, as well as two of its strategy-specific companion funds (each over $2 billion). Negotiated LPAs, placement agent agreements and side letters. Assisted in structuring fund entities and drafting private offering memorandum, operating agreements and other constitutive documents.
• Represented a defense and government contractor focused buyout fund sponsor in launching its $700 million fourth fund. Negotiated placement agent agreements, side letters and operating agreements. Drafted private offering memorandum, operating agreements and other fund constitutive documents.
• Represented a technology focused buyout fund sponsor in launching its $1.8 billion third fund and $3 billion fourth fund. Negotiated placement agent agreements, side letters and operating agreements. Drafted private offering memorandum, operating agreements and other fund constitutive documents.
• Represented an international government owned fund sponsor in launching its first third-party fund focusing on minority investments in private equity sponsors. Assisted in drafting offering materials, operating agreements and other constitutive documents.

Private Equity Sponsor Structuring and Minority Transactions

• Represented a well-known private equity sponsor focusing on technology investments in connection with its sale of minority stakes in itself to a consortium.

Secondary Transaction

• Represented a well-known private equity fund sponsor in an auction-style sale of a sleeve of fund investments to a consortium of secondary buyers.

Institutional Investor Representation

• Regularly represent a major pharmaceutical company in the negotiation of its strategic alliance relationships with certain biopharma focused venture capital funds.
• Regularly represent an European family office in the negotiation of its investments in credit funds, private equity funds and hedge funds.
• Represented an Asian insurance company in its investment in various private equity funds sponsored by well-known fund sponsors.

Engineer, Qualcomm, Inc., 2003–2006

Associate, Sidley Austin LLP, 2009–2012

Associate, Shearman & Sterling LLP, 2012–2014