Carol G. Liu
Overview
Clients described Carol as “a great leader,” “a top-notch funds counsel,” having “strong commercial awareness” while being "very detail-driven" and "very responsive, experienced and helpful at all times." Clients praised her "professionalism, calmness and confidence" in dealing with difficult negotiations and noted "her keen market insight, judgment, pragmatism and solution-oriented work style make her stand out." They appreciated her ability to "balance the client's needs with what is commercial and what is appropriate for the highly dynamic market." - Chambers Greater China, Chambers Asia-Pacific, Chambers Global and Legal 500
Carol Liu is a private investment funds partner of Kirkland & Ellis. She routinely advises and leads teams of lawyers advising global and Asian fund sponsors on structuring and forming private investment funds across a wide variety of strategies, including buyout, growth capital, venture capital, fund of funds, private credit, real estates and infrastructure, co-investment funds and separate managed accounts, in sectors across healthcare, TMT, consumer, the financial sector and others. She is frequently called upon to advise clients on delicate sponsor internal issues, such as designing carried interest and other compensation incentives, advising GP stakes transactions and succession planning issues. Clients also turn to Carol on a wide range of complex fund-related transactions, including GP-led restructuring of investment funds, LP tender offers, stapled secondaries, preferred equity transactions and LP portfolio sales transactions, and other complex transactions.
Carol has represented many prominent global and Asian sponsors, including, among others, Ardian, CBC Group, Creador, Eastern Bell, Forebright, GLP, Hidden Hill, Hillhouse Capital, Hosen Capital, IDG Capital, Integral Corporation, Legend Capital, Lilly Asia Ventures, Loyal Valley Capital, LYFE Capital, Orchid Asia, PAG Asia Capital, TPG Asia, TPP, Vertex Holdings and Warburg Pincus.
Carol is ranked as “Band 1” lawyer in investment funds by Chambers Global and Chambers Greater China 2022–2024 and recognized as a “Notable Practitioner” (Investment Funds: Private Equity) in Chambers Asia-Pacific 2021–2024. Carol has also been recognized for several years as a leading lawyer by a number of other reputable legal publications, including Legal 500 Asia Pacific, IFLR1000 and Who's Who Legal.
According to Chambers Asia-Pacific, Chambers Global and Legal 500, She is widely seen as "a great leader," being "very detail-driven" and "very responsive, experienced and helpful at all times." Clients praised her "professionalism, calmness and confidence" in dealing with difficult negotiations and noted "her keen market insight, judgment, pragmatism and solution-oriented work style make her stand out." They noted her recent successes include “funds in the biomedical, logistics, TMT and food and beverage industries."