Blackstone Sells Minority Interest in Arkkan Capital to TIG Advisors

Paul, Weiss represented a fund managed by a Blackstone advisor in the sale of a minority revenue share interest in Arkkan Capital, a Hong Kong-based alternative asset manager with approximately $1 billion in assets, to TIG Advisors, LLC. The Blackstone fund, which seeded the firm, will remain an investor in Arkkan’s fund. Terms of the transaction were not disclosed.

The Paul, Weiss team included corporate partner Udi Grofman and counsel Marian Shin; and tax partner Brian Grieve.