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Yong has extensive experience in the fund formation process. He is actively involved in all stages of fund formation, providing advice on terms and marketing strategy, negotiating with placement agents, drafting fund and sponsor documents, negotiating with investors, and providing advice on internal sponsor and management company arrangements. He also represents private equity and venture funds as well as strategic investors in their investment and M&A transactions.

Among his clients are both U.S. and Asia-based private equity, real estate and venture fund sponsors and leading institutional investors (including sovereign wealth funds, funds of funds, pension plans and private endowments) that invest in buyout, hedge, real estate, infrastructure and venture capital funds.  He is also active in representing Korean investors and lenders in their debt and equity investments into U.S. real estate assets.

Yong plays a leading role in Stroock’s efforts in Korea.  He has spoken or moderated at a number of industry conferences in both Korea and the United States and has presented at Harvard Business School and Seoul National University.

Representative Matters

  • An international investment bank in the proposed formation of a $750 million buyout fund.
  • A Korea-based private equity sponsor in the formation of a $200 million buyout and growth equity fund.
  • A Korea-based private equity sponsor in the proposed formation of a $500 million buyout fund.
  • A Korea-based private equity sponsor in the proposed formation of a $150 million fund.
  • An Indonesia-based private equity sponsor in the formation of a $300 million fund.
  • A Silicon Valley-based growth equity fund sponsor in the formation of a $150 million fund concentrating on Southeast Asian investments.
  • A U.S.-based hedge fund sponsor in the formation of a family of hedge funds.
  • A Silicon Valley-based venture fund sponsor in the formation of a $200 million late-stage venture fund.
  • A US-based infrastructure fund sponsor in the formation of its first two multi-billion dollar infrastructure funds.
  • A U.S.-based fund sponsor, in the formation of its debut $175 million consumer products oriented private equity fund.
  • A U.S.-based fund sponsor in the formation of its third $350 million venture fund.
  • A major Asian sovereign wealth fund in over 50 investments into private equity, infrastructure, real estate, hedge funds and co-investment transactions.
  • A Middle Eastern sovereign wealth fund in over 30 investments into private equity and hedge funds.
  • A Canadian pension plan in negotiations of MOUs with Korean institutional investors and syndication of infrastructure transactions.
  • A major Korean conglomerate in various private equity fund investments and joint venture transactions.
  • Leading global fund of fund advisors in over 100 investments into private equity funds, venture funds and private equity co-investment transactions.
  • A Korean private equity sponsor in a $500 million bid for a Korean defense company, including assistance with locating investors for its syndicate.
  • A sovereign wealth fund in a proposed $200 million investment a European listed company.
  • A Korean private equity sponsor in a proposed $50 million investment into a Korean pharmaceuticals company.
  • A Korean private equity sponsor in various proposed investments and M&A transactions into international public and private pharmaceutical companies.

Speeches & Events

  • Moderator, Impact Investments Panel, The Association of Asian American Investment Managers National Conference (Palo Alto, CA, 2014).
  • Guest Lecturer, Industrial Economics Seminar at Seoul National University, by invitation of Professor Un-Chan Chung, former Prime Minister of the Republic of Korea (Seoul, Korea, 2013 and 2014).
  • Guest Lecturer, Private Equity at Yonsei University (Seoul, Korea, 2014)
  • Speaker, Cleantech Korea Forum, hosted by KOTRA (San Jose, CA, 2012).
  • Panelist, Private Equity Panel, Harvard Asia Business Conference (Cambridge, MA, 2011).
  • Moderator, Korean Limited Partners Panel (representing well over $350 billion of assets under management), Korean Private Equity / Venture Capital Forum, hosted by the Ministry of Knowledge Economy and InvestKorea (Seoul, Korea, 2010).
  • Speaker, "Private Equity Fund Formation," Korean Private Equity / Venture Capital Forum, hosted by the Ministry of Knowledge Economy and InvestKorea (Palo Alto, 2010).
  • Speaker, "Private Equity Fund Formation," Korean Private Equity / Venture Capital Forum, hosted by the Ministry of Knowledge Economy and InvestKorea (Los Angeles, 2010).

Publications

  • Co-author, "Venture Capital Investment in the United States: Market and Regulatory Overview," Thomson Reuters Practical Law, May 2020

Languages

  • English
  • Korean

Admitted To Practice

  • California
  • Massachusetts

Education

J.D., cum laude, Harvard Law School, 2000

M.S., California Institute of Technology, 1996

A.B., Princeton University, 1994