Patrick Liu

Partner, Broadfield Asia

Partner
Broadfield Asia

  • Founding partner of Liu, Patrick Ling & Co. LLP (PLL), a Hong Kong law firm operating associated with Broadfield.
  • Advises on the full investment lifecycle, including fund formation, GP strategic transactions, private equity investments, M&A, and joint ventures.
  • Over a decade of experience in Asia, following prior practice in the U.S., including as Counsel at Sidley Austin LLP in Hong Kong and Singapore.
Patrick Liu

About

Patrick Liu leads PLL’s Hong Kong practice, tailoring legal strategies to meet client business objectives in an evolving Asia-Pacific market. He focuses on private fund formation and private equity/M&A transactions. At his prior firm Patrick advised a diverse set of institutional investors, including sovereign wealth funds, pension funds, endowments, and family offices, as well as alternative asset managers in Hong Kong, Singapore, and North America. His experience spans fund structuring, operational matters, and GP strategic transactions such as continuation funds and secondaries.

Beyond fund formation, Patrick has extensive experience advising on private equity investments, cross-border M&A, and joint ventures involving multinational corporations and state-owned enterprises. His transactional work covers a wide range of industries, with a focus on technology, healthcare, energy, and infrastructure, including telecommunications and data centers. Clients value his commercial acumen and ability to craft innovative, market-driven solutions efficiently.

Patrick began his career at Sidley Austin LLP and later practiced at Sullivan & Cromwell LLP and Shearman & Sterling LLP (now A&O Shearman). He earned his J.D. from the UCLA School of Law and his bachelor’s degree from Princeton University, cum laude, with Certificates in Finance and Political Economy. He is fluent in English, Mandarin, and Cantonese.

Fund Formation

  • Some of the world’s most prominent sovereign wealth funds, state-owned investors, pension funds and non-profits in Asia and EMEA in investments totaling billions of dollars across funds with various fund strategies.
    • Commingled funds and funds of one targeting Greater Bay Area technology opportunities, Asia real estate, Japan buyouts, emerging markets infrastructure, among others.
    • Co-investments (including co-underwriting) in relation to portfolio targets in logistics, oil and gas, software and technology sectors, among others.
    • Club deals targeting data centers, Vietnam opportunistic real estate and China logistics.
  • UBS Asset Management, BlackRock and SC Lowy on the formation of several bespoke funds anchored by large government-affiliated sovereigns, in the real estate and private credit space.
  • March Capital, Wavemaker Partners and Proterra Asia in connection with various venture capital fund formation and ongoing matters.
  • CITIC Capital in the divestment of its 48% interest in Stockbridge, a real estate fund manager, to the Stockbridge founder.
  • Stonepeak, a leading infrastructure asset manager with US$57.1b in AUM, on its investment into Singapore-based AGP Sustainable Real Assets.
  • Seeding and revenue share arrangements in relation to hedge fund managers and venture capital fund managers.
  • Hedge fund portfolio manager spinouts and their managed account arrangements across multimanager platforms, such as Millennium.

M&A and Investments

  • China Telecommunications Group on its US$5.4b joint venture with Udenna Corporation in the Philippine telecommunications market, establishing Dito Telecommunity.
  • SAP SE on the sale of its China cloud communications business to Sinch AB as part of a €225m transaction.
  • Pre-IPO investments (investor and issuer side) in the healthcare (Jinxin Group, Jinxin Fertility and Microport CRM), technology (Yitu, Guazi and GoPay) and data centers (Bohao).
  • A buyer consortium led by Ally Bridge Group Capital Partners in its US$3.3b take-private of WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a U.S.-listed, Cayman-incorporated Chinese medtech company.
  • JP Morgan Chase, as financial advisor to the Special Committee of the Board of Directors, in the US$1.4b take-private of iKang Healthcare (NASDAQ: KANG).
  • Leyou Technologies Holdings Limited (HKSE: 1089) in connection with its privatization by a subsidiary of Tencent Holdings Limited (HKSE: 700) by way of a scheme of arrangement for US$1.5b.
  • The co-founder of a leading cryptocurrency mining company in its shareholder dispute and subsequent US$600m multi-tranche secondary share transfer and related debt financing.

  • State of California, 2012
  • Hong Kong, 2015

Areas of Focus

Education

UCLA School of Law, J.D. 2012
Princeton University, A.B. 2008

Memberships

  • Alternative Investment Management Association
  • APAC DEI Working Group

Languages

  • Chinese (Cantonese)
  • Chinese (Mandarin)
  • English
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