Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Blackstone Alternative Asset Management L.P. (Blackstone) on its launch of a new fund for ANZ’s high-net worth clients (HNW), targeting A$1 billion.
Blackstone, the world’s largest alternative asset manager, with over US$1 trillion in assets under management, has designed and manages the Graphene Alternative Fund exclusively for ANZ Private clients. The fund is an absolute return strategy for HNW investors and provides access to funds typically reserved for institutional mandates.
Led by Corrs funds and financial services partner Fadi Khoury, and supported by tax partner Mark Payne, Corrs advised on all aspects of the launch.
Commenting on the matter, Fadi Khoury said: “We are pleased to advise Blackstone on this significant collaboration with ANZ. It reflects the increased strategic allocation by advisers to alternatives in client portfolios. The launch highlights Corrs’ capabilities as a leading adviser on sophisticated product offerings within the fund management sector.”