Sijia Cai
Advises on the organization, marketing and operation of private investment funds and on complex secondary transactions. A 2024 Law360 “Rising Star” in fund formation.
Sijia advises fund sponsors on the formation and operation of investment funds in a variety of strategies and asset classes, including private equity funds, hedge funds, real estate funds, “hybrid” funds and debt funds. She also advises fund managers on fund-related aspects of M&A transactions, including deal structuring and co-investment arrangements.
Sijia represents fund sponsors and investors in connection with a broad range of complex secondary transactions – including continuation vehicle transactions, portfolio sales, tender offers, structured secondaries, synthetic secondaries and fund restructurings across various sectors.
She also advises fund sponsors on internal operations and firm management matters, including governance, compensation, succession planning and separation arrangements, as well as regulatory and compliance matters.
In 2024, Law360 named Sijia a “Rising Star” in fund formation and Secondaries Investor named her among the “Next Gen Leaders of Secondaries.”
Experience
Fund formations
- Rubicon Founders on the formation of Rubicon Fund II (and related vehicles), a $1.18 billion private equity fund
- TruArc Partners (successor to Snow Phipps) on the formation of TruArc Fund IV (and related vehicles), an $841 million private equity fund
- TruArc Partners on its acquisitions of Lamark Media Group, Molded Devices, Trademark Cosmetics, Watchtower Security and Meyer Laboratory, and related co-investment arrangements
- GHK Capital Partners on its $870 million fundraise for GHK Fund II and $410 million fundraise for its inaugural fund
- GHK Capital Partners on its acquisitions of Hasa, ITS Logistics, Auveco, WSB Engineering and JohnsByrne, and related co-investment arrangements
- Morgan Stanley AIP in connection with the formation of Ashbridge Transformational Secondaries Fund II, a $2.5 billion secondaries fund
- A global asset manager on the launch of its flagship hybrid hedge fund
- Mudita Management on the launch of its flagship hybrid hedge fund
- Mudrick Capital Management on various private fundraisings and separately managed accounts
- Trilantic Capital Management on its investments in DJR Energy and related co-investment arrangements
- Czech Asset Management on the formation of the SJC Direct Lending Fund III complex, a $1.8 billion direct lending fund
Secondaries and other transactions
- A leading asset manager on a $1bn GP-led secondary transaction involving multiple assets in a fund complex
- White Deer Energy on its single-asset GP-led secondary transaction involving Flogistix, LP
- A global bank’s alternative investment group in connection with multiple GP-led secondary transactions and LP portfolio sales
- Coller Capital on multiple investments in GP-led secondary transactions
- CPPIB on multiple secondary and strategic transactions
- A secondaries focused investment firm in connection with multiple secondary transactions
- A credit fund manager on a GP-led secondary recapitalization of a fund complex
- An asset manager on multiple GP-led secondary transactions involving liquid and closed-end funds
- Enfoca Asset Management on a $950 million GP-led secondary recapitalization of several funds
- A global bank in various co-investment and strategic investment arrangements with private equity and venture capital sponsors
Insights
News
Recognition
Law360 – “Rising Star: Fund Formation,” 2024
Secondaries Investor – “Next Gen Leaders of Secondaries,” 2024
Education
- summa cum laude
Qualifications and admissions
- State of New York