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The HarbourVest Singapore Team

Thong Kin Wai

Senior Vice President

Singapore

About Thong

Thong Kin Wai joined HarbourVest in 2022 as Asia counsel. He focuses on fund formation, corporate governance, and general legal support for business and operational matters. Kin Wai joined the Firm from Bank of Singapore where he led the structuring and risk functions for the private markets and alternatives desk. Prior to that, he was the Asia regional head of structuring at Partners Group where his team was responsible for fund formation, mandate solutions and product development. His prior experience also includes a senior counsel role at Deutsche Bank (Hong Kong) where he supported the bank’s asset management and wealth management business divisions.

Kin Wai received an LL.B. from National University of Singapore, and a BSc in Banking and Finance from University of London (in association with London School of Economics and Political Science). Kin Wai is fluent in Mandarin and speaks conversational Cantonese.

Continuation solutions encompass a host of transaction types in which a GP secures interim liquidity and/or additional primary capital for their LPs in a strongly performing asset, or set of assets, that the GP will continue to own and control. Specifically, they include continuation funds, new funds created by GPs for the purpose of acquiring the asset(s) that continue to be managed by the same GP and capitalized by one or several secondary buyers, or equity recapitalizations involving a direct equity or structured equity investment into a portfolio company. These transactions can also include a parallel investment from the GP’s latest fund into that same pool of assets (a “cross-fund trade”).