Simpson Thacher advised Seven Seas Advisors Co., Ltd. (“SSA”) in connection with the formation of its inaugural fund, Seven Seas Japan Opportunity Fund, with aggregate capital commitments of ¥17 billion. The fund is structured as a “GK-TK” (godo kaisha-tokumei kumiai) arrangement and will focus on opportunistic real estate investments in Japan. Prior to establishing SSA in 2009, the founders of SSA had previously overseen Japan real estate operations at Lehman Brothers for nearly a decade.
The Simpson Thacher team included David Azcue, Adam Furber, Lily Rasel, Mai Kristofferson, Peter Thomas, Richard Zhang and Li Jiang (Asia—Private Funds); Nancy Mehlman, Jodi Schneider and Adam Hersch (Tax); Makiko Harunari and Atsushi Usui (Credit); Rony Rothken (New York – Private Funds); and Jeanne Annarumma (ERISA).