Leading offshore law firm Mourant Ozannes has acted as Cayman Counsel to Vision Knight Capital Partners on the launch of its second China private equity fund, Vision Knight Capital (China) Fund II LP.

The fund, which will invest in the consumer retail, internet and e-commerce sectors, was oversubscribed after only four months in the market and successfully achieved its hard cap of US$550million, attracting a broad range of global institutional investors.

Private equity firm Vision Knight Capital Partners was co-founded in 2011 by David Wei, formerly the CEO of Alibaba.com, and Daming Zhu, a partner of DT Capital. 

Mourant Ozannes investment funds team, which comprised lead partner Alex Last, Senior Lawyer Bronwyn King and Associate Pui Yee Lai worked alongside fund formation counsel Kirkland & Ellis.