Hogan Lovells assisted 21 Partners in the joint venture with Aberdeen Standard Investments (21 Aberdeen Standard Investments Limited), for the management of a new €1bn private equity fund.

21 Aberdeen Standard Investments Limited will be a UK based 50:50 joint venture. The investment strategy for the fund will target active non-controlling interests with a focus on providing patient capital for the long term. The Board of the JV will be led by Alessandro Benetton with the members drawn equally from both JV partners.

The cross border team of Hogan Lovells was led by the Italian country managing partner Luca Picone, with the senior associate Fabio Caviglia, and with a team based in the London office composed by Tom Whelan (partner), Hannah Logan (senior associate), and Catherine Lin (associate), for English corporate law aspects, and Jonathan Baird (partner), for regulatory issues.