The team at Carey Olsen is ‘fully dedicated to a matter 24/7 until it is closed‘, and is adept in work with Jersey-domiciled funds. The group is experienced across the spectrum of asset classes, with strengths in private equity and private equity secondaries, real estate, infrastructure and credit funds, as well as hedge and listed funds, and digital asset funds. The practice is jointly led by international private equity and real estate funds expert James Mulholland and Robert Milner, who focuses on advising boutique and institutional fund managers on establishing private, expert, unregulated and listed Jersey funds. Daniel O’Connor (‘relentless in his pursuit to deliver quality advice to clients adapted to their specific needs‘) specialises in structuring and formation of investment funds and is experienced in the transactions of offshore structures. Christopher Griffin (‘incisive, knows investment funds, takes the right point‘) has expertise in the regulatory aspects of fund launches and joint ventures. Counsel Claire Le Quesne is building a strong practice focusing on fund structuring and restructuring, co-investments and portfolio acquisitions. ‘Omnipresent‘ counsel Andrea Steel draws on previous experience in in-house roles to advise on fund regulation.
Investment funds in Jersey
Carey Olsen
Responsables de la pratique:
James Mulholland; Robert Milner
Autres avocats clés:
Daniel O’Connor; Christopher Griffin; Claire Le Quesne; Nienke Malan; Andrea Steel
Les références
‘The team is fully dedicated to a matter 24/7 until it is closed. As a client, you get the impression that they only service you. Responsiveness and solution-oriented advice is second to none. They intuitively know what the client wants and deliver it. All the time and energy is dedicated to finding the optimal solution for the client without compromise or exceptions.’
‘Daniel O’Connor is relentless in his pursuit to deliver quality advice to clients adapted to their specific needs. When there’s a problem to solve he’ll stop at nothing to get you the answer. Together with his deep industry and client knowledge this enables him to provide spot-on advice each and every time. His full commitment and project management skills ensure that even the biggest projects are completed in an efficient manner and on time.‘
‘Andrea Steel is omnipresent on any matter she works on with encyclopaedic knowledge of each and every transaction step taken so far and status of pending items. This together with her positive attitude make any collaboration a pleasant experience for parties involved.’
Principaux clients
Apollo Global Management
Appian Natural Resources Fund GP II
Binance (Jersey)
Bregal Capital
Capital & Counties
CBRE Global Investment Partners
Centricus Partners LP (formerly F.A.B. Partners LP)
Criptyque Limited
Davidson Kempner European Partners
Delancey Real Estate Asset Management
Diginex Limited
ED Group Holding
EJF Investments
EMK Capital
EPIC Private Equity
Epiris Managers (formerly Electra Partners)
FSN Capital Partners
GCP
Grainger
Gramercy Europe (Jersey)
Gulf Islamic Investments
Hermes GPE
Hollyport Capital
Insight Venture Partners
Janus Henderson Group
Kennedy Wilson Europe Real Estate
Lothbury Investment Management
M7 Real Estate Financial Services
Mondrian Investment Partners
Nordic Capital
Oaktree Capital Management (UK)
Patron Capital Advisers
Quinbrook Infrastructure Partners
Realty Income Corporation
RK Investment Management
Schroder Real Estate Managers (Jersey)
Softbank Group Corp
The Blackstone Group
Unigestion
Principaux dossiers
- Advised Blackstone Capital Partners and Blackstone Real Estate on its acquisition of Bourne Leisure, a premier UK holiday company. The total deal value was approximately £3 billion.
- Advised Nordic Capital on all Jersey aspects of its first Evolution Fund structuring and formation. The Fund was substantially oversubscribed at its EUR 1.2 billion hard cap.
- Advised a new Jersey Listed Fund, on its establishment and regulation in Jersey, and admission to trading on the Specialist Fund Segment of the London Stock Exchange (LSE) Main Market. The IPO raised £300 million of gross proceeds.
Mourant
Mourant is active across the Jersey funds space, advising on all alternative and private capital fund asset classes, including more recently crypto and digital asset funds. The team provides an integrated legal and regulatory service, augmented by its colleagues in the finance, corporate, litigation, employment and data protection departments, and able to draw on the firm’s standalone consultancy arm Mourant Consulting. Felicia De Laat heads the Jersey practice, taking the lead in the firm’s relationships with tentpole clients CVC, Schroders and Arrow Capital. Ben Robins is the global investment funds practice leader. Alistair Horn has vast experience in the establishment and launch of open and closed-ended investment funds and structures, and is also an expert in restructuring an the financing of investment structures. He also leads the firm’s cryptocurrency fund offering. Daniel Birtwistle is also a key member of the team. Making partner in February 2022, Alex Henderson has a broad practice spanning the establishment and regulation of investment structures, with a focus on private equity, real estate, venture, and debt funds.
Responsables de la pratique:
Felicia de Laat; Ben Robins
Autres avocats clés:
Alistair Horn; Joel Hernandez; Daniel Birtwistle; Mark Chambers; Alex Henderson
Les références
‘In-depth knowledge throughout the whole team structure, which allows them to be super-responsive. I like their pragmatism and decisiveness. Also, super-well connected to the Jersey regulator, which clients clearly benefit from.’
‘Have been working together with Mark Chambers and Alistair Horn for many years now. They are easily approachable, are good listeners and come up with creative, but pragmatic solutions.’
‘We have been incredibly impressed with the quality of service at Mourant. Initially, we were concerned that Jersey as a smaller jurisdiction would not have the depth of talent necessary to keep pace with the major onshore legal centres with whom we work for deals. In Mourant’s case, those concerns were totally unfounded: they have been as good or better than the onshore white shoe law firms with whom we routinely work – technically, commercially, and also interpersonally.’
Principaux clients
3i Investments
Abrdn
Accent Equity Partners
Actera Group
Activum SG
Alcentra
Alpha Associés Conseil
Alpha Capital Partners
Archer Capital
ARDIAN
Arowana
Arrow Global (AGG Capital Management)
Bancroft
Beechbrook Capital
BlackRock Financial Management
BNP Paribas
British Land Company
Brevan Howard Asset Management
Brook Bay Capital
Brooks Macdonald Group
Cale Street Partners
Cambridge Innovation Capital
CapVest Partners
Catalyst Capital Management
Chalfen Ventures
Cheyne Capital Management
Citigroup
Columbia Threadneedle Investments
Coriolis Capital
Credo Ventures
CVC Capital Partners
CVC Credit Partners
Deutsche Private Equity
DN Capital
Dragon Capital
DRC Capital
DTZ Investors
Elevation Advisors LLP
Equip Capital
Felix Capital Partners
Fiera Real Estate
FIL
Generation Investment Management
GI Partners
Greenbridge Partners
Grosvenor Group
HBM Partners
Henderson Park Capital Partners
Highland Europe
IG4 Capital
IL&FS Investment Managers
Innova Capital
Intriva Capital
Invesco
Invision
J-Star
Kingsbridge Capital
LaSalle
Legal & General
London Strategic Land
Long Harbour
Luxgrove
Lyxor Asset Management
Man Investments
Northzone Ventures
Nuveen Real Estate
Oaktree Capital Management
Orbis Investment Management
Principal Global Investors
Private Label
Qsix Residential
Queensgate Investments
Resolution Property
Savills Investment Management
Schroders
Ship Street Advisors
Signal Capital Partners
Société Générale Group
Sole Shipping
SNÖ Ventures
STANLIB
Stenham
Stonehage Fleming
Strategic Capital Advisors
Sumitomo Mitsui Trust & Banking
Summix Capital
Swiss Equity Capital Partners
Talis Capital
Taxim Capital Partners
TDR Capital
The Ardent Companies
The Blackstone Group
Triton Investments Advisers
UBS
Valeo Groupe
Ventiga Capital
Vision Capital
Vitol Group
Vitruvian Partners
White Peak
Principaux dossiers
- Advised The Battersea Power Station Development Company (and its consortium of Malaysian investors) on The new £1.1bn London Northern Line Extension and the Zone 1 Battersea Power Station underground station opened in 2021 marking a major milestone for the Battersea Power Station regeneration project.
- Advised joint owners Legal & General Group and Mitsubishi Estate on the US$1bn sale to Google of Google’s London office in the Central Saint Giles development in Holborn.
- Advised SNÖ Ventures II AS in connection with the establishment of the SNÖ Ventures II Fund. The Fund has been set up as a Jersey Private Fund and is targeting raising total commitments from investors of up to approximately NOK850 million. With a principal geographical focus on Norway, Sweden, Denmark, Iceland and Finland, the Fund will target equity and equity related investments within the technology sector.
Ogier
Ogier is a mainstay of the Jersey funds market, leveraging the firm’s presence across global offshore jurisdictions, London and Luxembourg. The team has a strong venture capital practice, and is active in the private equity space. It has vast experience in investment fund launches, and regularly assists clients with fund closings and acting for funds traded on the main market of the London stock exchange. Niamh Lalor is the leader of the practice, with a focus on specialist funds and financial services regulation. Emily Haithwaite is an expert in AIFMD regulation, as well as handling a wide variety of fund transactions and ESG-related issues. Sophie Reguengo and managing associate Alexandra O’Grady are also recommended.
Responsables de la pratique:
Niamh Lalor
Autres avocats clés:
Emily Haithwaite; Sophie Reguengo; Alexandra O’Grady; Matt McManus
Les références
‘Good broad funds’ knowledge with an increasingly strong funds’ team.’
‘Sophie Reguengo – very helpful and knowledgeable. Very easy to work with and good at problem solving. Emily Haithwaite – great funds knowledge. Matt McManus – great to work with. Really knows funds.’
‘A pleasure to deal with – knowledgeable, responsive, clear.’
Principaux clients
AEW Capital Management LP
Cain International
Cevian
CQS
Deutsche Asset Management
DWS Real Estate
Ethos Private Equity
Global Infrastructure Partners
HSBC Bank plc – Jersey
London Venture Partners
Alexander Forbes
Pinebridge Benson Elliot
Julius Baer
IK Partners
Alpstone Capital
Index Ventures
Intermediate Capital Group PLC
Knight Frank Investment Management
Knife Capital
Salt Equity Partners
Alanda Capital
Deutsche Finance International
Medicxi Ventures
Pacific Equity Partners
Paloma Capital
Palamon Capital Partners
Pemberton Asset Management
Quadriga Capital
Schroders Capital
Therium Capital
Jigsaw VC GP Ltd
Brooks Macdonald Asset Management International Limited
EPIC Management Limited
Valor Real Estate Partners
Darwin Capital
UBS
Principaux dossiers
- Advised Index Ventures on the closing of Index Ventures Growth VI which raised $2 billion.
- Advised Cain International on the second and final close of Cain International European Real Estate Opportunity Fund I LP, a Jersey limited partnership authorised as a Jersey Private Fund.
- Advised Deutsche Finance International on the establishment DFI European Value-Add Fund II Parallel LP, a Jersey limited partnership authorised as a Jersey private fund.
Appleby
Appleby‘s practice spans asset classes, including real estate, private equity, debt, infrastructure and technology funds, able to draw on a global offshore office network that enables it to service European, US and Middle Eastern clients. The team is known for its innovative work, advising on fully regulated Jersey LLP structures, the conversion of unregulated funds into regulated funds, and hybrid offerings of Jersey PE funds. Andrew Weaver is the practice head, with a strength in financial services regulatory advice. Senior associate Paul Warsnop advises lenders in the fund finance space on financing, structuring and on-going regulatory issues. Counsel Gemma Whale is another recommended lawyer for fund regulatory issues.
Responsables de la pratique:
Autres avocats clés:
Paul Worsnop; Gemma Whale
Les références
‘Having engaged with Appleby for many years we have always found them to be very professional, diligent and they bring a wealth of experience on all matters involving Jersey Company Law and regulations.’
‘Paul Worsnop is our regular contact point at Appleby. Paul has always delivered to a high standard and understands the tight deadlines that often occur on Private Equity transactions. Appleby are our Jersey legal experts and we rely on their advice and guidance on Jersey Company Law in many of out transactions and Jersey Company structures.’
‘We have a long standing relationship with Appleby and as a Fund Administration Firm we appreciate the depth of knowledge they have of our clients, and the way in which we like to work. There is always a sense of a settled team with knowledge being passed on when new team members work on our clients.’
Principaux clients
Altor Funds
Autonomy Capital Management
Elliott Associates, L.P.
HV Capital (formerly HV Holtzbrinck Ventures)
JNA Holdings Limited
LCM Partners
LondonMetric Property PLC
Montana Capital Partners
Paragon Partners
Qannas Investments Limited
Stirling Square Capital Partners
Tritax Group
Principaux dossiers
- Advised on the formation of the world’s largest ethical, Sharia’ah compliant investment fund focused on fintech private equity investments.
- Acted as Jersey counsel to LondonMetric Property PLC in connection with the acquisition of Savills IM Income & Growth Fund for GBP 122,000,000.
Bedell Cristin
Bedell Cristin has broad funds expertise, spanning expertise in fund formation, investment syndicates, club deals, as well as the regulation of funds and their transactions. The team is instructed by fund managers, administrators, banks and investors at every stage of a fund’s existence. Real estate funds and deals a particular strength, and the firm counts investment managers, institutional and sovereign wealth investors as clients in this respect. The private equity practice is also active. Martin Paul leads the department and is a veteran of the funds space. Richard Le Liard focuses on venture capital and private equity, advising on fund establishment and regulatory compliance. Counsel Stephen Ferguson has expertise in shariah-compliant funds. Senior associate Louise Ridgway is well-known with fund manager clients.
Responsables de la pratique:
Martin Paul
Autres avocats clés:
Richard Le Liard; Stephen Ferguson; Louise Ridgway; Emily Nieuwburg
Les références
‘Richard Le Liard is an exceptionally good Jersey private funds lawyer, who is both technically very capable and commercially very pragmatic. He engages with clients and instructing solicitors alike and ensures that he fully understands the desired outcomes and how these might be achieved in any given scenario.’
Principaux clients
Alicorn Global Ventures
George Capital
Zedra Fiduciary Investment Fund
Principaux dossiers
- Advised Alicorn Global Ventures as lead counsel on the design and implementation of a ground-breaking new venture capital fund platform. Believed to be the only one of its kind, the Alicorn ILGS II Fund combines features of a traditional collective investment fund with an enhanced and embedded co-investment optionality.
- Acted as lead counsel to George Capital on their Jersey-domiciled real estate funds and other investment structures; advising on investments and divestments, refinancings and Fund extensions.
- Acting as lead counsel to the Zedra Fiduciary Investment Fund on ongoing matters arising in connection with the Fund, a Jersey regulated equity/bond fund established as an OCIF (an unclassified fund offered to the public).
Collas Crill
At Collas Crill, Sam Sturrock is the key individual for funds work, with expertise in private fund regimes across the Channel Islands and cryptocurrencies. He is also an expert on regulatory issues. Overall, the firm handles matters throughout a fund’s life cycle, including establishment, authorisation and structurings.
Responsables de la pratique:
Sam Sturrock
Les références
‘The Collas Crill team have a very hands on approach and like to understand the holistic picture when it comes to clients and their objectives. They are collaborators in the truest sense and combined with their strong technical skills and desire to provide a first class client service, they are firm we enjoy working with.’
‘I have worked mainly with Sam Sturrock, Group Partner, on a variety of client structures from corporate finance deals to debt listings to first time fund set ups. Sam is a pleasure to deal with, always available and very personable. Sam is person who likes to add value to client engagements, he thinks about issues outside of the box and often those not yet on the client’s radar, helping him to become a trusted partner.’
‘We value Sam’s responsiveness, his thorough approach to finding achievable solutions to client problems, his accuracy and his reliability. He is very knowledgeable and and through proactive engagement, he manages expectations.‘
Principaux clients
Gemini Capital Management (Ireland) Limited
Mahnaz Capital CV
Intertrust
Northern Trust
IQ EQ Fund Services
TEAM Plc
Principaux dossiers
- Advising on the Jersey legal aspects of an application to the Jersey Financial Services Commission for an authorisation to privately place interests in a Cayman Island exempted limited partnership established by J.P. Morgan Chase & Co. investing into a Delaware limited partnership.
- Acting as Jersey Counsel for the pension fund of a global manufacturing company to provide ‘investor side’ advice relating to their interests in a £125million Jersey Unit Trust regulated as an expert fund.
- Advising a South Korean investment manager in relation to a high-profile dispute over the management of a Jersey unregulated fund which is an incorporated cell.
Maples Group
The Maples Group funds team leverages the firm’s presence in Jersey, Dublin, Cayman and Luxembourg to handle cross-border matters for a wide variety of European, Asian and Middle Eastern funds. The group has expertise across hedge, private equity, venture capital, debt and real estate funds. It has also developed a niche in co-invest structures and GP-led restructuring deals. The team is jointly led by Simon Hopwood , an expert in the establishment and structuring of UK REITs and Shariah-compliant funds; and Tim Morgan, who is experienced in private equity fund launches. Mark Crichton is also recommended for fund transactions.
Responsables de la pratique:
Simon Hopwood; Tim Morgan
Autres avocats clés:
Mark Crichton; Amy Black
Les références
‘Very strong international presence. Collaborative and technically strong partners.’
‘Simon Hopwood is stand out in his field. Collaborative and strong technically.’
‘Practical solutions across multiple jurisdictions.’
Principaux clients
The Jordan Company, L.P.
Cambridge innovation Capital
Principaux dossiers
- Advised the New York based fund manager, The Jordan Company, L.P., in connection the establishment of a Jersey limited partnership alternative investment vehicle for certain funds managed by it.
Walkers
The Walkers investment funds practice handles matters throughout a fund’s lifecycle, assisting funds, intermediaries and fund service providers in cooperation with colleagues throughout the firm’s office network. The group has expertise in fund formation and regulation, restructurings and reorganisations, acquisitions and redomiciliation. Jonathan Heaney heads the department and is an English solicitor, BVI attorney and Jersey advocate, specialising in fund structuring and launches. Dilmun Leach is a core team member whose practice spans fund establishment and restructurings, across a wide range of asset classes, including CLOs and open-ended hedge funds. Leanne Wallser is an expert in private equity and real estate, and is active in the sustainable finance space.
Responsables de la pratique:
Jonathan Heaney
Autres avocats clés:
Dilmun Leach; Leanne Wallser; Christopher Reed; Tatiana Collins
Les références
‘The Walkers’ investment funds practice has breadth and depth. They have been re-energised in the UK office in recent years and have a friendly and entrepreneurial approach to their work.’
‘In the last year I have worked with the Jersey funds team and with partner, Leanne Wallser. I have also dealt with Hughie Wong in London. They both operate efficiently and at a practical level, handling matters promptly. Some law firms in Jersey can be outdated in their approach, but I have found a young team with a fresh approach in Walkers Jersey.’
‘A growing and proficient Investment Funds team offering an alternative to other Channel Island firms.’
Principaux clients
Consus Asset Management Co Ltd
Millennium Capital Jersey Limited
Olduvai Capital LLC
SilverTree Equity Partners LLP
Principaux dossiers
- Advised in the establishment of a Jersey fund manager and a corporate Jersey Private Fund that proposes to invest in African securities with an ESG focus.
- Advised with the launch of new single asset SilverTree Funds II, III, IV, V and VI structured as Jersey limited partnerships investing in European businesses with focus on technology.