Investment funds in Jersey

Carey Olsen

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.

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:

Andrew Weaver

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.