Investment funds in Jersey
Carey Olsen advises top-drawer asset managers on private listed and hedge funds, including the global zenith of the market, having advised the flagship for Jersey's private equity industry in the shape of the SoftBank Vision Fund. James Mulholland and Robert Milner, who have expertise in working with REITs and blind-pool private funds, head the team, with the 'technically astute' Daniel O’Connor also having relationships with key European managers investing in various asset classes. Christopher Griffin also has hedge and private equity fund expertise. Claire Le Quesne is a well-regarded counsel.
James Mulholland; Robert Milner
Other key lawyers:
Daniel O’Connor; Claire Le Quesne
‘The team are always available, and listen carefully before providing efficient and effective advice and solutions. Clients have direct access to their partners and associates and develop an add-value relationship which has contributed to the success of their businesses.
‘Technically strong but also nice people to work with.’
‘James Mulholland and his team act for some of the biggest clients in the real estate funds space and have an excellent working knowledge of the latest structuring trends and market practice.’
‘Daniel O’Connor is technically astute with a commercial and practical approach to business – he is consistently supportive throughout the fundraising process.‘
‘Robert Milner is very calm and very responsive.‘
‘Claire Le Quesne is very capable and knowledgable.‘
Apollo Global Management
The Blackstone Group
- The firm continues to advise the SoftBank Vision Fund, at $100bn the world’s largest investment fund, with one partner sitting on the board of the fund’s general partner.
- Advised Nordic Capital on creating a new buy-out fund, Nordic Capital Fund IX, which raised €4.3bn while oversubscribed by 23%.
- Advised Capvis on forming and closing Capvis Equity V, which raised €1.2bn, exceeding its €1bn target.
- Advised Techemy Capital on the creation of a Jersey Private Fund to invest in digital assets, such as initial coin offerings and Etherium, as well as related businesses.
Mourant handles a mixture of private equity fund formations work, with Felicia De Laat, who works with some of the world's leading managers, serving as the firm's head of Jersey funds, Ben Robins - 'arguably the best funds lawyer in Jersey' - is the firm's global head of funds, and is a notable contact for funds-of-funds and other Jersey Expert Funds. Daniel Birtwistle acts for well-regarded mid-market managers as well as some bigger names. Alistair Horn handles works concerning challenging asset classes, and Tim Morgan has hedge fund expertise. Gabby Kellogg and Alex Henderson are key senior associates in the team.
Felicia de Laat; Ben Robins
Other key lawyers:
‘Mourant Ozannes is the premier fund legal advisor in Jersey. Its partners drive industry initiatives both in commercial and regulatory perspectives, which can span new investment products to regulatory requirements.’
‘Mourant Ozannes manages to consistently attract good, young lawyers from international firms.‘
‘Very responsive and pleasant to work with, it has an interest in long-term relationship building rather than simply churning through work.’
‘Alistair Horn ensures the client experience is appropriately managed and delivered: his considered approach provides client comfort and more often than not goes above and beyond the call of duty.‘
‘Felicia de Laat is responsive, technically astute, creative and a pleasure to work with.‘
‘Ben Robins is arguably the best funds lawyer in Jersey: his responsiveness and ability to simplify and resolve complex and technical issues is outstanding.‘
‘Alistair Horn is a standout relationship partner, with the ability to deliver quality in the team around him and to drive the relationship between onshore and offshore firms.‘
‘Gabby Kellogg is a charismatic senior associate who finds creative and bespoke legal advice in unique matters.‘
‘Alex Henderson is a responsive and pragmatic lawyer with good insight into private equity fund formations.‘
Battersea Power Station Development Company
LaSalle Investment Management
Legal & General
National Pension Service of the Republic of Korea
- Advised Triton on forming Triton Fund V, which hit its hard cap and raised over €5bn.
- Advised Sole Shipping on forming a $200m fund and a co-investment vehicle.
- Advised Swiss mid-market private equity house Invision AG on forming Invision VI, which raised €375m at its first close.
- Advised Vitol on creating VLC Renewables Fund I, a renewables fund which raised €200m at its first close.
Ogier advises on matters concerning both traditional private equity funds, as well as open-ended vehicles. Niamh Lalor handles billion-dollar fundraises as well as other matters, including litigation funds. Emily Haithwaite has expertise in Jersey Expert Funds. Sophie Reguengo is an August 2019 partner promotion and Joanna Christensen a well-regarded senior associate.
Niamh Lalor; Emily Haithwaite
‘The Ogier Jersey team has strength in depth and is able to effectively advise across a wide range of fund products. They are proactive and easy to work with.‘
‘Ogier is a well-established Jersey law firm, with international reach – clients find the team to be very pragmatic, customer focused and responsive.‘
‘Ogier is as plugged-in with the regulator as any outside counsel could be.‘
‘Niamh Lalor has vast experience and knowledge in the investment fund arena and can advise on an array of various subjects – she takes a pragmatic approach, and is able to formulate appropriate solutions.‘
‘Joanna Christensen takes a pragmatic approach to any work, has a sound depth of knowledge and is always client-focused and responsive to requirements.‘
AEW Capital Management LP
Global Infrastructure Partners
Intermediate Capital Group PLC
Pacific Equity Partners
Pemberton Asset Management
Schroder Adveq Management AG
- Advised Index Ventures on the creation of Index Ventures Growth IV, a $1bn Jersey Expert Fund.
- Advised Schroder Adveq Management on the registration of a Scottish Limited Partnership as a Jersey Private Fund.
- Advised Therium Group Holdings on its creation of a £300m litigation fund.
- Advised Brickblock on the incorporation of a closed-ended company to invest in UK real estate, with beneficial ownership of a portion of the shares represented on a blockchain ledger.
Appleby's funds practice, led by Andrew Weaver, handles mid-market fund formation work in the private equity space, as well as hedge and real estate fund redomiciliations. Clients include established German and British managers, as well as start-up hedge funds.
‘Very helpful in managing the administrative aspects of a request, and not only the drafting.’
‘Senior associate Chris Smedley is very personable, and always happy to pick up the phone to work matters through.’
Blackstone Real Estate
Halder Germany II Feeder Fund L.P.
KWVF Panther Holdco Limited
Silicon Valley Bank
Stirling Square Capital Partners
At Bedell Cristin, Martin Paul handles a range of work, frequently concerning unit trusts and open-ended funds. Real estate assets are an area of focus. Other mandates include limited partner representations, often for sovereign wealth funds. Richard Le Liard is a September 2019 partner promotion.
Other key lawyers:
‘Richard Le Liard, is very smart, very practical and very commercial. He has a firm grasp of Jersey law, and intuitively recognises where differences between Jersey law and English law will throw up transaction hurdles.‘
90 North Real Estate Partners LLP
Secure Income REIT Plc
UPP Group Plc
- Advised Zedra on the formation of the Zedra Fiduciary Investment Fund, aimed at Zedra clients with smaller funds.
- Advised State Street on forming open-ended global securities funds structured as JFSC-regulated unit trusts.
- Advised Buckthorn Partners on creating a £44m private fund to be used as a carry vehicle.
Collas Crill's funds team, led by Dilmun Leach, handles funds-of-funds, debt, and venture funds, often with AIMFD challenges. The firm has strong relationships with several British firms in this space, as well as financial institutions in the Middle East.
At Maples Group, Simon Hopwood - who joined from Bedell Cristin in 2018, handles work concerning real estate, hedge and venture funds. Notable by its strength in the Middle East and Asian markets, the team has expertise in Shari'ah-compliant funds.
WALKERS advises a plethora of top-end sovereign wealth funds and banks on limited partnership commitments into some of the largest funds in the market. Another source of work is Jersey regulatory applications for foreign funds, as is venture fund formation. Jonathan Heaney heads the practice.
Westbrooke Alternative Asset Management
Bennelong Asset Management
At Voisin Law, Kate Anderson handles various open-ended funds mandates. With Emirates NBD as a cornerstone client, the firm handles a number of mandates relating to Shari'ah-compliant funds. Some work also relates to private funds.
‘The team in general is very knowledgeable and helpful – clients always get the best advice, and the lawyers are always willing to discuss matters in detail.’
‘Kate Anderson and advocate Chris Le Quesne are both very approachable and knowledgable.’
VG Trust & Corporate Services Limited
CGS III (Jersey) L.P.
Emirates Funds Limited
Henderson Asia Pacific Equity Partners II L.P.
The 181 Fund Limited
Elida Real Estate Unit Trust
Funa Funding Unit Trust
Emirates NBD Asset Management Ltd.
SEDCO Capital European Real Estate Fund ICC
- Advised Emirates NBD on its creation of an open-ended fund in Jersey.
- Advises Emirates NBD on a suite of funds in Jersey, including the Shari’ah-compliant funds.