Investment funds in Jersey

Carey Olsen

Carey Olsen is active across leading deals and more esoteric matters in private equity, real estate funds and hedge funds. James Mulholland handles heavyweight traditional real estate, private equity and secondaries, as does Robert Milner, who advises in spaces ranging from TISE-listed REITs to hedge funds. Daniel O’Connor handles a number of private equity matters, advising managers including Nordic Capital. Christopher Griffin, alongside a range of work that includes both private equity and hedge funds, also has particular expertise in crypto assets. Claire Le Quesne is a notable counsel, and Nienke Malan is a key senior associate with expertise in a range of structures.

Practice head(s):

James Mulholland; Robert Milner

Testimonials

‘We have easy access to different experts within the firm depending on the work stream involved.’

‘Strong technical base with ability to be creative and commercial. Dan and his team are a pleasure to work with. Dan O’Connor also manages the team well, bringing a range of skilled individuals to meet our complex needs.’

‘First class responsive and local market knowledge. The ‘go to’ firm on the island.’

‘Dan O’Connor has excellent technical skills, which he applies to come up with creative solutions and troubleshoot complex proposals. He is reliable and available.’

‘Chris Griffin is a a superb practitioner. Commercial, pragmatic and a real problem solver. ‘

Key clients

23 Capital

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

Elwood

EMK Capital

EPIC Private Equity

Epiris Managers (formerly Electra Partners)

Equitix Investment Management

FSN Capital Partners

GCP

Grainger

Gramercy Europe (Jersey)

Gulf Islamic Investments

Hermes GPE Founder Partner

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

Work highlights

  • Advised SoftBank Group Corporation on the establishment and closing of the first capital in to SoftBank Vision Fund II, with commitments of $3bn.
  • Advised Hollyport Capital on the creation and closing of Hollyport Secondary Opportunities VII Fund, with commitments of $1 billion.
  • Advised on the establishment and closing of Appian Natural Resources Fund II, a Jersey expert fund, with commitments of $600 million.

Mourant

'By any measure one of the leading firms' in the space, Mourant is active for a number of prestigious clients in this space. Felicia De Laat  advises CVC, alongside work for other clients, on traditional JPUTs and debt funds. Daniel Birtwistle handles traditional debt funds with relationships with top London practices in this space. Mark Chambers and Ben Robins are notable for real estate funds, with Robins also active in traditional blind pool private equity. Clients also praise group partners Joel Hernandez and Alistair Horn, while Matt McManus is a May 2019 counsel promotion. De Laat heads the Jersey team specifically while Robins is the global head of funds. Alex Henderson is a key senior associate.

Practice head(s):

Ben Robins; Felicia De Laat

Testimonials

‘Mourant Ozannes is, by any measure, one of the leading firms when it comes to investment funds. It has serviced some of the largest and most complex funds ever seen in Jersey and has retained its dominant position as the leading firm for many many years.  There is nothing that it cannot service and their responsiveness and ability is second to none. It is evident that a particular DNA has been instilled in the team as each member is helpful, approachable and commercial.’

‘The Mourant Ozannes Investment Funds team is the only team in the island that has a true specialism in funds.  They have strength in depth and have a truly deep bench. They are truly specialised and provide advice over the full range of funds and carried interest and co-investment structures.’

‘Felicia de Laat is an excellent lead/relationship partner, providing honest and humble advice and recommendations.’

‘Daniel Birtwistle is one of the brightest and most dedicated lawyers I have worked with, is always at the end of the phone and always gives high quality, pragmatic advice.’

‘Ben Robins is unrivalled in his knowledge of investment funds, has incredible legal acumen and always provides the best solution for clients and intermediaries alike.’

‘Alistair Horn is particularly diligent, solution-focused and a pleasure to work with.’

‘Joel Hernandez will not stop until the client has achieved exactly what they want and need.’

Key clients

3i Investments

Abercross

Accent Equity Partners

Actera Group

Alcentra

Alpha Associés Conseil

Alpha Capital Partners

Andersson Real Estate Investment Management

Archer Capital

Ardian

Argos Wityu

Aviva Investors

Baird Capital Partners

Bancroft

Beechbrook Capital

BlackRock Financial Management

BLG Capital

BNP Paribas

Brook Bay Capital

Cabot Properties

Cale Street Partners

CapVest Partners

Catalyst Capital Management

Chalfen Ventures

Cheyne Capital Management

Citigroup

Coast

Columbia Threadneedle Investments

Coriolis Capital

Credo Ventures

CVC Capital Partners

DBAY Advisors

Deutsche Asset Management

Deutsche Private Equity

DN Capital

DRC Capital

DTZ Investors

Ecoren

EFG Group

Elevation Advisors (UK)

EMF Capital Partners

ETF Securities

Evoco

FIL

FSN Capital

Generation Investment Management

GI Partners

Granville

Grosvenor Group

HBM Partners

Henderson Park Capital Partners

Hermes Investment Management

Highland Capital Partners

IL&FS Investment Managers

Innova Capital

Intrivia Capital

Invesco

Invision

Itacare Capital Partners

Janus Henderson Investors

J-Star

Kingsbridge Capital

Korea Investment & Securities

LaSalle

Legal & General

Lloyds Bank

Lyxor Asset Management

Man Investments

Mezzanine Management Central Europe

Milestone Capital Management

MML Capital Partners

Moor Park Capital Partners

NeoMed Management

Neuberger Berman

Northzone Ventures

NovaRoma Capital

Orbis Investment Management

Phoenix Spree Deutschland

Pinewood Group Lmited

Principal Global Investors

Private Label

PSP Investments

Rassmal

Resolution Property

Resource Partners

Ronson Capital Partners

Salamanca Capital

Savills Investment Management

Schemes Coded for Confidentiality Reasons

Schroders

Scope Capital Advisory

Segulah Advisor

Ship Street Advisors

Signal Capital Partners

Société Générale Group

Sole Shipping

Standard Life Aberdeen

STANLIB

Stonehage Fleming

StrategicCapital Advisors

Sumitomo Mitsui Trust & Banking

Summix Capital

SUNTEC

Swiss Equity Capital Partners

Talis Capital

Taxim Capital Advisers

TDR Capital

TH Real Estate

The Blackstone Group

Top Technology Ventures

Trinova Real Estate

Triton Managers

TVM Capital

UBS

Urban Infrastructure Venture Capital

Valeo

Vision Capital

Vitol Group

Vitruvian Partners

White Peak

WisdomTree Investments

Zouk Capital

Zurmont Madison Management

Work highlights

  • Advised Henderson Park Capital Partners on its purchase of Green REIT plc, a fund listed in Ireland, for €1.34bn
  • Advised Battersea Power Station Development Company on an investment of £1.58bn by two Malaysian investors.
  • Advised Clarion Partners on its purchase of a majority stake in Gramercy Europe.

Ogier

At Ogier, practice head Niamh Lalor handles complex fund formation mandates concerning large blind pool fund formations, as well as litigation funds and notable projects using novel Jersey structures. Group partner Emily Haithwaite also handles complex regulatory projects and fund formations including the creations of Cayman-Jersey hybrid structures. Sophie Reguengo handles various heavyweight matters around private equity and real estate structures. Alexandra O’Grady was promoted to managing associate in 2020, while Joanna Christensen is a key senior associate.

Practice head(s):

Naimh Lalor

Testimonials

‘They provide an excellent service, are very responsive, with great depth and breadth of experience. They have great technical expertise and clearly know the funds market.’

‘They have unparalleled knowledge of the fund legal framework in Jersey. They have very good contact with the regulatory authorities and they are very responsive.’

‘Ogier has a strength in depth that few other firms in Jersey can match, both at associate and partner level.’

‘Emily Haithwaite is a stand out leader – she is available whenever needed; provides calm and pragmatic advice and is always pleasant to work with.’

‘Niamh Lalor is very sharp and works around the clock to answer the clients. Even on crisis mode, she is very effective.’

‘Sophie Reguengo is a very good partner with strong knowledge of her area and an approachable yet professional attitude.’

Key clients

AEW Capital Management LP

Cain International

Cevian

CQS

Deutsche Asset Management

Ethos Private Equity

Global Infrastructure Partners

HSBC Bank plc – Jersey

London Venture Partners

Alexander Forbes

Benson Elliot

Julius Baer

IK Partners

Alpstone Capital

Index Ventures

Intermediate Capital Group

Knight Frank Investment Management

Marwyn Asset Management Limited

Medicxi

Pacific Equity Partners

Paloma Capital

Palamon Capital Partners

Pemberton Asset Management

PGIM

Quadriga Capital

Schroder Adveq Management AG

Therium Capital

Work highlights

  • Advised investment firm Medicxi on the launch of the Medicxi III Fund, which raised €400m in a first and final close.
  • Provided Jersey regulatory advice in connection with Standard Bank and Melville Douglas open-ended collective investment funds.
  • Acted as Jersey legal counsel for Pacific Equity Partners Pty Limited on the establishment of Pacific Equity Partners Fund VI, L.P. (the Fund) which was structured as a Cayman Islands exempted limited partnership, and its general partner of the Pacific Equity Partners Fund VI GP (Jersey) Limited which is incorporated in Jersey

Collas Crill

Collas Crill group partner Dilmun Leach advises on real estate, venture capital and hedge fund work, with a number of mandates coming from start-up managers. Other work comes from the investor-side, and private funds handling novel assets and involve distributed ledger technology. David Walters is a key senior associate.

Practice head(s):

Michael Williams; Dilmun Leach

Other key lawyers:

David Walters

Testimonials

‘A very personable and approachable firm. Practical and solution-driven.’

‘Collas Crill are very pro-active and quick off the mark to provide updates on topics that are relevant to the funds industry. ‘

‘Dilmun Leach is very approachable and friendly, and responsive in terms of advice. He takes a commercial approach to issues raised in the context of transactions.’

Key clients

Seaton Place Limited

Marchmont FM Limited

Work highlights

  • Acted as lead counsel on the launch of a fund investing up to £250m in real estate assets in the Channel Islands, UK and Europe.
  • Acted on the launch of a €75m Jersey private fund investing in proprietary venture debt investment opportunities in technology companies.
  • Advised an investment vehicle on the listing of a Jersey REIT holding up to £800m in investments in real estate in central London on its potential listing on TISE

WALKERS

WALKERS advises on a range of funds mandates, from handling co-investment structures on large private equity funds through to start-up hedge funds and work for managers seeking to invest in unusual assets. Jonathan Heaney handles instructions for a number of prestige clients and new managers alike, as well as advising well-known asset managers on complex regulatory issues. Group partner Leanne Wallser joined from Mourant in 2019 - her recent work has included hedge and real estate fund matters. Christopher Reed is also active in funds service licencing matters on top of structuring work.

Practice head(s):

Jonathan Heaney

Key clients

Infinity Investment Partners Limited

The Global Opportunities PC/Kimberley PCC

Westbrooke Alternative Asset Advisers

Davidson Kempner

Apache Capital Partners

Harbert Management Corporation

Bennelong Asset Management

Themelio Partners

Work highlights

  • Advised Infinity Investment Partners Limited on the establishment of its new UK asset management business of a matter value of $1bn plus.
  • Provided Jersey legal and regulatory advice to Kimberley PCC on a fund value of £300m.
  • Lauched a Jersey Private Fund, Themelio Real Estate Fund LP, structured as a Jersey limited partnership, established to invest in real estate assets of GBP100m.

Appleby

At Appleby, Andrew Weaver handles a range of fund formation and regulatory advice, with mandates coming from European private equity managers as well as US hedge fund managers. Recent work has included fund formation, regulatory matters such as Jersey's interpretation of AIFMD and its native funds regime, as well as issues of economic substance.

Practice head(s):

Andrew Weaver

Key clients

Stirling Square Capital Partners

Qannas Investments Limited

LCM Partners

Montana Capital Partners

Bedell Cristin

Property is the watchword at Bedell Cristin, which handles work spanning from private real estate funds through to matters around TISE-listed REITs. Martin Paul is active in a range of mandates in this space, including setting up Shari'ah-compliant structures. He also handles some work for fund services providers. Richard Le Liard, who was promoted to the partnership in 2019, also leads on private fund formation work.

Practice head(s):

Martin Paul

Other key lawyers:

Richard Le Liard

Testimonials

‘We have found Bedell to be comprehensive in their advice and definitely very good value for money. We get advice which is clear and concise. Their close working relationship with Ocorian helps us have a well co-ordinated approach.’

‘Richard Le Liard is technically excellent, very commercial, and always delivers within timescales, no matter how short they are! He operates very effectively as an additional, offshore, member of the team.’

Key clients

90 North Real Estate Partners

Aviva Investors

BentallGreenOak

BP4 Inv 4 LP

Buckthorn Partners

Darin Partners

Evans Randall

Fabrix Capital

Global Student Accomodation

Harrison Street Real Estate Capital

JSS Global Real Estate Fund (part of the J. Safra Group)

Lions Capital

Secure Income REIT Plc

State Street

Trinova

Welltower

Unite Students

UPP Group Plc

Work highlights

  • Advised 90 North Real Estate Partners on various Jersey real estate investment syndicates/joint ventures and private funds investing in real estate in the UK, Europe and the US.
  • Advised CVC Credit Partners European Opportunities Limited in relation to its placing programme of shares listed on the London Stock Exchange.
  • Advised BentallGreenOak in connection with its replacement of Schroders as manager of the West End of London Property Unit Trust (WELPUT) and the subsequent comprehensive restructuring of WELPUT. WELPUT is one of Jersey’s largest regulated unit trust funds with a GAV of c. £1.1 billion.

Maples Group

Maples Group' Simon Hopwood and Chris Byrne  handle work including debt, hedge and private equity funds. The team is also adept at assisting with Shari'ah-compliant real estate funds.

Practice head(s):

Simon Hopwood; Chris Byrne

Testimonials

‘The Maples and Calder Jersey team is phenomenally responsive, incisive and user-friendly in its advice – the difference between them and other Jersey firms in this regard is noticeable.’

‘Maples is obviously a new force in the Jersey market but it has an excellent team to help it get off the ground. Technically superb and as good as you would expect from the Maples brand. It’s great to work with an office that brings the Maples quality of service to Jersey.’

‘Excellent team work and service delivery. Complete understanding of the investment funds space and in particular Islamic and sharia compliant structuring sector.’

‘Simon Hopwood is outstanding. He’s user friendly in every sense of the word and I enjoy working with him. In this day and age its about working with those that you trust and who will perform to a level you expect without asking. Simon is all of that and more and runs a great team.’

Key clients