Carey Olsen's investment funds team in Guernsey, together
with fund administration specialist Private Equity Administrators
Limited (PEA), have assisted Creandum on the establishment of
Creandum V, a €265 million venture fund focusing on
early-stage opportunities across Europe.
Following strong demand from existing and new investors,
Creandum V was heavily oversubscribed and enjoyed re-commitments
from all institutional investors in Creandum IV, while also
attracting several new investors primarily from the US. The fund
will follow the same strategy as previous Creandum funds and
provide early stage investment for European technology
companies.
The Carey Olsen team advising on all Guernsey aspects of
Creandum V's structuring, establishment and closing was led by
partner David Crosland with assistance from senior associate Chris
Hutley-Hurst.
