Guernsey's reputation as a home for tech-focused fund
managers has been reinforced with the successful launch and final
close of Telstra Ventures Fund III.
The fund has raised $350 million in commitments and aims to
expand venture capital firm Telstra Ventures' diversified
portfolio of technology-focused companies, offering entrepreneurs
access to revenue growth and accelerated global reach.
Carey Olsen and Langham Hall advised Telstra Ventures on the
launch. Carey Olsen Partner David Crosland, who led the team in
advising on the Guernsey legal and regulatory aspects of the
fund's establishment, said the launch was further evidence of
Guernsey being a preferred funds domicile for tech-focused
managers.
