Capricorn Acquires Significant Stake In Guernsey-Based Asset Manager

Private equity and hedge fund firm Capricorn Capital Partners has led a group of investors to acquire a significant equity stake in Guernsey-based asset management company RAW Capital Partners.

As part of the transaction, Capricorn has also secured multi-million-pound investment in the RAW Mortgage Fund, loan investments backed by UK residential property, and RAW Sterling Cash Deposit Fund, a high-interest and diversified bank deposit fund.

RAW Chief Executive Richard Avery-Wright said the deal was great news for Guernsey because the two companies shared a vision for building a significant financial services business based in the island.

"Our team has worked tirelessly for over five years to produce innovative products and services for clients. We are absolutely delighted to be partnering with an investor group led by Capricorn. We have an exciting future ahead," he said.