Guernsey Home To Largest Start-Up Fundraising In Recent Years

Guernsey's position as a successful home for new managers has been underlined by the launch of an energy fund which is believed to be the largest fundraising by a start up in recent years.

Blue Water Energy LLP has launched the Guernsey registered, closed-ended Blue Water Energy Fund I. Its first closing in September 2012 was oversubscribed and it closed at its hard cap in May 2013 raising $861 million.

The fund will invest in transactions across the global energy supply chain with a focus on mid-market, growth-oriented investments in European-domiciled companies. With significant investing experience in this sector, the Blue Water Energy team has invested in, acquired or established more than 28 companies (including add-on transactions).