Guernsey has been chosen as the domicile for HitecVision's
latest fund launch.
HitecVision, one of the most prominent European private equity
advisers and investors focussed on the oil and gas industry,
received commitments of US$ 1.9 billion for HitecVision VII L.P.,
exceeding the US$ 1.5 billion target. With strong support from
existing investors and three new investors the hard cap was reached
in two months following the launch in February 2014. The fund will
continue the successful strategy for control buyout and growth
capital investments in the oil and gas industry that
HitecVision's team has implemented throughout the firm's
history.
Gentoo Fund Services Limited, an independent private equity fund
administrator has been appointed by HitecVision to administer the
fund. Gentoo, which specialises in the administration of private
equity structures, predominantly administering closed-ended funds,
has a long-standing relationship with HitecVision, which since
