Carey Olsen has ‘the competence to work through even the most difficult matters,’ including the launches of, fundraising for and close of private equity and credit funds, the establishment of continuation funds, and fund transactions. Ben Morgan heads the team, handling public and private fund formations and fund financing mandates, while Andrew Boyce‘s private equity client base relies on him for advice on the structuring of their investment vehicles. Annette Alexander‘s practice spans private equity, real estate and hedge funds, with David Crosland taking point on restructuring mandates in addition to handling fund launches. Rachel de la Haye and Andrew Tually joined the partnership in July 2024, both advising on fund formations and downstream transactions.
Investment funds in Guernsey
Carey Olsen
Responsables de la pratique:
Ben Morgan
Autres avocats clés:
Andrew Boyce, David Crosland, Annette Alexander, Andrew Tually, Rachel de la Haye; Matt Brehaut
Les références
‘Strong team with a great reputation and the competence to work through even the most difficult matters.’
‘Andrew Boyce and Rachel de la Haye are the best the island has to offer.’
‘Excellent team. Good communication. Efficient.’
Principaux clients
Preservation Capital Partners
Inflexion Private Equity Partners LLP
Coller Capital
Corten Capital
Hipgnosis Songs Fund
Sarasin Bread Street
Pureos Partners AG
AnaCap Financial Partners Limited
Alchemy Special Opportunities LLP
Principaux dossiers
- Advised Inflexion Private Equity Partners LLP on the final close of Inflexion Partnership Capital Fund III at its hard cap of £1.75bn.
- Advised on the establishment of Alchemy Special Opportunities Fund V, a Guernsey-registered closed-ended fund investing in distressed debt, managed by Alchemy Partners, which closed at £1bn.
- Assisted with the launch of Coller Credit Secondaries – Opportunities Fund II.
Mourant
Seen as a ‘go-to firm in this field,’ the Mourant funds team led by John Rochester acts for sponsors and managers targeting a range of asset classes with the structuring and launch of investment vehicles and is also active in the private credit space. Darren Bacon advises a client base that includes private equity, real estate and debt funds on new launches and registrations. Frances Watson handles fund launches, migrations and financing mandates, while James Cousins leverages his in-house funds experience to advise clients from the launch of new funds to the ultimate liquidation of assets, with particular expertise in the hedge fund industry.
Responsables de la pratique:
John Rochester
Autres avocats clés:
Darren Bacon; Frances Watson; James Cousins; Alasdair McKenzie; Amy Williamson
Les références
‘The firm has top notch and longstanding experience and is a real go-to firm in this field.’
‘Darren Bacon is our key contact in the Guernsey office. He has extensive investment funds experience and provides very commercial and pragmatic advice on any key points.’
‘I appreciate the user friendly, partner led service they provide in Guernsey.’
Principaux clients
HgCapital LLP
Investec W&I International PCC Limited
HarbourVest Global Private Equity Limited
abrdn Investments Limited
Ravenscroft Investment Fund Offshore
Savex Multi Strategy Fund Limited
iCON Infrastructure Management III Limited
Stepstone Group LP
Sequoia
JLEN Environment
Investec World Axis
Pantheon
Third Point
DP Aircraft
Baker Steel
Principaux dossiers
- Advised HgCapital on the establishment of their new flagship Saturn fund, Hg Saturn 4, with anticipated total commitments of $12bn.
- Acted as Guernsey legal counsel for HarbourVest on a $1.7bn secured loan facility provided by, among others, Ares and Apollo.
- Advised abrdn on the establishment and GFSC registration of their new Guernsey sustainable infrastructure fund.
Ogier
Ogier handles the spectrum of fund-related matters, assisting sponsors and managers with the structuring and launch of Guernsey-registered investment vehicles, and also works with the firm’s litigators to oversee fund mergers via schemes of arrangement. Heading up the firm’s fund offering are Tim Clipstone, an expert in the structuring of closed and open-ended funds and associated regulations, Bryon Rees, whose client base consists of both private and listed funds, and Richard Sharp, a specialist in cellular structures and their use by the insurance industry and other asset managers. Michelle Watson Bunn and New Zealand-based consultant Michaela Jesson are also noted for their fund structuring expertise.
Responsables de la pratique:
Tim Clipstone; Bryon Rees; Richard Sharp
Autres avocats clés:
Michaela Jesson; Michelle Watson Bunn; Gabrielle Payne
Les références
‘Tim Clipstone is a transactional lawyer but the matter on which we worked was litigious. Operating a little outside of his usual sphere, Tim really impressed me. He is very knowledgeable about funds and the applicable law, but more importantly he is exceptionally diligent, thoughtful and solution-oriented.’
‘Tim Clipstone provides commercial and pragmatic advice and is responsive and collaborative. Michaela Jesson is also recommended.’
‘High quality team of lawyers in Guernsey and Jersey. The Guernsey associates are particularly good and can hold their own.’
Principaux clients
Reference Capital SA
Freestone Capital Management LLC
Blackstone Inc.
Palisade Real Assets.
Man GPM Community Housing 2
The Schiehallion Fund Limited
Schroders
Man GPM CH REIT Limited
Starwood Capital
Disruptive Capital
Principaux dossiers
- Advised Reference Capital on establishment of Reference Blockchain Technology II L.P., a venture capital fund, together with its GP and carried interest vehicle.
- Advised Freestone Capital Management Inc on a requisition of shareholders resolution to provide access to liquidating classes by the change in share rights and adoption of new articles of association for an LSE listed company, Marble Point Loan Financing Limited.
- Advised Blackstone Inc on the acquisition of Hipgnosis Songs Fund Limited, a Guernsey closed-ended fund, valued at approximately $1.572bn, by way of a scheme of arrangement.
Walkers
Walkers offers fund clients the ‘ability to assist across a range of queries,’ including the structuring and launch of Guernsey-registered investment vehicles, mergers between funds and fund transactions, in addition to advising on Guernsey regulatory requirements. Heading the practice are Craig Cordle, who specialises in the structuring and operation of public and private funds, and Guernsey managing partner Matt Sanders, whose expertise lies in private funds, covering their establishment, restructuring and subsequent transactions. Chris Hutley-Hurst‘s practice spans both fund structuring and regulatory matters, advising on the structuring of private equity and listed funds while also assisting his clients maintain compliance with AML, digital asset and tax regulations. Gareth Morgan joined the group from Collas Crill in July 2025.
Responsables de la pratique:
Matt Sanders; Craig Cordle
Autres avocats clés:
Chris Hutley-Hurst; Gareth Morgan; Charlotte Gonçalves; William Schofield
Les références
‘Top notch lawyers operating in a boutique firm.’
‘Chris Hutley-Hurst is my main man at Walkers. Practical and insightful advice delivered efficiently. He advises me on three different structures I direct on behalf of one client. We have a fairly steady regular need to pick up the phone and he’s always there for us. Very user friendly and doesn’t overcomplicate matters.’
‘This is undoubtedly the most commercial team we have come across. They are always incredibly timely in responding and appreciate the nuances of our business – often that we need to do things in a rush and at inconvenient times. They have made every effort to understand our business and therefore their advice is always well considered and tailored for our particular needs.’
Principaux clients
International Opportunities Limited
Blacksand
Blue Night Investment Consult Corporation
Canaima Global Opportunities Fund PCC Limited
Chrysalis Investments Limited
Da Vinci Private Equity Fund II, L.P.
Raw Capital Partners
Dominion Capital Strategies Limited
EEA Life Settlements Fund PCC Limited
Equitix
GoldenTree Asset Management
TP Capital
Flight Co-Investment Fund Limited/The Flight and Partners Recovery Fund Limited
Global MENA Financial Assets Limited
Balance Legal Capital
Longship Fund III
River Merchant Capital Limited
Strawberry Star
Tetragon Financial Group Limited
Zeta Asset Management
Cherubic Investments Limited
Principaux dossiers
- Advised Equitix on its sale and exit of 88% of the share capital of North West Electricity Networks (Jersey) Limited to Iberdrola S.A., with the consortium sale equity having a value of c. €2.5bn.
- Advised Custodian Property Income REIT on a proposed £530m all-share merger with abrdn Property Income Trust Limited.
- Advised Investec in respect of the establishment of a new $500m Guernsey-domiciled closed-ended investment company, International Opportunities Limited.
Bedell Cristin
Bedell Cristin advises fund sponsors and managers across the life cycle of their investment vehicles, from the structuring and launch of new funds, to the procurement of financing and ultimately their winding up and liquidation of assets. The team also advises a client base made up of, inter alia, real estate and private equity funds, on Guernsey regulatory requirements, including pertaining to funds marketing themselves as ESG-focused. Practice head John Scanlan is sought out for advice on the launch of new fund structures, including both closed and open-ended vehicles.
Responsables de la pratique:
John Scanlan
Les références
‘Strong knowledge about the regulations and the fund’s constitutional documents.’
‘John Scanlan possesses strong attention to detail, responsiveness and availability on short notice. He pays attention not just to legal but also commercial considerations.’
‘Thorough knowledge of market practice in the fund formation market. Hands on on all legal aspects regarding alternative investment funds.’
Principaux clients
Urban Logistics REIT plc
Northern Providence Investments
Energy Ventures Funds
Catalyst Investment Management (Guernsey) Limited
Schroders Real Estate Investment Trust Limited
Principaux dossiers
- Advised Northern Providence Investments on the launch of its first Guernsey fund, whose cells will aim to support the socioeconomic advancement and empowerment of women, BIPOC communities, persons with disabilities and LGBTQ2S+ communities around the globe.
- Advise Urban Logistics REIT plc in respect of its bid to acquire the logistics and warehouse assets of abrdn Property Income Trust Limited.
Collas Crill
Collas Crill occupies a niche in Guernsey’s open-ended funds space, with particular expertise in assisting HNWIs and sovereign wealth funds set up investment vehicles, and is also able to advise on fund financing matters. The team is headed by ‘outstanding partner’ Wayne Atkinson, who advises fund managers on the structuring of their structures and guides them through Guernsey’s regulatory framework. Gareth Morgan exited the firm in July 2025.
Responsables de la pratique:
Wayne Atkinson
Les références
‘Responsive and commercial.’
‘Wayne Atkinson is very experienced and responsive.’
‘The team is experienced, highly competent and very effective in communicating with clients.’
Principaux clients
Dowgate Wealth Limited
Northern Trust
Vega Investment Technologies Limited
SA Alpha PCC Limited
Jacobi Investment Funds PCC Limited
Freedom Asset Management Limited
RAW Capital Partners
Darwin Property Investment Management Limited
Riverside Capital PCC Limited
The Channel Islands Property Fund Limited
Ravenscroft Investment Management Limited
White Star Capital Group
Cazenove Capital Management Limited
Rangemore Advisory Limited
Seek Ventures GP Limited
Sanlam Investments UK Limited
Sygnia Group
IP Global Limited
Sanlam Private Wealth (Pty) Limited
Prime Investments ICC Limited
The Carbon Reduction GP Limited
AB Fund Managers (Guernsey) Limited
Principaux dossiers
- Advised Prime Investment Funds PCC Limited on the migration to Guernsey of a Cayman Islands mutual fund, RCI Global Fund, and its conversion upon migration to Guernsey into an incorporated cell of Prime Investment Funds ICC Limited.
- Advised SA Alpha PCC Limited in respect of the launch of its newest sub-fund, the $50m Bateleur Global Equity Fund PC.
- Acted for a real estate PCC structure in respect of the creation and issue of a preferential share class to assist with the refinance of one of its assets, a $60m commercial property in Daytona, USA.
Ferbrache & Farrell LLP
Ferbrache & Farrell LLP assists fund managers looking to either establish new investment vehicles or restructure existing ones, while also handling financing, transactional and regulatory matters for its clients. Heading the team is co-founder Gavin Farrell, an expert in Guernsey investment structures who also oversees fund transactions.
Responsables de la pratique:
Gavin Farrell
Principaux clients
HitecVision
Lakestar
Principaux dossiers
- Provided ongoing assistance with the restructuring of the HitecVision funds.
- Advised Lakestar on the launch of new funds and the restructuring of existing funds.