03 March 2023

Carey Olsen advises Brydell Partners on latest real estate fund

Carey Olsen's Jersey investment funds team has advised Brydell Partners on the successful launch of their latest real estate fund, Brydell Partners Series 3 (the Fund).

The Fund, which achieved a final close of £267 million, has been structured as a Jersey Private Fund (JPF) and has a focus on UK real estate investments. Brydell Partners invests its own capital alongside managed discretionary funds, raised from global institutional LPs.

The Carey Olsen team advising Brydell Partners on the Jersey law aspects of the fund launch was led by partner James Mulholland and assisted by senior associate Arindam Madhuryya and associate Niamh Murphy.

James said: "Brydell Partners are very active in the real estate investment space, and we are proud to have supported the team across a broad range of transactions in recent years. It is particularly pleasing that they have chosen to structure their third fund as a Jersey Private Fund. The regime's flexibility is ideal for a fund of this kind, and we wish Brydell every success."

Founded in 2014, Brydell Partners is a private real estate investment firm focussed on the UK market. The firm currently has £510 million of equity under management and its portfolio includes labs, retirement living, student accommodation, retail warehousing, offices and industrial. Brydell are long term owners of real estate with flexibility to invest in direct assets and developments, asset backed operating businesses, regeneration projects and credit.

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