09 November 2016

Carey Olsen is Jersey’s number one adviser for new investment funds

Carey Olsen is the number one adviser for new regulated funds in Jersey, according to the 2016 Monterey Insight Jersey Funds Report, advising more than twice that of its nearest rival.

Since July 2014, Carey Olsen has advised on 43% of all new funds business in Jersey. 

The annual Monterey guide is a comprehensive analysis of the primary legal service providers to the funds business in Jersey, providing insight on both the number of funds advised and the total assets under management.

Carey Olsen funds partner James Mulholland said: "The market has spoken. These are outstanding results and undoubtedly show the clear blue water between ourselves and our competitors. They are testament to our team's hard work and dedication to serving our clients.

"New fund launch statistics are important, as they highlight how busy a funds team really is and is also a bellwether for new promoters coming to Jersey. These results confirm our position as the 'go to' funds team in Jersey."

Carey Olsen has been involved in Jersey's most significant fund listings and private equity fund raisings over the past year, including:

  • Advising Patron Capital Advisers on the launch of its fifth European real estate fund, Patron Capital Fund V, LP, which recently held its final closing with a total fund size of €948 million (including €143 million of co-investment capital).
  • Advising Jersey-based LSE-listed property company Kennedy Wilson Europe Real Estate Plc (LSE: KWE) on the successful close of its £300 million debut senior unsecured bond.
  • Advising NTR plc on the successful final close of its new fund which invests in onshore wind projects in Ireland and the UK, with a hard cap investment of €250 million.

The results follow the recent publication of the IFLR1000 rankings guide in which Carey Olsen's Jersey funds practice was awarded top tier status.

In addition, Carey Olsen has also been ranked as the leading legal adviser to investment funds in Guernsey, advising on 63% of all Guernsey funds according to the latest Monterey Guernsey Funds report. The report also highlighted the significant number of new business wins for the firm, with Carey Olsen instructed on 74% of the new investment funds business in Guernsey between 1 July 2015 and 30 June 2016.