Channel Islands law firm Carey Olsen has advised a new Jersey fund, GCP Infrastructure Investments, on its listing on the Main Market of the London Stock Exchange.
The fund has been created by Gravis Capital Partners, an investment advisory firm currently managing assets with a principal value in excess of GBP400m.
The initial listing of the fund has raised GBP40m and aims to provide investors with a long-term return of eight per cent per annum by advancing subordinated debt to the holders of private finance initiative assets, typically long dated, secure quasi-UK government concessions for the provision of hospitals and schools.
Carey Olsen partner Robert Milner led the team in Jersey advising GCP Infrastructure Investments, which is structured as an unregulated exchange-traded fund under the Collective Investment Funds (Unregulated Funds) (Jersey) Order 2008.
”This is an innovative fund which will allow investors to access new classes of assets and demonstrates the usefulness of Jersey’s unregulated exchange traded fund regime and the flexibility of Jersey corporate structures generally," says Milner.
