Inflexion Private Equity has chosen Guernsey as the home for its GBP375 million 2010 Buyout Fund – the firm’s first non-UK fund.
The Aztec Group has been named as the fund administrator while Carey Olsen provided legal advice on the fund which, from start to finish, completed the official fundraising time in an just four months. The fund was hugely over-subscribed and had its one and only close at the end of September.
“The Aztec Group and Carey Olsen consistently impressed us throughout the pitch process and most importantly during fundraising itself,” says Alistair Hamilton, CFO of Infelxion. “Their initial help, guidance and introductions proved invaluable to the success of the fundraising. In the Aztec Group and Carey Olsen we are delighted to have found partners that share our passion for quality. We are very much looking forward to working with them in the years to come to help provide the best quality service possible for our investors.”
Rob Jones, Aztec Group’s Guernsey Director, adds: ”We’re very excited Inflexion chose to come offshore and select the Aztec Group as their fund administrator of choice amongst a very competitive field.”
The fund has been established as a Guernsey closed-end registered collective investment scheme in the form of a dual limited partnership structure
