Orlando launches fourth Guernsey-domiciled fund

15 September 2017

German-based private equity firm Orlando Management AG has closed its fourth Guernsey-domiciled fund.

The European Special Situations Venture Partners IV Fund (ESSVP IV), advised by Orlando, had its final closing in the second quarter of 2017 having successfully raised total capital commitments of €320 million.

The fund will focus on investment in special situation industrial assets in Germany and German-speaking countries as well as the Nordics, with sales typically in the range of €50-500 million.

It continues the successful investment strategies of its three predecessors by acquiring typical mid-market companies in special situations and ‘diamonds in the rough’.

"The decision to structure a fourth fund in Guernsey is a strong endorsement of the expertise available here on the island."
Carey Olsen Corporate Partner Tom Carey

Guernsey-based fund administrator IAG has been appointed as company secretary and administrator to ESSVP IV, while Guernsey law firm Carey Olsen advised the general partner on the launch of the fund in the island.

IAG Director Martin Scott was delighted that his company had won the mandate.

“We look forward to having a close and successful working relationship with the various investors and the Advisor Orlando,” he said.

The success of the fundraising was attributable to significant support from existing investors, combined with overwhelming interest of new investors, which led to oversubscription. Allocation to new investors was limited to selected high quality, long-term institutional investors. Investors in the Fund include a diversified mix of endowments, foundations, insurance companies and family offices from Europe, the US, Israel and Japan.

Carey Olsen Corporate Partner Tom Carey, who led the firm’s team, said: “The decision to structure a fourth fund in Guernsey is a strong endorsement of the expertise available here on the island, and our involvement in the latest fundraise is reflective of our position as the market leading legal adviser to Guernsey funds.”

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