Phoenix Equity Partners opts for Guernsey again with latest fund

31 October 2017

Phoenix Equity Partners’ latest fund will once more target investments in medium-sized UK-based companies.

Phoenix Equity Partners 2016 Fund, a Guernsey closed-ended investment scheme, closed with commitments of £415 million. It is the fourth fund launched by Phoenix Equity Partners since the independent private equity business was founded in 2001. The group specialises in working with entrepreneurial teams to help grow medium-sized, UK-based companies valued at up to £150 million.

The new fund attracted investment from a range of high-quality existing and new investors including public and corporate pension funds, sovereign wealth funds, insurance companies, family offices, fund of funds and asset managers across North America, Europe and the Middle East.

Carey Olsen and Ipes in Guernsey both assisted Phoenix Equity Partners with the launch.

The Carey Olsen team was led by Partner David Crosland with assistance from James Cooke and Colin Calvert.

Mr Crosland said: “It was a privilege to help Phoenix for the first time with this significant fundraise. That it was achieved at a time of such uncertainty was a testament to Phoenix's reputation and track record, and Guernsey's stability and agility as a fund domicile.”

IPES in Guernsey was appointed as the fund administrator.

Barry McClay, Ipes Head of Fund Administration, commented: "We are delighted to have supported Phoenix Equity Partners through the close of its fourth fund. The fact that the fund had such high commitments shows the confidence the market has in their investment and management capabilities."

“It was a privilege to help Phoenix for the first time with this significant fundraise. That it was achieved at a time of such uncertainty was a testament to Phoenix's reputation and track record, and Guernsey's stability and agility as a fund domicile.” Carey Olsen's David Crosland
Back to News
Download Find a related practitioner