Guernsey firms helped the launch and close of Guernsey’s first regulated defence fund, along with Europe’s largest dedicated dual-use and defence technology fund.
A leading European venture capital investment advisor, Lakestar, was assisted by Ferbrache & Farrell (F&F) and Aztec Group in the successful closing of the USD 300 Million Resilience I Fund (Resilience I).
Resilience I invests in dual-use and defence technology companies across NATO-allied markets and Europe.
Its portfolio spans a range of defence technologies for security and resilience capabilities including advanced autonomous systems, AI driven defence software, sovereign drone manufacturing, missile technology, space technologies and maritime platforms.
Guernsey regulatory approval followed extensive engagement with Guernsey’s regulator, the Guernsey Financial Services Commission.
The launch of Resilience I involved Clifford Chance, Munich as lead legal counsel, F&F as Guernsey legal counsel and Aztec as fund administrator.
The F&F team, led by Gavin Farrell, Stuart Nash, Helen McGeoch, David Millar and Glyn Davies, advised on all Guernsey regulatory and corporate aspects of the launch.
The Aztec team comprised Matt Chick, Mark Thoume, Chris England and Will Bodkin, supported by colleagues across the wider business.
