That is the message from Ogier’s funds team in Guernsey.
The team recently acted as lead counsel to Reference Capital SA, a new manager in Guernsey, on the formation and registration of Reference Seed Fund I LP in Guernsey as a private investment fund (PIF) and on its initial and subsequent close.
Ogier’s team – Partner Tim Clipstone, Managing Associate Richard Doyle and Legal Assistant James Dickinson – advised Reference on all legal and regulatory aspects of the fund’s launch as a PIF.
“It has been great to work with Reference as a new manager in Guernsey,” said Mr Clipstone. “We have been delighted to advise on the successful launch of Reference Seed Fund I LP.”
Mr Doyle said: “We’ve advised on the closing of a number of technology-focused funds structured as PIFs in Quarter 1 this year, both in the venture and private equity sectors and with underlying technology portfolios as diverse as healthcare, fintech, e-commerce and human resources.
“We anticipate the appeal of the Guernsey PIF as a flexible fund option for investing in the technology sector will continue to grow.”
Pictured top: Ogier Guernsey Partner Tim Clipstone.