An international fund administration group has significantly expanded its Guernsey operations, by buying locally-based Oak Fund Services.
Highvern and Permian said the acquisition was “part of its strategy to expand in key markets” and consolidate its leading position.
Caroline Connellan, Group CEO, said she was “delighted” to acquire Oak and “bring together two highly-regarded Guernsey businesses with talented people, closely aligned cultures, shared values and a commitment to exceptional client service”.
“Oak Fund Services has built an excellent reputation in the Guernsey funds market, and together we have an exciting opportunity to offer clients greater choice across asset classes and jurisdictions, while further reinforcing the strength of Guernsey within our wider international business,” she added.
25 years strong
Founded in 2000 and part of The Opera Group, Oak Fund Services is a leading fund administrator with extensive experience supporting alternative investment structures, including private equity, real assets and infrastructure.
The business, which is led by James Tracey, brings local expertise, an established and growing client base, and a strong reputation for delivering high-quality, client-focused services.
Following completion of the acquisition, James Tracey will become Head of Funds, Guernsey for the group, a spokesperson said.
This acquisition strengthens Highvern and Permian’s presence in Guernsey, bringing together complementary fund services businesses to create greater scale and a broader offering in a market where clients increasingly value strong local delivery supported by international reach.
The addition of Oak Fund Services further deepens the group’s expertise across real estate, real assets, private debt, private equity and venture capital.
The combined business will unlock value for clients in Guernsey through greater choice, the ability to support more complex cross-jurisdictional needs, deliver consistent service excellence and support long-term sustainable growth.
Following the announcement earlier this year of the acquisition of PANDOO, a Luxembourg-based specialist fund services provider (subject to regulatory approval), the group’s international footprint will span nine jurisdictions.
Kim Sgarlata, Group CEO of Opera, said Oak was “a high-quality business, and we are confident Highvern and Permian provides the right home for its clients and people” as Opera sharpened its focus on other areas.
