Lakestar III closed with commitments of €252 million and will have an investment focus on early stage companies. With a focus on growth stage businesses, Lakestar Growth I raised a total of €426 million.
Aztec Group’s Private Equity team in Guernsey led by Matt Chick and Maria Guinness-Browne supported Lakestar with the set-up of the Funds, and will provide ongoing administration and accounting services.
Matt Chick, Associate Director, Aztec Group, (pictured above) said:
“We’re delighted to have worked with Lakestar and Ferbrache & Farrell on two very successful fund launches. We look forward to supporting the Lakestar team as they continue to invest into an exciting and fast-moving sector, and to applying our experience and knowledge of the tech-focused venture capital space.”
Pictured: Gavin Farrell.
The Ferbrache & Farrell team consisting of Gavin Farrell and Belinda Hartzenberg provided Guernsey commercial, legal and regulatory advice to Lakestar in respect of the formation, structuring and launch of the Funds. Ferbrache & Farrell also assisted in negotiations with investors together with the Funds’ lead counsel, Clifford Chance Munich as led by Sonya Pauls.
Gavin Farrell, Ferbrache & Farrell, added:
”It is always very pleasing for us when we see clients continuing to use Guernsey and Ferbrache & Farrell when launching their new successful ventures. As a small recently established legal practice we feel privileged to continue to advise large successful funds teams such as Lakestar and assist our Island in maintaining its position as a premier offshore financial centre.”
Pictured top: Matt Chick.
