Carey Olsen advises on multi-million pound fund raising

Monday 27 October 2014

Carey Olsen has advised Kennedy Wilson Europe Real Estate plc on its secondary equity issuance which raised £351.5 million.

Kennedy Wilson Europe Real Estate (KWERE) is a closed-ended collective investment fund incorporated in Jersey that invests primarily in real estate and real estate loans in Europe

The launch follows Carey Olsen’s involvement in KWERE's unprecedented £1 billion fund raise earlier this year through its initial public offering on the London Stock Exchange’s main market. It was the largest-ever real estate fund float to be listed on the exchange.

The Carey Olsen team was led by funds partner James Mulholland, who assisted by senior associates Christopher Griffin and Claire Le Quesne and associate Stephanie Nisbet.

Mr Mulholland said: “We supported the Kennedy Wilson team with its secondary fund raise very soon after its high-profile IPO. The success and speed of this new deal endorses KWERE's investment strategy from both new and existing investors. Carey Olsen leads the way in real estate private equity in Jersey not just from our work with Kennedy Wilson but also with an array of clients who have been actively fund raising.”