Alter Domus (Guernsey) has supported Norwegian-based private equity investor Longship with the first and final closing of its Longship Fund III.
Following its fund administration role on Longship Fund I and Longship Fund II, the Alter Domus team in Guernsey has been working with the investment firm and its advisers to deliver this closing.
With commitments raised of NOK2.1bn, Longship achieved the hard cap for its third fund in less than four months, with strong demand from institutional investors, including a 100% re-up rate from existing Longship investors.
The Alter Domus team comprised Country Executive Tom Amy, Senior Managers Jordan Smith and Sarah Lacey and Manager Raitis Darags.