Carey Olsen's investment funds team in Guernsey has advised Round Hill Music Royalty Fund on its listing on the Specialist Fund Segment of the Main Market of the London Stock Exchange.
The fund, which raised $282m on launch, will be managed by New York-based music publishing company Round Hill Music and will continue investing in high-quality and established music royalties.
The firm has identified pipeline investments comprising intellectual property rights for more than 120,000 songs, including hits by The Beatles, The Rolling Stones and James Brown. This is the fourth fund for the firm and has been backed by M&G Investment Management as a cornerstone investor.
Working alongside Gowling WLG (onshore counsel) and Cenkos Securities (sole bookrunner and financial adviser), Carey Olsen advised on the Guernsey legal and regulatory aspects of the Guernsey-incorporated fund. The team was led by Partner Tony Lane, assisted by Counsel Andrew Tually and Associate Olivia Hamilton-Russell.
St Peter Port office sale
Meanwhile, lawyers from Carey Olsen's property team have advised the owners of St Julian's Properties on the sale of St Julian's Court in Guernsey for £13.785m to an investor group led by UK property group Craigard.
The office building, located on St Julian's Avenue in St Peter Port, offers 32,400 sq ft of Grade A office space and is fully let to financial services businesses including Rothschild & Co Bank International.
The Carey Olsen team that advised on all aspects of the transaction comprised Partner and head of the property team Jason Morgan and Senior Associate John Le Tissier.