Lawyers from Carey Olsen's investment funds team in Jersey have advised long-standing client Kreos Capital on the launch of its largest ever growth debt fund.
The fund, Kreos Capital VI (Expert Fund) LP, has secured €700 million of committed capital and will continue the strategy of previous Kreos funds and provide growth debt financing to high-growth companies across Europe and Israel.
Kreos has already started to deploy capital from the fund and expects to commit €250 million to €300 million per annum over the coming years.
Working alongside onshore counsel Goodwin Procter, Carey Olsen advised on the fund's establishment as a Jersey Expert Fund and on all Jersey-related corporate and regulatory aspects of its launch. The team was led by Partner James Mulholland, assisted by Associate Arindam Madhuryya.
Since 1998, Kreos has completed 540 transactions and committed more than €2.3bn in 15 countries.