Carey Olsen's Guernsey corporate team has advised on the successful initial public offering (IPO) of Axiom European Financial Debt Fund and its admission to trading on the Specialist Fund Market of the London Stock Exchange.
The fund raised approximately £50.7 million and included a placing programme to issue up to 500 million shares.
The new Guernsey fund will invest in a diversified portfolio of regulatory capital financial investments issued by European financial institutions.
Partner Ben Morgan, Senior Associate Annette Alexander and Associate Alexandria du Jardin in Carey Olsen's Guernsey corporate practice advised on the Guernsey aspects of the IPO alongside Berwin Leighton Paisner. Liberum Capital is the fund's sole financial adviser and bookrunner and Elysium Fund Management has been appointed to be the fund's administrator. The investment manager of the fund is Axiom Alternative Investments.