Carey Olsen's investment funds team in Jersey has advised European mid-market investor Capvis on the final closing of Capvis Equity V at just under €1.2bn.
The fund, which exceeded its €1bn target and the €0.7bn raised by Capvis Equity IV, is the latest and largest Capvis flagship fund to have been established in Jersey.
Capital for Capvis V came from new and existing investors from around the globe, extending Capvis’ relationships in North America, the Middle East and Asia. Investors in Europe remain well represented and the investor base includes public and corporate pension funds, insurance companies, sovereign wealth funds, asset managers and family offices.
Capvis V will invest in mid-size companies in Switzerland, Germany, Austria, Italy and the Benelux that are involved in manufacturing technology, engineered products and advanced services.
The Carey Olsen team advised Capvis on all Jersey legal and regulatory aspects of the fund's establishment as a Jersey Expert Fund. It was led by Partner Daniel O'Connor and assisted by Associate Arindam Madhuryya. They worked alongside lead counsel Latham & Watkins.