Crestbridge has provided a range of fund and corporate administration services in the establishment of Jersey-regulated fund EJF Investments and its listing on the Specialist Fund Segment of the London Stock Exchange.
A closed-ended investment company, EJF Investments is managed by an affiliate of US-based EJF Capital, a $7.4bn hedge fund that invests across debt, equity and securitisation assets.
The newly established Jersey fund, listed with an initial share capital of almost £70m in April 2017, will invest in opportunities created by regulatory and structural changes in the financial services sector – including in asset-backed securities, distressed real estate assets, structured debt and equity, loans, bonds, preference shares, convertible notes and private equity, issued in the US, UK and Europe.
Crestbridge’s team in Jersey, led by Directors Ana Kekovska and Danny Cole, helped establish the fund’s subsequent listing by providing a range of administration, company secretarial and accounting services.
Crestbridge worked on the transaction and fund listing with legal advisers Clifford Chance in London and Carey Olsen in Jersey, as well as accountancy firm KPMG and investment adviser Liberum.