Maitland, the global advisory and fund administrator for listed funds, has been chosen as the fund administrator for two Guernsey-domiciled funds – Tufton Oceanic Assets and CIP Merchant Capital.
Both firms listed on the London Stock Exchange (LSE) at the end of last year, making them two of three Guernsey domiciled funds to list on the exchange in 2017.
Maitland supported Tufton and CIP in the lead-up to, during and post the IPO, working with the placing agents and with Gowlings WLG, the legal Counsel for both funds.
Maitland continues to provide both of the firms with fund administration and company secretarial services.
Maitland is now the administrator for more than 20 LSE listed funds, which are covered by Maitland’s service centres in Chelmsford, Edinburgh and Guernsey.
Tufton Oceanic Assets raised $91 million when it listed on the specialist funds segment of the LSE on 20 December 2017. CIP Merchant Capital raised £55 million on the AIM market of the LSE on 22 December 2017.