Ogier and EFG support $1.65bn fund raising

Posted: 12/07/2018

Ogier has acted as Jersey legal adviser for Index Ventures in relation to the establishment of Index Ventures Growth IV, which has raised $1bn to invest in later-stage, growth rounds, and Index Ventures IX, which recently closed at €650 million to put into earlier rounds for smaller start-up companies.

EFG Fund Services acted as full service provider to Index Ventures’ two latest funds, extending a relationship that dates back to 2000.

This latest $1.65 billion from Index is a significant increase in fund size on its previous growth and venture fund close (in 2016 it raised $550 million for venture and €650 million for growth), which will enable Index Ventures to take advantage of increasingly sophisticated and international start-ups. The funds are expected to split their investments between the US and Europe, and have again been backed by pension funds, college endowments, funds of funds and non-profit organisations.

Partner Niamh Lalor led the Ogier Jersey team assisted by Senior Associate Joanna Christensen, Counsel Sophie Reguengo and Associate Dan Whalen. Ian Henderson, Global Head of EFG Fund Services headed the EFG team.

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