Ogier's Jersey investment funds team has advised Index Ventures on the simultaneous closings of Index Ventures Growth V – which has raised $1.2bn to invest in later-stage growth rounds – and Index Ventures X, which recently closed at $800m to put into earlier rounds for smaller start-up companies.
This latest $2bn raise from Index is an increase in fund size on its previous growth and venture fund close – in 2018, it raised $650m for venture and $1bn for growth. It will enable the US venture capital firm 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 been backed by research organisations, universities, medical institutes, pension funds and funds of funds.
Partner Niamh Lalor led the Ogier Jersey team, assisted by Managing Associate Alexandra O'Grady and Associate Catrin Le Rendu.
As with previous fundraisings, the Ogier team worked with Index Ventures, Ropes & Gray as lead counsel, Travers Smith and administrator EFG Wealth Solutions.