Lawyers from Carey Olsen's investment funds team in Jersey have advised Astarte Capital Partners on the Jersey aspects of the first closing of Yoo Capital Fund II (YCFII), the first in a series of funds launched by a partnership between Yoo Capital Investment Management and Astarte Capital.
In addition, fund administration services provider Langham Hall has been appointed to provide administration and accounting services to the fund and its associated vehicles from its Jersey and London offices.
YCFII, which has secured the commitments of institutional investors from six continents, has so far secured £200m in new capital to deploy – half way to its fundraising target of £400m.
It will look to invest predominantly in central London and focus on edge-of-prime and infill locations that will create institutional quality mixed use, leisure, healthcare and life sciences real estate assets.
The Carey Olsen team advising on the launch was led by Partner Chris Griffin, assisted by Associate Stephanie Hobbs.