Carey Olsen advises Insight Investment Management

Posted: 24/10/2012

Graham Hall (Carey Olsen)

Carey Olsen has advised Insight Investment Management on the establishment of a Guernsey registered fund constituted as a limited partnership which will invest in distressed consumer debt, and is listed on the Irish Stock Exchange.The Insight Consumer Debt Recovery Fund II LP is aiming to raise €400m in total commitments.

Carey Olsen partner Graham Hall (pictured) and associate Alex Mauger acted for Insight on the establishment of the fund entities and advised on a range of aspects in respect of regulation and the fund's operational documentation.

Advocate Hall said: “The establishment of distressed debt funds is growing as a consequence of the uncertain financial climate. These funds have shown a pattern of providing good returns for investors.”

“We have established a number of distressed debt funds in Guernsey in recent years and I think this demonstrates that Guernsey is well positioned as a centre for structuring this type of fund. It has been a pleasure to work with Insight once again.”

Carey Olsen advised Insight on the establishment of Insight Consumer Debt Recovery Fund I LP in Guernsey in 2010.


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Zedra

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