Carey Olsen has advised Gravis Capital Partners LLP on the initial public offering (IPO) of a new £100 million Jersey fund, Project Finance Investments, which is now listed on the main market of the London Stock Exchange.
The company’s investments will be largely UK-based, medium-to-long-term fixed or floating rate loans secured against cash flows and/or physical assets; its objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.
Carey Olsen Partner Robert Milner said the IPO and listing on the London Stock Exchange (LSE) Main Market made Project Finance Investment’s proposition all the more compelling – creating genuine secondary liquidity for investors who want to access a traditionally illiquid asset class.
“The success of this fund launch and listing shows real confidence by investors in Gravis Capital Partners, the manager of the new fund. It shows that the right product and right team can lead to a successful fund IPO," he said.