Carey Olsen has worked with international law firm CMS Cameron McKenna LLP on the launch of River and Mercantile UK Micro Cap Investment Company - a new Guernsey closed-ended fund, which raised £50.6 million on its listing on the premium segment of the London Stock Exchange (LSE) on 2 December 2014.
The fund will focus on achieving long-term capital growth from investment in a diversified portfolio of UK micro-cap companies (companies with market capitalisations typically of less than £100 million at the time of purchase). River and Mercantile Asset Management LLP has been appointed as portfolio manager.
Advising on all aspects of the fund's establishment as a Guernsey structure, as well as on the required regulatory approvals, Carey Olsen's corporate team included Partner Ben Morgan and Senior Associate Annette Alexander.