Carey Olsen's investment funds team in Guernsey has advised foodtech and alternative protein investor Synthesis Capital on the launch and final close of its debut fund, Synthesis Capital Fund I – a Guernsey Green Fund with commitments in excess of $300m.
The fund, set up to support technology solutions that will help global food system and environmental challenges, was oversubscribed.
It has attracted investment from institutional investors, corporate partners, family offices and high-net-worth angel investors.
The fund will look to invest in around 15 companies across the food value chain.
It has already invested in cultivated meat startup Upside Foods, sans bovine ice cream maker Perfect Day, biomanufacturing as a service platform Culture Biosciences and 3D printing tech startup Redefine Meat.
Working alongside lead counsel Sidley Austin, the Carey Olsen team advising Synthesis on all Guernsey aspects of the fund's establishment, launch and closing was led by Partner David Crosland (pictured), assisted by Senior Associate Alex Mauger and associate Claire Cooke.