Carey Olsen's Jersey funds team has advised technology investment firm TempoCap on the establishment of a new investment vehicle, TempoCap 2S LP – one of the first Jersey Private Funds to be formed since the new regime’s introduction.
The fund is a closed-ended limited partnership managed by its general partner company situated in Jersey, which invests in European growth and venture assets.
Carey Olsen Partner Robert Milner led the team, assisted by Counsel Chris Griffin and Associate Joseph Barker-Willis, advising on the Jersey aspects of the fund's establishment.
The new Jersey Private Fund regime provides for fast track, 48-hour regulatory approval of private investment funds with up to 50 professional investors.