Carey Olsen's Jersey investment funds team has advised art advisory and appraisal group Gurr Johns on the launch of Gurr Johns Capital Credit Partners, a fund dedicated to providing innovative and flexible solutions to investors in the global art and collectibles market.
Established as a Jersey Private Fund (JPF), Gurr Johns Capital recently held its first close and has a fundraising target of $100m.
The fund will support Gurr Johns' established service offering, with Gurr Johns Capital focused on creating bespoke financial solutions for individuals, galleries, companies and institutions – whether that be for releasing liquidity, making acquisitions or bridging cash flow needs.
Working alongside onshore counsel Schulte Roth & Zabel, the Carey Olsen team advising on the structuring, establishment and regulatory aspects of the fund's launch under the JPF regime was led by Partner Robert Milner, assisted by Associate Sally Smith.