Carey Olsen's corporate team has advised private equity investment group Earth Capital on the designation of its Nobel Sustainability Fund as a Guernsey Green Fund.
Designation as a Guernsey Green Fund is gained through compliance with Guernsey Financial Services Commission rules to assure investors that investments are being used for environmental purposes and are monitored against a recognised set of regulatory standards.
The Nobel Sustainability Fund focuses on growth-stage investment opportunities in sustainable technology across food, water and energy, which look to help meet growing demand for these resources from an increasing population.
The fund is due to close in June with a target size in excess of $175m.
The Carey Olsen team advising Earth Capital was led by Partner Tom Carey, assisted by Senior Associate Matt Brehaut.