International Administration GroupIAG

IAG appointed as fund administrator for Octopus Zenith Opportunities II LP

Wednesday, October 14, 2015

International Administration Group (“IAG”) is delighted to announce that it has been appointed to provide fund administration services to the recently launched Octopus Zenith Opportunities II LP (“Octopus Opportunities fund”). Aimed at providing growth capital to successful fast-growing later-stage companies across Europe, the US$140m Octopus Opportunities fund has been launched by Octopus Ventures, part of the Octopus group. The Octopus Opportunities fund is dedicated to follow on investments into existing companies within the Octopus portfolio, as well as having the opportunity to back later-stage high growth businesses new to Octopus. The institutional-only fund is now closed to new money.

The Octopus Opportunities fund will see Octopus invest between £250,000 and £25 million into Europe’s most talented entrepreneurs, enabling the team to back businesses from inception through to the later stages of development.

The first investment from the Octopus Opportunities fund has already been made, with Octopus leading the recent US$60m round with Google Ventures into Secret Escapes, the London-based members only luxury travel site.

As fund administrator, IAG in Guernsey will provide accounting, financial reporting, cash management, investor reporting and company secretarial services to the structure.

Mark Woodall, Managing Director of IAG commented, “We are delighted to continue our relationship with Octopus and to be involved with this innovative fund structure helping European entrepreneurs.”

IAG’s UK joint venture partners, Thompson Taraz, are providing UK depositary services in accordance with the EU’s Alternative Investment Fund Managers Directive.

About IAG

www.iagfundservices.com

Headquartered in Guernsey with offices in Europe and Asia, IAG delivers specialist fund administration services for private equity, real estate, alternative assets and listed corporate structures.

Since its inception, IAG has administered over 400 funds and globally has assets under administration of over US$16bn. IAG can call on the expertise of 100 staff in Europe and 1750 in Asia from 33 offices around the world.

For more information on Thompson Taraz and Octopus Ventures please visit:

www.thompsontaraz.co.uk

www.octopusinvestments.com