We are delighted to announce IAG’s appointment as company secretary and administrator to the recently closed ESSVP IV Fund. The Fund had its final closing in the second quarter of 2017 and successfully raised total capital commitments of €320 million.
The Fund is advised by Orlando Management AG (Orlando) and is Orlando’s fourth Guernsey domiciled fund. It will focus on investment in special situation industrial assets in Germany and German-speaking countries as well as the Nordics, with sales typically in the range of €50-500 million.
Martin Scott, Director of IAG said: “IAG is delighted to have won the mandate to act as administrator to the ESSVP IV Fund and we look forward to having a close and successful working relationship with the various investors and the Advisor Orlando.”
Guernsey law firm Carey Olsen advised the general partner on the launch of the Fund in Guernsey. Corporate partner Tom Carey, who led the firm’s team, said: “The decision to structure a fourth fund in Guernsey is a strong endorsement of the expertise available here on the island, and our involvement in the latest fundraise is reflective of our position as the market leading legal adviser to Guernsey funds.”