We are pleased to announce IAG’s appointment as administrator to Guernsey Investment Fund PCC Limited (“GIF” or the “Fund”), a Guernsey-based protected cell company.
The Fund has launched its first cell, GIF Technology & Innovation Cell (the “Cell”), with the States of Guernsey as a cornerstone investor. Ravenscroft Limited will be appointed as Investment Manager to the Fund. MXC Advisory Limited (a subsidiary of MXC Capital Limited) will be appointed as a consultant to Ravenscroft in relation to sourcing and managing investments for the Cell.
The Cell seeks to invest in Guernsey-based technology and innovative companies. Where investment opportunities are not readily available in Guernsey, outside opportunities which have the potential to benefit Guernsey will be considered. The Cell intends to invest fully within five years with an expected realisation within ten years.
Alison Simpson, Chief Executive Officer of IAG, said: ‘We are delighted that IAG has been appointed to act as administrator to GIF and look forward to working alongside Ravenscroft and the Board on the Fund’s first cell. We are particularly excited about GIF’s local investment focus and look forward to seeing the Fund making a positive impact on the local economy in addition to generating returns for its investors.’
For more information about IAG, please contact Martin Scott at email@example.com or call us on +44 (0) 1481 723450.