We are delighted to announce IAG’s appointment as administrator to Octopus Zenith Opportunities Fund III (“Zenith III”).
London-based European VC firm Octopus Ventures (“Octopus”) recently launched Zenith III, a European technology growth fund, with commitments totalling £83 million.
Zenith III will support high-growth European technology ventures requiring capital for their next phase of expansion. The fund follows on from Octopus Zenith Opportunities Fund II which provides capital to fast growing later-stage companies across Europe, and brings Octopus’ total funds under management to over £1 billion.
IAG has worked with Octopus for several years and, as fund administrator, will provide accounting, financial reporting, cash management, investor reporting and company secretarial services to the structure.
Mark Woodall, Managing Director of IAG said:
“We are pleased that IAG has been appointed to act as administrator to Zenith III. We view our appointment for the new fund as a continued endorsement of the high quality of service provided by IAG and evidence of our expertise and infrastructure in servicing complex fund structures.”
Headquartered in Guernsey with international presence in Luxembourg, Hong Kong and Singapore, IAG delivers a full suite of fund administration and depositary services to private equity, open-ended, listed and alternative asset fund structures.
Alliott Cole, CEO at Octopus Ventures said:
“We are delighted to have launched this new fund following the success of Zenith II. Zenith III allows us to continue to support start-ups requiring capital to build teams and accelerate growth, from inception right up to international scale-up. We are pleased to offer our investors the continuity that comes with having IAG as our dedicated fund administrator. It consistently provides a highly personal and responsive service which has allowed us to focus on our core business.”
About Octopus Ventures
Where there is change there is huge entrepreneurial opportunity, particularly in three key areas: industry, money and health. We’ve refined our focus towards these specialisms to discover the next generation of innovators.
Octopus Ventures is headquartered in London and New York, with Venture Partners in San Francisco, Shanghai and Singapore who offer exclusive insight and advice to our portfolio companies looking to expand into new markets.
Octopus Ventures has supported over 100 outstanding entrepreneurs.
"If it's simplifying the most complex of structure, breaking it down into its constitutive parts, IAG should be your first port of call for fund admin in Guernsey. Their directors are first class."
FUND LAWYER, GUERNSEY