Ferbrache & Farrell has acted as local counsel to the launch of a continuation fund worth $265m.
The Guernsey law firm assisted its long term client Lakestar – a European venture capital adviser, to set up the closed ended fund.
It is one of the largest transactions of its kind in the European venture capital market.
Lakestar has raised over $2.5bn dollars through its Guernsey-based investments.
The transaction involved lead counsel Clifford Chance, Munich, and F&F, as led by Gavin Farrell and Stuart Nash.
F&F advised on all Guernsey aspects for the regulatory, corporate, banking and finance work streams of the launch.
The fund appointed Aztec Guernsey as administrator, and follows on from the recent successful launches of Lakestar’s latest fund generation, Lakestar Early IV and Lakestar Growth II, also Guernsey registered funds.
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