Carey Olsen’s corporate team has advised Earth Capital, the global private equity investment group focused on sustainable investing, on the successful designation of its Nobel Sustainability Fund as a Guernsey Green Fund.
Designation as a Guernsey Green Fund – the world’s first regulated green fund product – is achieved through compliance with the Guernsey Financial Services Commission’s (GFSC) Guernsey Green Fund rules. The accreditation provides investors with the confidence that investments are being used for environmental purposes and are monitored against a recognised set of regulatory standards.
The Nobel Sustainability Fund is focused on growth-stage investment opportunities in sustainable technology across the themes of food, water and energy that look to help meet growing demand for these resources from an increasing population. The Fund is due to close in June 2021 with a target size in excess of US$175 million.
The Carey Olsen team advising Earth Capital on the fund’s Guernsey Green Fund designation was led by partner Tom Carey, assisted by senior associate Matt Brehaut.
“Carey Olsen is pleased to have supported Earth Capital on the Guernsey Green Fund designation of the Nobel Sustainability Fund. Guernsey is committed to being a centre of excellence for green finance and meeting the eligibility criteria set by the GFSC provides investors with the reassurance that the fund conforms to the internationally agreed objective of mitigating environmental damage and climate change.”
Earth Capital was founded in 2008 by private equity veteran Gordon Power and Hargreaves Lansdown founder Stephen Lansdown to focus on the commercial investment opportunities responding to the climate emergency and sustainable development.
