Carey Olsen’s investment funds team in Guernsey advised financial services investment firm Preservation Capital Partners on the successful final close of PCP Fund II at €459 million, surpassing its previous fund which closed at €350 million.
With the closure of PCP Fund II, Preservation Capital Partners now manages approximately €1 billion in assets across its three operational funds.
The Carey Olsen team advising Preservation Capital Partners comprised partner Andrew Boyce, senior associate Rachel de la Haye and associates Oliver Orton and Nicola D’Amico.
Andrew Boyce (pictured) commented: “As Guernsey’s leading legal adviser in the investment funds sector, Carey Olsen is always proud to work alongside other preeminent names in the market. We were therefore delighted to work with Preservation Capital Partners on this extremely successful launch, with PCP Fund II closing at a 30% increase on its predecessor fund.”
Jatender Aujla, Managing Partner, Preservation Capital Partners, said: “It was great to work with the Carey Olsen team on the successful launch of PCP Fund II. Their support played a pivotal role in the success of the launch, which received exceptional backing from new and existing investors.”
Based in London, Preservation Capital Partners specialises in investing in market leading businesses operating within the high-growth financial, technology and services sector across Europe. With a flexible mandate, the firm can invest as both a minority and major investor, typically providing equity investments ranging from £50 to £150 million.
