Highvern and Permian, with continued backing from Jacobs Capital, are acquiring Guernsey-based Oak Fund Services.
Founded in 2000 and part of The Opera Group, Oak Fund Services is a Guernsey-based fund administrator specialising in alternative investment structures, including private equity, real assets and infrastructure. The business is led by James Tracey and has built an established presence in the local funds sector. Following completion of the acquisition, Mr Tracey will take on the role of Head of Funds, Guernsey for the Group.
Commenting on the transaction, Caroline Connellan, Group CEO of Highvern & Permian, said: “We are delighted to welcome Oak Fund Services to the Group. This acquisition brings together two highly regarded Guernsey businesses with talented people, closely aligned cultures, shared values and a commitment to exceptional client service.
“Oak Fund Services has built an excellent reputation in the Guernsey funds market, and together we have an exciting opportunity to offer clients greater choice across asset classes and jurisdictions, while further reinforcing the strength of Guernsey within our wider international business.”
Kim Sgarlata, Group CEO of Opera, said: “Oak Fund Services in Guernsey is a high-quality business, and we are confident Highvern & Permian provides the right home for its clients and people as Opera sharpens its focus on specialist private wealth, private capital, and institutional expertise.
“Through HFL, Oak Jersey Funds and the broader group platform, we are building deep, differentiated capabilities across the full spectrum of the innovation economy, from founders and entrepreneurial capital through to sovereigns.”
Pictured: Left to right – Aidan O’Fllanagan (Head of Funds – Offshore – Highvern & Permian), James Tracey (MD Funds Guernsey – Oak Group), Caroline Connellan (Group CEO – Highvern & Permian)
