Imperium Fund Services, an independent fund administration service provider to the closed-ended alternative funds industry has assisted Leafy Tunnel Ltd, a UK fund manager, with the launch of their regulated medicinal cannabis and psychedelics fund in Guernsey.
This is the first fund of its kind in Guernsey, a leap forward for Guernsey as a jurisdiction in the alternative funds space.
Leafy Tunnel is an early-stage venture capital firm investing in alternative medicine to address mental health and pain disorders.
The Leafy Tunnel mission is to back teams that aim to maximise the potential of alternative medicine with a focus on providing relief from pain and mental health disorders whilst improving the quality of life for both patients and their families.
At present, one in four people all over the world suffer from pain disorders, substance abuse, anxiety, depression, and other mental health illnesses. Leafy Tunnel are confident that psychedelics and cannabis, backed by clinical studies and pharmaceutical as well as business professionals, are poised to become the ‘next major medical breakthrough’ in treating these healthcare challenges.
Bek Muslimov, Co-Founding Partner of Leafy Tunnel, says: “the team at Imperium have provided invaluable support to Leafy Tunnel in their role as fund administrator. Be it liaising the fund application with the regulator, recommending suitable candidates for the directorship roles, or ensuring that everything is addressed from a compliance perspective.
“Barry McClay and Charlotte Parr have always made themselves available to us in critical moments whenever we have needed them. Their professional and pragmatic approach to giving advice has helped the Leafy Tunnel team to look at things from multiple perspectives before making our decisions. We trust the advice that Barry McClay and Charlotte Parr give whilst also placing our trust in the wider organisation. We look forward to working with Imperium over the coming years”.
Barry McClay (pictured), Managing Director of Imperium Fund Services Limited, also commented: “we congratulate Leafy Tunnel on the launch of this novel fund. The wider finance industry is quickly adapting to welcome new assets classes such as this and we are pleased that Guernsey can be a part of that”.
