Oakbridge and Carey Olsen together have assisted Sullivan Street Partners, a London-based buyout firm that focuses on complex situations, with its launch Sullivan Street Investments 2024.
The Fund will build a portfolio of three Portfolio Companies, which shall comprise lower midmarket buyouts headquartered or incorporated in, and which have substantial business operations in or revenue from, the United Kingdom.
The Oakbridge team was led by Oakbridge’s Director Alex Smyth and Associate Director Jonathan Crawford (pictured).
Jonathan commented: “It’s been a privilege working alongside the Sullivan Street Partners and helping them set up their first Fund in Jersey. At Oakbridge we are excited and looking forward to working with them on this and more exciting investment Funds.”
Carey Olsen provided all the regulatory, fund structuring and legal advice for establishing Sullivan Street’s Fund, with Oakbridge facilitating the Fund launch and ongoing fund administration services. The Carey Olsen team was led by corporate partner Chris Griffin, assisted by Associate Rachael Barber.
Chris said: “We’re proud that Carey Olsen has been able to act as Jersey counsel on the launch of the Sullivan Street Fund. The Fund’s successful closing is a fantastic effort by Sullivan Street and underlines the confidence in the firm from some great institutional investors. It also serves as the latest example of a first-time fund to be launched in Jersey and illustrates the jurisdiction’s ongoing attractiveness to innovative and dynamic first time managers.”
