The newly-launched Guernsey Investment Fund PCC, which is managed by Ravenscroft and has been heralded as a ‘significant milestone for Guernsey’s economy’, had appointed Ferbrache & Farrell as its legal counsel.
Described as an ‘economic enabler’, the multi-million-pound investment fund will offer a substantial boost to business by investing in projects and companies which have a Bailiwick of Guernsey focus, or which may benefit directly or indirectly the development of the island.
The fund will be made up of a number of protected cells, with the technology and innovation cell being the first cell launched. Property and infrastructure cells are being considered for the future.
The intention is that each cell will be fully invested within five years with an intended realisation within 10 years.
Gavin Farrell, advocate and partner and Natalie Le Cras, senior associate, led the legal project at Ferbrache & Farrell.
Gavin said: “As a Guernsey-focused law firm, we are committed to supporting local industry as well as our international client base. We are pleased that our professional expertise will be utilised to support innovators and entrepreneurs as they look to drive their businesses forward to the benefit of Guernsey.”
Natalie said: “We’re proud to be involved in such a landmark launch for Guernsey. We’re looking forward to seeing how the fund will open up new opportunities for businesses in the Bailiwick and it’s exciting to be part of that story.”
In addition to Ferbrache and Farrell’s appointment as legal counsel, International Administration Group (Guernsey) Limited has been appointed as administrator and PricewaterhouseCoopers (CI) LLP as the auditor.