Carey Olsen advises Kreos Capital on launch of €700 million fund

Friday 01 March 2019

Lawyers from Carey Olsen's investment funds team have advised Kreos Capital on the launch of its largest ever growth debt fund.

Kreos Capital VI (Expert Fund) L.P., has secured €700 million of committed capital and will provide financing to high-growth companies across Europe and Israel, like other Kreos funds.

Kreos has already started to deploy capital from the fund and expects to commit some up to €300 million per annum over the coming years. 

Working alongside onshore counsel Goodwin Procter, Carey Olsen provided advice on the fund's establishment as a Jersey Expert Fund as well as on all Jersey-related corporate and regulatory aspects of the launch. The team was led by Partner James Mulholland and assisted by Associate Arindam Madhuryya.

Mr Mulholland said: "Carey Olsen is pleased to have once again assisted Kreos Capital on the launch of its latest fund. The fact that Kreos VI was oversubscribed is testament to Kreos' status as a respected and leading provider of growth-debt financing solutions to high-growth companies. Kreos' continued use of Jersey is also further evidence of the island's continued attractiveness to both fund managers and the international investor community."