Carey Olsen's investment funds team in Guernsey advised financial services investment firm Preservation Capital Partners on the successful final close of its PCP Fund II at €459 million, surpassing its previous fund which closed at €350 million.
With the closure of PCP Fund II, Preservation Capital Partners now manages approximately €1 billion in assets across its three operational funds.
Based in London, Preservation Capital Partners specialises in investing in market-leading businesses operating within the high-growth financial, technology and services sector across Europe. With a flexible mandate, the firm can invest as both a minority and major investor, typically providing equity investments ranging from £50 to £150 million.
The Carey Olsen team advising Preservation Capital Partners comprised partner Andrew Boyce, senior associate Rachel de la Haye and associates Oliver Orton and Nicola D'Amico.
Andrew Boyce commented: "Carey Olsen is always proud to work alongside other pre-eminent names in the market. We were therefore delighted to work with Preservation Capital Partners on this extremely successful launch, with PCP Fund II closing at a 30% increase on its predecessor fund."
Jatender Aujla, Managing Partner, Preservation Capital Partners, said: "It was great to work with the Carey Olsen team on the successful launch of PCP Fund II. Their support played a pivotal role in the success of the launch, which received exceptional backing from new and existing investors."
