Jersey based alternative asset fund administrator EFG Securities Services (“EFG”) is proud to announce the launch of Index Ventures’ new fund.
Geneva headquartered investment management firm Index Ventures SA has appointed EFG as Administrator to Index Ventures Growth II (“IVGII”), a Jersey domiciled Venture Capital Fund which has raised EUR 500m in commitments from investors and will be making late stage investments in technology and life science companies.
This landmark fund is the largest of its type to be raised in the past five years. It had its final closing in late summer and has since made two investments, including Dropbox, the innovative online storage provider. IVGII is a Jersey Expert Fund and is the latest in a successful series of Funds raised by Index Ventures. It is the fifth Index Ventures fund to which EFG has been appointed administrator.
Charlie Power, Chief Operations Officer of Index Ventures SA, commented:
“Index Ventures has a long and positive experience of working with EFG and we are delighted that they are supporting us on our latest fund. This is a significant new fund for us as we seek to build on our success in the technology and life-sciences sectors. EFG is a seasoned and capable fund administrator who knows how Index operate and we look forward to working with them again.”
Ian Henderson, Managing Director of EFG Securities Services, added:
“Index Ventures have a very strong track record and excellent reputation within the industry so to be retained by them for their new fund represents a very satisfying endorsement of the EFG team and our approach to client service.”
For further information please contact:
Ian Henderson – Managing Director Tel: + 44 1534 605693 Email: firstname.lastname@example.org
Nigel Greenwood – Client Director Tel: + 44 1534 605670 Email: email@example.com
About EFG Securities Services
EFG Securities Services is a division of and a trading name of EFG Offshore Limited. It provides a full range of fund administration services, embracing both closed and open-ended funds, investment vehicles structured as companies, unit trusts and limited partnerships, and their associated structures and subsidiaries. Administration services are provided to both third party clients from various jurisdictions and EFG Group funds; clients include major banks, investment houses, property specialists, venture capital and private equity firms. EFG Securities Services has established a high reputation for the administration of specialist funds such as private equity and real estate. Currently the aggregate net asset value of funds under administration exceeds USD 1.8 billion, comprised across circa 30 separate structures.
About EFG Offshore Limited
EFG Offshore Limited (“EFG Offshore”) is headquartered in Jersey and is a member of the prestigious EFG International Group, which is based and has its head office in Switzerland.
EFG Offshore can trace its origins in Jersey back to 1928 and employs over 100 people in its offices in Jersey and Singapore. EFG Offshore operates via two main subsidiaries in Jersey, EFG Trust Company Limited, which houses the private client business, and EFG Fund Administration Limited, which provides third-party fund administration services. EFG Offshore is licensed to provide fund administration and custodian services and is a listing member of the Channel Islands Stock Exchange.
EFG Offshore Limited, EFG Trust Company Limited and EFG Fund Administration Limited are regulated by the Jersey Financial Services Commission.
About EFG International
EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich.
EFG International's group of private banking businesses currently operates in over 30 countries, with more than 2,000 employees. EFG International's registered shares (EFGN) are listed on the SIX Swiss Exchange. EFG International is a member of the EFG Group headquartered in Geneva, one of the top 5 banking groups in Switzerland by Tier-1 Capital.
About Index Ventures
Index Ventures is a leading venture capital firm active in technology, biotech and clean tech venture investing since 1996. The firm is dedicated to helping entrepreneurial teams in the Information Technology and Life Science sectors build their companies into market defining global leaders. They invest from seed through to growth stage companies. The firm has offices in Geneva, London, San Francisco and Jersey.
Index's current portfolio includes Criteo, Boku, Lookout, Mimecast, Ozon, Path, Pentaho, Rightscale, Soundcloud, Storsimple and viagogo. Exits of note include Cloud.com (acquired by Citrix), RPX (Nasdaq: RPXC), Lovefilm (acquired by Amazon), Playfish (acquired by Electronic Arts), MySQL (acquired by Sun), Last.fm (CBS) and Skype. For more information, please visit www.indexventures.com.