Walkers acted as Jersey counsel to Westbrooke Alternative Asset Management UK Limited on the establishment and launch of two Jersey Private Funds.
With a presence in South Africa and the United Kingdom, Westbrooke Alternative Asset Management aims to create and preserve wealth on behalf of its clients, partners, managers and shareholders through investment in private equity, listed equity, property and credit.
Westbrooke Yield Plus Limited invests in a diversified portfolio of private debt instruments with a core focus on the United Kingdom, Europe, United States and will also invest in other developed economies.
Westbrooke Rhythm Limited invests into a diversified global portfolio of early-stage companies which demonstrate innovative and disruptive business models. The fund will primarily target equity investments in businesses which have the potential for exponential organic growth through digitization of incumbent models.
Speed of establishment together with appropriate and proportionate regulation for the level of sophistication of the investor base, was instrumental in choosing Jersey and in particular the Jersey Private Fund regime as the domicile of the fund vehicles.
The Walkers team was led by partner Jonathan Heaney who was assisted by senior counsel Christopher Reed.
Jonathan Heaney commented:
"Our appointment is another example of the growing international interest in Jersey domiciled fund vehicles and highlights the rising global demand for the Jersey Private Fund product in general – which greatly reduces time to market and facilitates the deployment of capital. The team at Walkers has had great pleasure in working with Westbrooke Alternative Asset Management in establishing and launching these new ventures and wish the funds every success."
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