Carey Olsen’s investment funds team in Jersey advised Quinbrook Infrastructure Partners on the Jersey legal and regulatory aspects of Quinbrook Low Carbon Power Fund’s final closing, which raised a total of US$1.6bn in primary fund and co-investment commitments.
The fund focusses on investments primarily in the ‘new build’ lower carbon and renewable energy sectors of the US, the UK and Australia.
The fund took advantage of the regulated Jersey Eligible Investor Fund regime to target institutional investors, and also enabled investors to increase their exposure to technology-specific subsets of the investment portfolio, such as wind and solar, alongside the main fund through Jersey Private Fund co-investment vehicles.
Oak Group has acted as the Jersey administrator to the Quinbrook Group since its launch in 2016, acting in conjunction with another administrator in respect of the fund and co-investment vehicles.
With demonstrable knowledge in the clean energy sector and experience in administering significant funds, the local Oak team provide directors and company secretary to the fund and co-investment vehicles, and are the sole administrators for the general partner and group entities.