24/10/24

CAREY OLSEN: Carey Olsen Jersey advises RoundShield on its largest fund in history, RS Fund V

Press Release from Carey Olsen, Friday 25 October, 2024.

Carey Olsen's investment funds team in Jersey has advised RoundShield Partners LLP ("RoundShield") on the successful closing of its fifth European special opportunities fund ("Fund V"), the largest fund in its 11-year history with investor commitments of over US$1 billion.

Carey Olsen worked alongside lead counsel Sidley Austin LLP in advising RoundShield, a London-based private investment firm with deep expertise in asset-backed private credit.

In a testament to RoundShield's solid track record and experience, a significant majority (over 80%) of the investors in Fund V are existing clients of RoundShield and its latest fund also attracted ten new investors. Roundshield's diverse investor base includes public and private pension funds, endowments, foundations, insurance companies, and family offices from around the world.

RoundShield is investing Fund V (which falls under Article 8 under the EU’s Sustainable Finance Disclosures Regulation) in private credit opportunities tied to real assets in Western Europe, primarily focusing on sectors like hospitality, student housing, residential property, social infrastructure, renewable energy and other operating-related real estate.

The Carey Olsen team advising on the Jersey aspects of Fund V comprised partners Robert Milner and Nienke Malan and associates Marco Carossa and Suzie Hamilton.

Nienke Malan commented: "Many congratulations to RoundShield and Sidley on the historic US$1 billion fundraise for Fund V. We are delighted to have supported our significant and long-standing client once again and are proud that they are going from strength to strength."

Carey Olsen is the highest-ranking offshore law firm according to the Chambers UK Legal Guide 2025, and its top-rated Jersey funds team also assisted RoundShield on its predecessor funds, including Fund IV in 2020 (closed at $880 million) and Fund III in 2018 (closed at its €500 million hard cap). 

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