Carey Olsen advises SuperSeed as it becomes first listed venture capital investment provider
Carey Olsen's Guernsey corporate team has advised on the listing of SuperSeed Capital Limited on the Growth Market of the Aquis Stock Exchange (AQSE) – the first publicly listed fund-of-venture-capital-funds in the UK.
SuperSeed Capital Limited is a listed feeder fund structure, investing initially as a limited partner of SuperSeed II LP, a fund managed by SuperSeed Ventures LLP, which is also the investment manager to SuperSeed Capital Limited.
The listing of SuperSeed Capital Limited allows investors on the public markets to gain exposure to UK early-stage technology companies through venture capital investment, something that has traditionally been restricted to professional or high net worth investors.
The Carey Olsen team advising SuperSeed Capital Limited on the Guernsey legal and regulatory aspects of its establishment as a Guernsey-domiciled closed-ended registered fund was led by partner Tony Lane, assisted by senior associate Matt Brehaut and associate Olivia Trigg. The team worked alongside onshore counsel Stephenson Harwood and corporate adviser and broker VSA Capital.
Tony said: "We are delighted to have advised on SuperSeed Capital's successful admission to the AQSE Growth Market. This is the first Guernsey company, and first investment fund, to be listed on the AQSE but we were hugely impressed by the ease-to-market opportunities the AQSE provides and are excited about the prospect of future listings on the Growth Market. Our involvement on such a notable transaction on the AQSE demonstrates both Carey Olsen's broad capital markets expertise and the ongoing attractiveness of Guernsey as a domicile for innovative listed funds of this nature."
SuperSeed Ventures LLP Managing Partner, Mads Jensen, said: "Carey Olsen provided excellent advice and legal work throughout the process. We were delighted to work with them in the listing of SuperSeed Capital."
Established in 2012, AQSE is a stock market providing primary and secondary markets for equity and debt products.