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Carey Olsen and Suntera International assist TNT International Capital on launch of fintech fund
Regulation agency Carey Olsen and advisor Suntera International (Suntera) have partnered to assist Singapore-based asset administration agency, TNT International Capital (TNT), on the launch of its fintech-focused fund, Volcano Funding Restricted (Volcano Funding).
Established as a Jersey Non-public Fund (JPF), Volcano Funding has been created to construct a portfolio of potential firms throughout the fintech sector.
The potential firms will embrace decentralised finance expertise companies, info storage corporations, and blockchain expertise specialists. Volcano Funding will put money into these firms globally, with an emphasis on the APAC area.
Working alongside onshore counsel McDermott Will & Emery, the Carey Olsen workforce will advise TNT on the structuring, institution and regulatory facets of the fund’s launch underneath the JPF regime.
Suntera’s fund providers division will act as a chosen service supplier to Volcano Funding, offering a broad vary of administration and regulatory compliance providers to the fund on an ongoing foundation.
Chris Griffin, Jersey company companion at Carey Olsen, says: “It was a pleasure to work with TNT on its first Jersey Non-public Fund launch. The truth that TNT selected to construction the fund by way of Jersey additionally reinforces the attractiveness of the jurisdiction as a centre for personal fairness, significantly when mixed with the flexibleness of the Jersey Non-public Fund regime.”
Ryan Taylor, head of funds at Suntera in Jersey, feedback: “Having obtained our fund administration licence in Jersey final yr, we’re persevering with to see ongoing curiosity each in our capabilities and in Jersey as a specialist vacation spot for fund structuring.
“It’s significantly pleasing to be supporting a Singapore-regulated supervisor, reflecting the worldwide attain of Jersey’s funds sector, and much more so one working within the dynamic fintech and disruptive expertise area.”
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