Our environmental, social and governance and “Green Funds” practice

As environmental, social and RELATED SERVICES governance (ESG) issues climb ⁄ Investment Funds higher up the corporate agenda, ⁄ Listings businesses across all sectors are 1st ⁄ Sustainable Finance reviewing their approach to sustainability, carbon reduction We have 18 Tier One ⁄ Corporate Governance and social impact. rankings in The Legal 500 ⁄ Risk and Compliance UK - more than any other ⁄ Mergers and Acquisitions “ The best offshore firm offshore law firm. ⁄ Family Office experience - provides a ⁄ Trusts and Private Wealth full service and is Our experience includes advising on ⁄ Charities and Philanthropic green funds, impact funds (both responsive and human.” environmental and social), offering documentation, mandate vehicles for The Legal 500 family offices and individual clients, FOLLOW US The mandate for change is supported corporate structuring, capital raising, by a growing number of global investors policy and practice, sustainable finance who want their investments to create transactions (including corporate green loans and bonds, sustainable supply positive change as well as profit, and by To find out more, please contact chain financing and renewable energy an increasingly rigorous regulatory our investment funds team at project financing), intellectual property, imperative in relation to disclosure and careyolsen.com risk management. advising boards and dispute resolution services (including board advisory and Carey Olsen supports both grass roots training). projects and global impact investments. We work with asset managers, fund “ They view their work as managers, institutional investors, investment banks, private equity houses, a business partnership. family offices, charities, sovereign Their strength is their wealth funds, HNWIs and intermediaries and provide advice on the legal aspects holistic approach and of sustainable investment and its participation in your implications on governance and compliance processes. business.”

Chambers & Partners

OFFSHORE LAW SPECIALISTS

BERMUDA GUERNSEY CAPE TOWN HONG KONG LONDON careyolsen.com Guernsey “Green Funds”

As a leading domicile for fund • Any type of Guernsey fund can notify About Carey Olsen of its intention to be designated a establishment and servicing, Our market leading investment funds Guernsey Green Fund providing it Guernsey is home to a wide team has advised fund managers active meets the eligibility criteria of green in this sector for many years, and we are range of funds focused on green investing, and has the objective of a proud to have advised on the investment. The development of net positive outcome on the planet’s designation of the world’s first Green environment. Guernsey’s new regulated Green Investment Fund under Guernsey’s new Fund Product – a world first – • The Guernsey Financial Services regime. draws on this expertise to Commission will designate Guernsey provide a trusted and Green Funds on its website and the use of the Guernsey Green Fund logo transparent product for investors that is provided to a Guernsey Green US$228bn+ in green initiatives. Fund to be used on its various marketing and information materials US$228bn+ in impact What is a “Green Fund” (in accordance with the Commission’s investing assets under guidelines on logo use) so that it may • A new type of Guernsey fund management globally. designed to provide a platform clearly display its Guernsey Green through which investments into Fund designation and compliance various green initiatives can be made. with the Guernsey Green Fund Rules. We advise on the full range of Guernsey • • The Guernsey Green Fund enhances Investment managers can choose fund structures, including open and investor access to the green from two options regarding how the closed-ended, limited partnerships, unit investment space by providing a fund is certified so that investors and trusts and listed funds, all of which are trusted and transparent product that the Commission are assured the fund eligible for the Guernsey Green Fund contributes to the internationally is run in accordance with the accreditation. agreed objectives of mitigating Guernsey Green Fund Rules. environmental damage and climate Additionally, the governing body of a “ Carey Olsen is the best change. Guernsey Green Fund can voluntarily apply Environmental, Social and • Investors in a Guernsey Green Fund offshore law firm, both in Governance (ESG) Principles to the are able to rely on the Guernsey investment analysis and decision terms of service and for Green Fund designation, provided making processes of the fund. through compliance with the technical capability and Guernsey Green Fund Rules, to drafting.” represent a scheme that meets strict eligibility criteria of green investing IFLR1000 and has the objective of a net positive outcome on the planet’s environment. We work alongside all the major 1st onshore law firms, administrators and We advised on the securities brokers to assist fund managers on achieving a successful designation of the world’s fund raise. Our practice numbers a full first Green Investment Fund complement of seven partners under Guernsey’s new supported by over thirty associates – the regime. largest of any Guernsey law firm – and we advise more Guernsey-based funds than all other offshore law firms combined.

“ The Carey Olsen team is truly first-class: it has very broad and deep experience and a real focus on combining technical excellence with commercial acumen.”

The Legal 500

2 ⁄ Our environmental, social and governance and Guernsey “Green Funds” practice careyolsen.com Recent experience

Investment Funds Sustainable Technology Investors Ltd Listed Funds and the Nobel Sustainability Trust ADM Capital Bluefield Solar Income Fund Advising on the launch of the £100 Advising ADM Capital Europe LLP on the million Nobel Sustainability Growth Fund Advising on the launch of the Guernsey establishment and successful (NSGF), a venture capital fund focused closed-ended fund Bluefield Solar designation of its US$100 million global on the support of sustainable Income Fund (BSIF), which raised £130 agribusiness investment fund, the Cibus technologies in London. NSGF was million on listing on the premium Fund, as a Guernsey Green Fund – the launched by a partnership between segment of the London Stock Exchange first regulated green fund of its kind in Sustainable Technology Investors Ltd (LSE). BSIF focuses on investing in large- the world. The fund invests in and the Nobel Sustainability Trust. scale agricultural and industrial solar sustainable food processing and assets and now has a market production in Europe and Australasia. Corporate and M&A capitalisation of over £400 million. BSIF became a Guernsey Green Fund in April Earth Capital Partners and the Nobel Guernsey Recycling 2019. Sustainability Trust Advising Guernsey Recycling on its Advising on the launch of the U$300 acquisition of Island Waste, now NextEnergy Solar Fund Limited million Nobel Sustainability Fund LP, a established as the Guernsey Recycling Advising renewable energy-focused Guernsey limited partnership investing Group. Guernsey Recycling is a locally investment company NextEnergy Solar in sustainable and renewable energy owned and managed private company, Fund Limited (NESFL) on the issue and and other clean technologies. The fund whose core business focuses on high- placing on the Main Market of the LSE was launched by Earth Capital Partners tech processing and recycling in the of 115 million and 110.3 million shares as Guernsey Limited in conjunction with the island. part of a placing programme, raising Nobel Sustainability Trust. aggregate proceeds of £241.8 million. Mytrah Energy Limited NESFL now has a market capitalisation Emerald Technology Ventures Advising long-standing client Mytrah of over £600 million. Advising Emerald Technology Ventures, Energy Limited, a large independent a global leader in clean technology power producer in the Indian renewable The Renewables Infrastructure Group venture capital, on the launch of its energy sector, on its £78.9 million Advising on the launch of The fourth venture fund, Emerald Industrial takeover by Raksha Energy Holdings Renewables Infrastructure Group (TRIG), Innovation Fund LP (EIIF). EIIF invests in Limited. a Guernsey closed-ended fund which early and expansion stage companies raised £300 million on listing on the in the energy, water, advanced premium segment of the LSE. TRIG materials and industrial IT sectors. focuses on investments in onshore wind and solar photovoltaic energy generation assets. TRIG has a market capitalisation of £1.2 billion.

About us

Carey Olsen is a leading offshore multinational corporations, public law firm advising on the laws of organisations, sovereign wealth funds, high net worth individuals, family offices, 59 , the British Virgin directors, trustees and private clients. Partners Islands, the Cayman Islands, Guernsey and Jersey from a We work with leading onshore legal network of nine international advisers on international transactions and cases involving our jurisdictions. 250 offices. In the face of opportunities and We provide legal services in relation to Lawyers challenges, our clients know that the all aspects of corporate and finance, advice and guidance they receive from trusts and private wealth, investment us will be based on a complete funds, insolvency, restructuring and understanding of their goals and dispute resolution. 480 objectives combined with consistently People Our clients include global financial high levels of client service, technical institutions, investment funds, private excellence and commercial insight. equity and real estate houses,

3 ⁄ Our environmental, social and governance and Guernsey “Green Funds” practice careyolsen.com Key contacts

For further information or professional advice please contact our lawyers below: FIND US Carey Olsen (Guernsey) LLP PO Box 98 Carey House Les Banques St Peter Port Guernsey GY1 4BZ Channel Islands T +44 (0)1481 727272 E [email protected] Annette Alexander Russell Clark Partner – Corporate Partner – Trusts and Private Wealth D +44 (0)1481 732067 D +44 (0)1481 732049 E [email protected] E [email protected]

David Crosland Konrad Friedlaender Partner – Corporate Partner – Trusts and Private Wealth D +44 (0)1481 741556 D +44 (0)1481 741567 E [email protected] E [email protected]

Natasha Kapp Ben Morgan Partner – Trusts and Private Wealth Partner – Corporate D +44 (0)1481 741541 D +44 (0)1481 741557 E [email protected] E [email protected]

4 ⁄ Our environmental, social and governance and Guernsey “Green Funds” practice careyolsen.com