Guernsey The Preferred Home for Tech Funds – Fund Management/ REITs

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Guernsey’s reputation as a hotbed for technology-focused fund managers was further enhanced with the successful launch and eventual close of Telstra Ventures Fund III.

Fund has raised $350m in commitments and aims to expand venture capital firm Telstra Ventures’ diverse portfolio of technology-focused companies, giving entrepreneurs access to revenue growth and global reach accelerated.

Carey Olsen and Langham Hall advised Telstra Ventures on the launch. David Crosland, partner of Carey Olsen, who led the team in advising on the legal and regulatory aspects of Guernsey for the fund’s creation, said the launch was further proof that Guernsey was a preferred fund domicile for managers technology driven.

“Telstra Ventures has an innovative approach to investing with data science at the heart of its investment criteria and we are delighted that such a high caliber promoter with international reach continues to be attracted to Guernsey,” said he added.

Telstra Ventures was established in 2011 as the venture capital arm of Telstra, the Australian telecommunications giant. Following its split from Telstra in 2018, Telstra Ventures continues to be backed by Telstra as well as other institutional investors, and has offices in Silicon Valley and Australia.

Langham Hall has worked with Telstra Ventures since its split in 2018 and provides fund administration services.

Langham Hall, Head of Guernsey and Private Equity, Jon Young, said: “It is fantastic to partner with such an impressive developer, with over 80 investments to date in a range of technology businesses focused on emerging global trends and data. »

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