Crestbridge has provided a range of fund and corporate administration services in the establishment of Jersey-regulated fund EJF Investments and its listing on the Specialist Fund Segment of the London Stock Exchange.
A closed-ended investment company, EJF Investments Limited is managed by an affiliate of US-based EJF Capital, the $7.4bn hedge fund which invests across debt, equity and securitisation assets.
The newly established Jersey fund, listed with an initial share capital of almost £70m in April 2017, will invest in opportunities created by regulatory and structural changes impacting the financial services sector, including in asset-backed securities, distressed real estate assets, structured debt and equity, loans, bonds, preference shares, convertible notes and private equity, issued in the US, UK and Europe.
Crestbridge’s team in Jersey, led by Directors Ana Kekovska and Danny Cole, was instrumental in the establishment of the fund its subsequent listing by providing a range of ongoing administration, company secretarial and accounting services to the fund.
Ana Kekovska, Director, Corporate and Capital Markets Services, Crestbridge, commented:
“This listing required not only an understanding of the LSE’s specialist fund market and the sophisticated needs of a US manager, but also the ability to respond to a very aggressive timetable to convert the fund from a private US entity to a Jersey Listed Fund. Our involvement is a further strong reflection of Crestbridge’s cross-border corporate, capital markets and accounting expertise.”
Crestbridge worked on the transaction and fund listing with legal advisers Clifford Chance in London and Carey Olsen in Jersey, as well as accountants KPMG and investment advisers, Liberum.