Offshore firm Ogier has won a mandate to advise on the launch of one of the first funds to focus on investing in companies with a high number of women in senior roles.
The Women’s Leadership Fund, which has been set up by Zurich-based Naissance Capital and is backed by Cherie Booth QC and the former prime ministers of Canada and New Zealand, is set to launch in the coming weeks.
Ogier Grand Cayman-based managing associate Julie Twinn and associate Khatidja McLean advised on the launch.
Twinn has a longstanding relationship with Naissance and was handed the instruction after the investment manager decided that the fund should be domiciled in the offshore jurisdiction.
The purpose of the fund, which is expected to launch this month with seed capital of e1m (£920,000), is to take activist positions in companies that have few or no women in executive or board positions. The vehicle will also back companies that have high female representation in senior positions.