Mourant Ozannes has advised HitecVision, a prominent private equity investor for the oil and gas industry, on the launch of its latest fund based in Guernsey. HitecVision acts as the investment adviser to a number of Guernsey structures.
Working alongside Norwegian law firm BA-HR DA, the Mourant Ozannes Guernsey corporate team assisted with the registration of HitecVision VII as a registered closed-ended collective investment scheme. The fund is administered by Gentoo Fund Services.
HitecVision has received commitments of $1.9bn (£1.1bn) for HitecVision VII, exceeding the $1.5bn target. With strong support from existing investors and three new investors, the hard cap was reached in two months following the launch in February 2014.
The Mourant Ozannes team was led by partner Gavin Farrell.