Oak Group’s Jersey office acted as administrator for the Quinbrook Low Carbon Power Fund’s final closing which raised US$1.6bn. in primary and co-investment commitments.
The principals of Quinbrook Infrastructure Partners are well known to Oak, having collaborated on establishing and developing a number of successful businesses.
The Quinbrook Low Carbon Power Fund focuses on investments in the 'new build' lower carbon and renewable energy sectors of the United States, the United Kingdom and Australia. The fund took advantage of the regulated 'Jersey Eligible Investor Fund' regime to target institutional investors, including those in the UK, US and Australia.
Oak provided directors and company secretary with demonstrable knowledge in the clean energy sector and experience in administering significant funds.
Rory Quinlan from Quinbrook said:
"The well-established Jersey regulatory environment and the high quality support from our Jersey advisers have enabled us to provide these sophisticated investors with the stringent operational assurances they require."
Oak director Michael Farrow led on the work and hailed the fund an outstanding success story that was helping to mitigate harmful climate change.
Carey Olsen's investment funds team in Jersey advised on the legal aspects of the fund closing.