MSS Capital, the alternative asset management group has selected Close as fund administrator to a new range of sustainable forestry funds. Oxigen Investments Plc, the socially responsible and sustainable forestry specialists (and Virgin F1 racing sponsors) are acting as the investment adviser to the new funds.
The new closed-ended funds will be administered by Close Fund Services within a Guernsey regulated Incorporated Cell Company (ICC) structure, under the legal advice of Carey Olsen, Guernsey.
The funds will offer qualifying investors access to various forestry and agroforestry global investment opportunities all designed to target high returns over different life cycles. Initially, the ICC will comprise of three standalone incorporated cells namely: The Sustainable Teak & Agarwood Fund; The Sustainable Red Fund and The Sustainable Agroforestry Fund. The names of these funds may change shortly however to reflect the advisory partnerships in place.
We carefully selected whom to partner with, and based on Close having considerable experience, expertise and entrepreneurial spirit, we have selected to work with them on what we see as a very exciting opportunity for us and investors alike, says Simon Hookway, director of MSS.
This mandate win is the latest in a long line for Close and the second within a matter of weeks. Last month, M&G Investments selected Close to service its M&G Real Estate Debt Fund.
D.C.