HitecVision, an investor in the international oil and gas industry, has appointed Gentoo Fund Services, an independent private equity fund administrator, to administer its new fund with commitments of $1.5 billion.
The mandate builds on a long-standing relationship between Gentoo and HitecVision, where the administrator also administers HitecVisions three existing Guernsey based funds with a total committed capital base for all of $3 billion. Gentoo has been selected as the Guernsey fund administrator of the new fund with Mourant Ozannes as the Guernsey legal counsel.
HitecVision VI, an oil and gas related fund, reached investor commitments of $1.5 billion, exceeding the original $1.25 billion target.
(JDC)