Elian supports iCON III’s €800m infrastructure fundMay 6, 2015
Elian Fund Services (Guernsey) Limited has successfully supported iCON Infrastructure Partners LLP on achieving a first and final closing of its third fund, iCON Infrastructure III (iCON III), a Guernsey registered closed-ended investment scheme with approximately €800m in commitments. This follows the strong investment performance of iCON’s first fund and the successful investment of their second fund.
Consistent with the strategy employed for iCON I and iCON II, the new fund has been established to focus on mid-sized, core infrastructure investment opportunities, located predominantly in Europe with a secondary focus on North America.
Elian Fund Services (Guernsey) Limited has a long-standing relationship with iCON Infrastructure Partners LLP. In addition to supporting the establishment and licensing process, Elian has been appointed to provide administration, accounting and investor reporting services to iCON III, its Guernsey managing general partner and connected entities. iCON III will also leverage Elian’s specialist complimentary capabilities including the appointment of Elian Fund Services (UK) Limited as depository, and the provision of corporate administration services in Guernsey, London and Luxembourg.
Elian’s Fund Services team has extensive experience in Private Equity, Real Estate, Infrastructure, Debt and other alternative asset classes. Working with a wide variety of fund managers, from start-ups to institutional managers, Elian applies its best-of-breed systems approach incorporating Microsoft Dynamics for secretarial and compliance services, and SunGard Investran for CRM and the provision of financial reporting services.
Tom Amy, Managing Director of Elian in Guernsey, said: ‘I am absolutely delighted with iCON’s successful first and final closing of its third fund. Elian firmly believes in developing long term partnerships with our clients, underpinned by the highest standards of client service. Our appointment by iCON across a variety of jurisdictions and services demonstrates that we are delivering on our commitment. We continue to invest in the Guernsey business, reflecting our commitment to achieve continued growth and to further position Elian as the fiduciary and fund services business of choice.’