Locate Guernsey has helped tech fund manager, Nick
Magliocchetti, become the latest businessman to move to the
As well as moving his home to the island after spells living and
working in London, Paris, Milan, New York, Moscow and the
Balearics, Mr Magliocchetti has also selected Guernsey as the base
for his new fund and other enterprises.
"The welcome and clear opportunities to add value here on a
personal and corporate level was a big decider for me to consider
Guernsey as a suitable location for me and the new structure,"
said Mr Magliocchetti.
"The regulatory environment and the excellent professional
services community were very big positives. We firmly believe there
are technologies out there that can significantly move the dial on
a global scale. We want to bring these technologies to Guernsey,
not only as investment opportunities but also as tech to add value
to Guernsey, its companies and the also hopefully the
Mr Magliocchetti founded London-based tech fund Whitespace in
2013 along with three other partners. In February 2016, Nick and
his fellow Whitespace founder David Raskino founded their new
fund Eternity Capital as a spin-out from the original.
Eternity Capital is a Guernsey-based structure which focuses on
investing in 'world class' teams and companies.
Alongside Eternity Capital, Mr Magliocchetti will be launching a
small advisory arm called Eternity Special Projects (ESP). This
will include the launch of new Guernsey based tech companies, as
well as a small advisory business facilitating Guernsey-based
companies and the government to capitalise on global tech processes
and trends to further the island and encourage world class
entrepreneurial teams and companies to come to Guernsey over the
coming five years. The Eternity team will be working with a
pipeline of investee companies, many of which are
globally-significant Silicon Valley ventures. ESP will boast a
local board of advisers headed up by Guernsey-based Darren
Richard Le Tocq, Head of Locate Guernsey, said: "This is a
significant and welcome development for the island. Nick is
exceptionally well connected in sectors that are exciting, growing
and lucrative. We at Locate Guernsey were able to open doors within
Government for the relocation and provide assistance with that
process. Other parts of the States of Guernsey, such as Housing
Control and the Guernsey Digital Greenhouse have been very helpful
and I'm pleased that's led us to this very positive
personal relocation and corporate launch."
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