Offshore law firm Carey Olsen has advised specialist financial services private equity fund AnaCap Financial Partners on the close of its third Guernsey flagship fund, AnaCap Financial Partners III, LP.

The Guernsey Fund will make equity and equity-related investments primarily in European financial services businesses, building on the successful programme achieved by AnaCap Financial Partners II, LP.

Carey Olsen partner Ben Morgan and senior associates Emma Penney and Annette Alexander advised on the Guernsey aspects of the Fund.

Advocate Morgan said: "This third fund-raising is a notable achievement and Carey Olsen's extensive experience with these types of vehicles along with Guernsey's established profile in the market enabled us to be a part of that achievement."

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