Ogier has acted as Jersey legal adviser for Index Ventures in relation to the establishment of Index Ventures Growth IV, which has raised $1 billion to invest in later-stage, growth rounds, and Index Ventures IX, which recently closed at $650 million to put into earlier rounds for smaller start-up companies.
This latest $1.65 billion from Index is a significant increase in fund size on its previous growth and venture fund close (in 2016 it raised $550 million for venture and €650 million for growth), which will enable Index Ventures to take advantage of increasingly sophisticated and international start-ups.
The funds are expected to split their investments between the US and Europe, and have again been backed by pension funds, college endowments, funds of funds and non-profit organisations.
Partner Niamh Lalor (Picture) led the Ogier Jersey team assisted by senior associate Joanna Christensen, counsel Sophie Reguengo and associate Dan Whalen.
Law Firms: Ogier LLP;
Clients: Index Ventures;