Contact a Lawyer

Triay assist the launch of 2 new sub funds for Red Ribbon Strategic Fund PCC Limited

28.01.2020 News

Triay’s Gibraltar Financial Services team have successfully assisted Red Ribbon Strategic Fund PCC Limited (an experienced investor fund) with the launch of 2 new sub funds – namely the North Block Capital Fund I (“North Block”) and Seedlife Caban Impact Fund (“Seedlife”). Both North Block and Seedlife have also become the first sub funds to be listed on the Gibraltar Stock Exchange (“GSX”) in 2018.

The listing makes North Block, the first crypto fund (or sub compartment of fund) to be listed on GSX and quite possibly the first crypto fund to be listed in Europe. North Block provides its investors with the opportunity of diversifying their portfolios by virtue of its investment objective and strategy which invests in “Initial Coin Offerings, other Cryptocurrencies and Blockchain technologies.

Meanwhile, Seedlife is a traditional private equity fund that will be “investing in seed, angel, venture and growth capital in companies in Sub-Saharan Africa”.

Suchit Punnose, Managing Director of Red Ribbon Fund Management Limited, said “Both these funds are ground breaking in the asset classes it invests in and the structuring involved a myriad of complexities. The team at Triay walked us through this with considerable ease and provided swift, concise and practical solutions to achieve the launch”

The Triay team was led by senior associates Javi Triay and Jay Gomez.

Disclaimer:
This document has been issued on the 28th Jan 2020 by Triay Lawyers Limited, trading as Triay Lawyers, a Gibraltar private company limited by shares with registered office at 28 Irish Town, Gibraltar, GX11 1AA and with incorporation number 112599. The information in this document is for general information purposes only and does not constitute professional advice, legal or otherwise and does not intend to be comprehensive. Triay Lawyers does not accept responsibility for any loss that may arise from accessing or relying upon the information contained in this document.

Recent Posts

Update in Parliament in respect of the Co-Ownership Housing Estates

By Daniel Herbert

On Monday 16th May 2022, the Honourable Steven Linares MP provided an succinct update in Parliament on the construction of the Co-Ownership Housing Estates.

Director Jay Gomez appointed to form part of a Working Policy Group for the Government

Director Jay Gomez has been appointed to participate on a working policy group by Minister Albert Isola Minister for Digital and Financial Services, the working group has been asked to advise

New AIFMD dual regime for funds puts Gibraltar on a level playing field with non-EU jurisdictions

Her Majesty’s Government of Gibraltar (“HMGoG”) has today published legislation that creates Gibraltar’s dual regime for experienced investor funds (“EIFs”).

Gibraltar Government Proposes Shake Up of Anti-Bullying Legislation

Draft legislation has been proposed by the Gibraltar Government to amend the Employment (Bullying at Work) Act 2014 (the “Act”) in which they seek to address the concerns of the Court followi

Register of Property Occupation Act

The Register of Property Occupation Act (the “Act”) has now come into force in Gibraltar for private residential occupiers. The Act requires individuals in occupation of residential property

Hedgeweek’s Gibraltar in Focus 2022

Triay Lawyers Director Jay Gomez and Associate Javi Triay have been featured in Hedgeweek’s Gibraltar in Focus 2022. Hedgeweek is one of the largest publications providing news to funds and

Categories

Similar Articles

Update in Parliament in respect of the Co-Ownership Housing Estates

By Daniel Herbert

On Monday 16th May 2022, the Honourable Steven Linares MP provided an succinct update in Parliament on the construction of the Co-Ownership Housing Estates.

Director Jay Gomez appointed to form part of a Working Policy Group for the Government

Director Jay Gomez has been appointed to participate on a working policy group by Minister Albert Isola Minister for Digital and Financial Services, the working group has been asked to advise

A LEADING INDEPENDENT GIBRALTAR
LAW FIRM WITH A REPUTATION FOR
LEGAL EXCELLENCE SINCE 1905

Tria & Triay Logo