CAREY OLSEN: Carey Olsen Jersey advises RoundShield on its largest fund in history, RS Fund V

Press Release from Carey Olsen, Friday 25 October, 2024.

Carey Olsen’s investment funds team in Jersey has advised RoundShield Partners LLP (“RoundShield”) on the successful closing of its fifth European special opportunities fund (“Fund V”), the largest fund in its 11-year history with investor commitments of over US$1 billion.

Carey Olsen worked alongside lead counsel Sidley Austin LLP in advising RoundShield, a London-based private investment firm with deep expertise in asset-backed private credit.

In a testament to RoundShield’s solid track record and experience, a significant majority (over 80%) of the investors in Fund V are existing clients of RoundShield and its latest fund also attracted ten new investors. Roundshield’s diverse investor base includes public and private pension funds, endowments, foundations, insurance companies, and family offices from around the world.

CAREY OLSEN: Carey Olsen Jersey advises RoundShield on its largest fund in history, RS Fund V

RoundShield is investing Fund V (which falls under Article 8 under the EU’s Sustainable Finance Disclosures Regulation) in private credit opportunities tied to real assets in Western Europe, primarily focusing on sectors like hospitality, student housing, residential property, social infrastructure, renewable energy and other operating-related real estate.

The Carey Olsen team advising on the Jersey aspects of Fund V comprised partners Robert Milner and Nienke Malan and associates Marco Carossa and Suzie Hamilton.

Nienke Malan commented: “Many congratulations to RoundShield and Sidley on the historic US$1 billion fundraise for Fund V. We are delighted to have supported our significant and long-standing client once again and are proud that they are going from strength to strength.”

Carey Olsen is the highest-ranking offshore law firm according to the Chambers UK Legal Guide 2025, and its top-rated Jersey funds team also assisted RoundShield on its predecessor funds, including Fund IV in 2020 (closed at $880 million) and Fund III in 2018 (closed at its €500 million hard cap). 

14 February 2024

FAMILY OFFICES: Family Offices to Allocate More to Alternatives in 2024

KKR, a leading global investment firm, released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). Based on

Read More
5 September 2025

FRANCE: Geopolitical Tax Reforms in Europe: France’s Crackdown on Ultra-Wealthy Reshapes Investment Flows

In 2025, France has emerged as a pivotal battleground in Europe’s evolving tax landscape, with its intensified focus on curbing ultra-wealthy tax evasion triggering significant shifts in asset allocation

Read More
4 October 2024

UK: Small business tax evasion costing HMRC billions as ‘significant gaps’ persist

Small business tax evasion is costing the state billions of pounds of revenue a year as “significant gaps” in the UK’s tax authority’s strategies persist, a new report has revealed. A National

Read More
4 July 2025

US & UK: G7 Agrees to Avoid Higher Taxes for US and UK Companies

The United States and the Group of Seven nations have agreed to support a proposal that would exempt US companies from some components of an existing global agreement, the G7 said in a statement on

Read More