Jersey Private Funds

We know asset managers and the demands that asset managers face. At ICECAP we have structured our Funds offering with this in mind. We are agile and operate in fast moving markets, sharing our clients’ drive to deliver outstanding results.

Overview

In early 2004, the founding shareholders of ICECAP ltd launched one of the world’s first private sector carbon funds, the ICECAP Carbon Portfolio, which raised aggregate commitments of EUR300 million from third party investment to acquire 15m tonnes of carbon credits. ICECAP Carbon Portfolio was a close-ended fund which was fully invested in 19 projects worldwide and matured in mid-2013.

As ICECAP have actually raised third party funding to launch a EUR300m first close, provided full administration services and successfully delivered strong returns to investors, we know what good Fund administration looks like. As such we structure our team of industry leading professionals optimally for each client engagement and utilise the most relevant and up to date systems to further enhance service levels. We are therefore able to carry the burden of administration requirements placed on investment managers, allowing them to focus on managing their funds and generating value for investors.

Services

Fund establishment
Company Secretarial
Ongoing Administration
Accounting and Financial Reporting
Investor Services
FATCA & CRS
  • Liaise with professional advisors
  • Establishment of fund entities
  • Opening of bank accounts
  • Collation of CDD information
  • Issuance of investor notices and co-ordination of fund closings
  • Review and provide comments on constitutional documentation
  • Establishment of client specific procedures
  • Agree service level agreement and key deliverables
  • Provision of experienced directors
  • Drafting transactional minutes in house (capability to deal with significant complexity).
  • Board support and utilisation of the latest board reporting functionality
  • Maintenance of statutory records
  • Transaction management support
  • Control of bank accounts and processing payments
  • Managing ad-hoc requests
  • Maintenance of client specific reports/registers (Asset registers, invoice logs etc).
  • Bookkeeping and weekly cash reconciliations
  • Preparation of standalone and consolidated audited financial statements and management of the audit process
  • Preparation of Interim management accounts/quarterly financial statements
  • Consolidation and group reporting
  • Regulatory reporting
  • Ad-Hoc analytics & financial modelling as required
  • Maintenance of investor records and contact details
  • Provision of highly automated drawdown/distribution notices
  • Provision of Capital Accounts
  • Managing investor queries
  • Legal entity analysis
  • FATCA/CRS due diligence
  • Registrations with relevant tax portals
  • Provision of Responsible Officer

Overview

In early 2004, the founding shareholders of ICECAP ltd launched one of the world’s first private sector carbon funds, the ICECAP Carbon Portfolio, which raised aggregate commitments of EUR300 million from third party investment to acquire 15m tonnes of carbon credits. ICECAP Carbon Portfolio was a close-ended fund which was fully invested in 19 projects worldwide and matured in mid-2013.

As ICECAP have actually raised third party funding to launch a EUR300m first close, provided full administration services and successfully delivered strong returns to investors, we know what good Fund administration looks like. As such we structure our team of industry leading professionals optimally for each client engagement and utilise the most relevant and up to date systems to further enhance service levels. We are therefore able to carry the burden of administration requirements placed on investment managers, allowing them to focus on managing their funds and generating value for investors.

Services

Fund establishment
Company Secretarial
Ongoing Administration
Accounting and Financial Reporting
Investor Services
FATCA & CRS
  • Liaise with professional advisors
  • Establishment of fund entities
  • Opening of bank accounts
  • Collation of CDD information
  • Issuance of investor notices and co-ordination of fund closings
  • Review and provide comments on constitutional documentation
  • Establishment of client specific procedures
  • Agree service level agreement and key deliverables
  • Provision of experienced directors
  • Drafting transactional minutes in house (capability to deal with significant complexity).
  • Board support and utilisation of the latest board reporting functionality
  • Maintenance of statutory records
  • Transaction management support
  • Control of bank accounts and processing payments
  • Managing ad-hoc requests
  • Maintenance of client specific reports/registers (Asset registers, invoice logs etc).
  • Bookkeeping and weekly cash reconciliations
  • Preparation of standalone and consolidated audited financial statements and management of the audit process
  • Preparation of Interim management accounts/quarterly financial statements
  • Consolidation and group reporting
  • Regulatory reporting
  • Ad-Hoc analytics & financial modelling as required
  • Maintenance of investor records and contact details
  • Provision of highly automated drawdown/distribution notices
  • Provision of Capital Accounts
  • Managing investor queries
  • Legal entity analysis
  • FATCA/CRS due diligence
  • Registrations with relevant tax portals
  • Provision of Responsible Officer

In Jersey, in accordance with our existing Trust Company Business License and the Jersey Private Fund Guide, ICECAP are able to provide services to Jersey Private Funds (JPF) with fewer than 15 offers and 15 or fewer professional or eligible investors.