Thompson Taraz is delighted to announce that it has been appointed to provide depositary services to the recently launched Octopus Zenith Opportunities Fund II LP (“Octopus Opportunities fund”). Aimed at providing growth capital to successful fast-growing later-stage companies across Europe, the US$140m Octopus Opportunities fund has been launched by Octopus Ventures, part of the Octopus group. The Octopus Opportunities fund is dedicated to follow on investments into existing companies within the Octopus portfolio, as well as having the opportunity to back later-stage high growth businesses new to Octopus. The institutional-only fund is now closed to new money.
Thompson Taraz has joined the Association of Real Estate Funds (“AREF”) as an affiliate member. Affiliate membership is open to leading property industry advisers and firms who offer support to real estate funds and their managers.
Thompson Taraz has great pleasure in announcing that the FCA has approved its application to act as an AIFMD depositary of closed ended, unauthorised private equity and real estate funds. This allows Thompson Taraz to offer its fund manager clients the certainty of appointing an authorised PE AIF Depositary ahead of the end of the transitional year on 22 July, 2014.
Thompson Taraz employees were off on their adventures last week. A city-centre treasure hunt kicked off proceedings, followed by a session in the Dragon's Den and a demanding trip through the Crystal Maze. These team building events were part of a two-day 'away day' session in Cambridge organised by the firm's Management Team.
With less than four months to go before the introduction of the Alternative Investment Fund Managers' Directive (AIFMD), Thompson Taraz (TT) can confirm that it had written to the outgoing Financial Services Authority (FSA) outlining its intention to create an AIFMD compliant solution for smaller funds and their managers. AIFMD is coming into force on July 22nd and will bring major disruption and changes to the way that the funds industry works.