Following a successful migration of the fund administration role on Longship Fund I and Longship Fund II to Alter Domus in 2022, our Guernsey fund services team has been working closely with Longship and its advisers to deliver this closing.
With commitments raised of NOK2.1bn, Longship achieved the hard cap for their third fund in less than four months, with strong demand from institutional investors, including a 100% re-up rate from existing Longship investors.
In selecting Alter Domus in 2022, Longship were promised both a smooth migration process and an efficient set-up of new funds. Alter Domus have delivered on both.Erik Rian Johannessen, CFO at Longship
The Alter Domus team comprised Tom Amy (Country Executive), Jordan Smith and Sarah Lacey (Senior Managers) and Raitis Darags (Manager).
We are thrilled to have the opportunity to now work with Longship across their three active funds. Using technology effectively, our fund services professionals have a depth of experience in supporting client migrations and delivering consistent, high standards of ongoing administration services.Tom Amy, Country Executive Guernsey at Alter Domus