The Guernsey-incorporated Alternative Liquidity Fund will invest in a diversified portfolio of illiquid interests in funds and other instruments and securities.
It has a single class of ordinary shares in issue listed on the premium segment of the Official List and traded on the London Stock Exchange’s Main Market.
Morgan Creek Capital Management is the investment manager of the company and advises the company on the day-to-day management of its investment portfolio.
Based in North Carolina; with additional investment management offices in New York, Europe, and Asia, Morgan Creek has approximately $3.6bn (£2.3bn, €3.3bn) in total assets under management.
Alternative Liquidity Fund has acquired an initial portfolio of assets for an aggregate consideration of $144m.
“I am delighted that we have attracted another high quality advisor from the United States to utilise our services and to choose Guernsey as a domicile for their new fund,” said Chris Gambrell, director of Praxis Fund Services.
Tim Gardner, managing director of Morgan Creek Capital Management Europe, added: “We have been exceedingly impressed with Guernsey as a jurisdiction and the services offered to our latest fund. We look forward to a successful performance of Alternative Liquidity Fund Limited.”
