Alter Domus supports Longship Fund III close at NOK2.1bn

Alter Domus (Guernsey) Limited is delighted to have supported Longship AS, a Norwegian-based private equity investor with a focus on the Norwegian lower-mid market, with the first and final closing of Longship Fund III.

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.

Erik Rian Johannessen, CFO at Longship commented: “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”.

The Alter Domus team comprised Tom Amy (Country Executive), Jordan Smith and Sarah Lacey (Senior Managers) and Raitis Darags (Manager).

Tom Amy from Alter Domus added: “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.”