Insight Investment launches Consumer Debt Recovery Fund II

Insight Investment Management has established a Guernsey registered fund, Insight Consumer Debt Recovery Fund II.

Constituted as a limited partnership, the fund will invest in distressed consumer debt and is listed on the Irish Stock Exchange.

It is aiming to raise €400m in total commitments.

The establishement of the fund has been advised by the law firm Carey Olsen.

Partner Graham Hall (pictured) and associate Alex Mauger acted for Insight on the establishment of the fund entities and advised on a range of aspects in respect of regulation and the fund’s operational documentation.

“The establishment of distressed debt funds is growing as a consequence of the uncertain financial climate. These funds have shown a pattern of providing good returns for investors,” said Hall, who already established a number of distressed debt funds in Guernsey in recent years.

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