HIGHVERN Group Brochure

P R I VA T E W E A L T H

C O R P O R AT E

FUNDS

“The combination of first class knowledge and a reasoned practical approach is what makes HIGHVERN stand out.”

LONDON B ASED LAW F IRM

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F O R F U L L D E TA I L S O F H I G H V E R N ’ S R E G U L ATO R S P L E A S E V I S I T W W W. H I G H V E R N . C O M

CONTENTS

AB OU T HI GHVER N

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L OC AT I ONS

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WHY HI GHVER N?

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OU R SOL U T I ONS: FU NDS

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CLEALTH I ENT P RI VATE W

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FAMI LY OFFI CE

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CORP ORATE

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Investing in

N E W TE CH N O LOGY & I N N OVAT I O N For the benefit of clients & employees alike

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ABOUT HIGHVERN We are an award-winning fiduciary and fund services provider; a fully independent, owner-managed business with a 50 year heritage, renowned for our integrity, discretion and responsibility.

By working towards a shared vision of delivering value without adding to complexity, we have obtained a first class reputation for providing wealth structuring, administration, governance and advisory services to an international client base comprising high net worth individuals or families, family offices, fund managers and corporates.

OUR HERITAGE Incorporated in 1969, HIGHVERN was one of the earliest firms to begin building the Jersey financial services industry into what it is today.

Today, HIGHVERN can be found across the globe as it continues to set high standards in its service delivery, expanding its capabilities and evolving with the changing times and its clients individual needs.

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LOCAT I O N S

OU R H E RI TAGE Headquartered in Jersey, HIGHVERN can now be found in five jurisdictions across the globe, in many of the world’s leading international finance centres.

Our global footprint extends the HIGHVERN propositions and servicing capabilities, establishing us as one of the leading independent providers of private wealth, corporate and fund administration services.

HIGHVERN has offices in the Cayman Islands, Guernsey, Ireland, Jersey, and the UK. 7

Long term

D I RE CTO R- LE D RE L AT I O N SH I PS with our clients and their advisors

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WHY HIGHVERN? At HIGHVERN we adopt the same philosophy with our clients’ assets as though they were our own. Our primary focus is to provide the highest quality client experience through a senior, dedicated team that understands each client’s individual goals, and partners with them for the long term.

C O MMIT T ED TO L ONG TE RM C LIENT R ELATI ON SHI PS

OU R OW N EXP ER T T EA M OF P ROF ESSI ON A LS

We get to know the clients we serve so that we can be

Our team of lawyers, accountants, trustees, directors,

sure the structures and service provided continue to

company administrators, investment managers, and

evolve and meet changing needs or circumstances.

former regulators provide expertise and peace of mind.

B ES T IN C LA SS PROFE SSI ON A L PAR T NERS HI PS

LEA DI N G I N T ERN AT I ON A L F I N A N C E C EN T RES

We also partner with carefully selected and leading

HIGHVERN has a presence in many of the world’s leading

legal, tax, accounting, real estate and other specialist

business communities, known for their expertise, political

advisors, as well as banks, wealth and fund managers.

and economic stability and regulatory regimes.

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Comprehensive,

RO BU ST STRUCTU RE S that meet and adjust with our clients’ needs over time

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FUNDS A distinct and comprehensive service delivered by our teams of senior fund professionals and backed by industry-leading technology.

We are a value-add strategic partner for asset operators, spin-outs, emerging asset managers and established fund managers. Our highly specialised range of services provides our clients with enhanced control, helps to reduce costs and in-house shadowing operations, and to increase focus on their core business.

“Thank you for your continued partnership, which is as night and day to previous engagements I’ve had.”

PAR TNER & C O F OU NDER, PE GROWTH MANAGE R

As a truly independent business, we focus on exceptional service delivery, create trust-based relationships, embrace innovation and value people and clients. Combining our expertise and innovation with market-leading technology, our director-led teams of fund specialists deliver a superior quality service. With real time access to our systems, we provide clients with enhanced levels of transparency and control. All of this ensures we become a valuable back office extension and an asset to our clients’ businesses.

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F UNDS EXPER TISE Our team of former senior investment managers, regulators, lawyers, qualified accountants and chartered company secretaries have worked on some of the largest and most complicated funds in the world.

P R IVAT E EQUI TY

VENTURE C A P I TA L

REA L ESTAT E

Having worked on some of the most complex fund structures and from different viewpoints, our senior professional teams have deep experience and technical knowledge of the private equity sector across buyout, growth, fund of funds and secondaries.

Our clear focus on innovation and technology, combined with our fund specialists’ significant experience of working with emerging managers and the largest venture capital funds, makes us an excellent partner for both early and late stage VC funds.

Our specialists have comprehensive technical and practical expertise in financing and acquisition structures across all types of real assets having worked with large institutional managers, pension funds, sovereign wealth, PE and debt managers, and asset operators.

DEBT

A LTER N AT I V E A SSET S

LI T I G AT I ON F U N DI N G

Our specialists have extensive practical and technical expertise in private debt structures including senior, unitranche, mezzanine and subordinated debt, special situations, distressed, preferred and coinvestment equity, securitisation and structured products.

Our teams of senior fund professionals have extensive experience working on a wide range of alternative asset strategies including fund of funds, renewable energy, impact funds, aircraft leasing, sustainable infrastructure and hedge.

With our practical experience of administering litigation funding structures, our teams know how demanding the operating environment is and are used to high transaction volumes, frequent accounting/reporting requirements, and sound corporate governance practice.

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F UNDS SERVICES A distinct and comprehensive service delivered by our teams of senior fund professionals and backed by industry-leading technology.

F UND ADMINI STRATI ON

CL I ENT P OR TA L A C C ESS

C A SH M A N A G EM EN T

A highly specialised service

HIGHVERN provides unfettered views

A range of cash management

delivered by senior fund

into our operations through an award-

services that combine control and

professionals and backed by market

winning technological approach.

experience to give asset managers

leading technology, enabling

confidence that their finances are

private capital fund managers to

properly taken care of.

focus on their core business.

T RANS F ER AGENCY & I NVES T O R S ERVI CES

FUND A C C OU N T I N G & RE PO R T I N G

REG U LAT ORY REP OR T I N G SERV I C E S

Our clients’ investors are as important

A uniquely tailored solution that

By outsourcing regulatory reporting

to them, as our clients are to us. As a

matches our clients’ business needs,

obligations to us, we help our clients

fully independent, owner managed

removing the operational burden and

free up in-house resources and save

business, our core focus is exceptional

simplifying the complex.

costs associated with additional

service delivery to our clients and

resourcing and technology

their investors.

requirements.

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C O MPLIANCE / ML RO / M LC O

DI RECT OR SERV I C ES

F U N D LA U N C H , ESTA BLI SH M EN T & T RA N SI T I ON

A comprehensive and proactive

We support our clients in promoting

Our experience and global network

compliance service, supporting

the best working practices, meeting

can help you launch or transition

clients in meeting their regulatory

their regulatory obligations in a timely

your fund effectively and seamlessly,

objections.

manner.

guiding you through the regulatory and administrative process.

R EGIS T ER ED OFFI CE & D OMIC ILIATI ON

COMPA N Y SEC RETA RI A L SE RVIC ES

OF F SH ORE/A I F M & M A N C O. SERV I C ES

Our range of domiciliation services

A full suite of expert-led, company

A dedicated offshore ManCo or non-

demonstrate the management,

secretarial services, supported by

EU AIFM can deliver cost efficiencies,

control and true economic activity

market-leading technology and

flexibility, and speed of establishment

exists in a particular jurisdiction.

ensuring compliance with all annual

providing increased regulation and

Access to good governance, unique

regulatory and filing obligations.

control.

corporate design and specialist expertise will ensure your entity remains in good standing.

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SAFE GUARD I NG Our clients’ assets, best interests and reputation as if they were our own

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PRIVATE W CLIENT PRIVATE E A LT H Tailored trust and fiduciary services accommodating all asset classes, designed and delivered for wealth preservation, privacy, planning and succession purposes.

At HIGHVERN, we tailor not only the solutions but also the manner in which they are delivered to meet the particular needs and objectives of our clients.

With wealth comes responsibility. A well designed and administered structure to help meet a private client’s objectives, be they asset preservation, appropriate planning or succession, is an integral element of successful wealth management. At all stages of the wealth cycle we work closely with our clients and their advisors ensuring that their life’s work and legacy are protected, safeguarding the

“When managing properties on behalf of structures administered

by HIGHVERN, we always know we have a trustee who understands the asset class, sets high standards for all parties involved and is able to meet these same standards.”

PAR TNER, GLOB AL REAL ESTATE F IRM

lifestyles of generations to come.

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PRI VATE W EALTHEXPER EXP E RTISE T I SE P RIVATE CLIENT We have been working with private clients for fifty years providing the solutions, expertise and high quality service to help achieve their wealth goals.

I NTEGR ITY

A C C OU N TA BI LI T Y

A fiduciary must act professionally and with the utmost integrity at all times. They must apply themselves in fulfilment of the objectives of the structure, complying at all times with the terms of the constitutional documents and the law.

Trustees and directors are legally accountable to those they serve and can face personal liability if they fall short of the very high standards imposed upon them. HIGHVERN operates in jurisdictions where trustee services are ordinarily regulated to a high standard and trustees are required to operate in a transparent and cooperative way.

I NDEPEND ENCE

C OM P LEXI T Y

A trustee must act free from conflict or influence. Its ability to do this, offer continuity of service and control its own risk appetite will depend upon its ownership structure. Clients should understand the differences between institutional, private equity and independent trustees.

It is essential that those overseeing the structure are prepared and able to manage complex issues including cross-border challenges and to hold a wide range of asset classes. A high quality trust business will ensure its team includes a wide variety of legal, accounting and administration professionals.

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WE ALTH STRUCT URING We are a specialist independent provider of trustee, director and other fiduciary services designed to achieve the long term goals of our clients.

P R IVAT E T RUST CO MPANIES

PRI VAT E C A P I TA L FUN DS

P ROT EC T OR & EN F ORC ER SERV I C ES

Private Trust Companies (PTCs)

Private Funds are increasingly being

Enabling appropriate checks and

offer ultra-high-net worth clients a

used by sophisticated investors,

balances as a vital component in

highly effective family governance

including UNHWs and family offices, to

carefully created trust structures.

framework featuring their own

structure their investments, particularly

corporate trustee

when different branches of a family invest together or investments made with other families.

FA M ILY AS S ETS

BUSI NESS SU C C ESSI ON

We have a unique approach to

Efficient wealth structures help ensure

managing and protecting family

effective succession planning and

assets, ensuring smooth succession

continuity of ownership as required in

and wealth preservation, whilst

relation to family business interests.

allowing clients to maintain control.

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DEPTH OF E XPE RT I SE Combined with an absolute commitment to meeting our clients’ expectations 22

FAMILY OFFICE HIGHVERN excels in providing platform solutions for family office services. Having provided wealth planning and governance for over 50 years, the role of family office provider is a natural extension of the essential client/trust adviser relationship.

As Family Offices have grown in popularity, profile and size,

Using HIGHVERN to deliver some or all of your family office

they have emerged as an entirely new class of investor

needs will deliver operational and cost efficiencies. We

filling the gap between private clients and institutional

act with the utmost level of confidentiality and operate a

investors. HIGHVERN works with families to enhance single

thoughtfully designed solution to order and organisation

and multi-family offices as well as providing outsourced

family financial and administrative affairs. The objectives

family office solutions, all bespoke and tailored, ensuring

of the family remain core to our service design, as we work

families receive a service they truly value.

with families and trusted advisers to understand the family vision and purpose of the wealth. Our services evolve with the changing needs of the family, planning smooth successions, providing financial protection, and taking into account jurisdictions in which the family reside now and in the future.

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FAMILY OFFICE EXPER TISE We have extensive experience in supporting international families with their business interests, next generation and philanthropic planning.

U LTR A HIG H N ET WOR TH

INTERNATIONAL FAMILIES

FA M I LY BU SI N ESSES

Wealth planning for UHNW clients requires a detailed understanding of the many complex legal, tax and reporting issues involved, alongside the long term goals for their wealth.

Many wealthy families are becoming ever more international as wealth transitions to the next generation.

This brings a need to plan carefully, ensuring cross-border compliance.

Ensuring that ownership of a family business is carefully structured and maintained in order to preserve value is of critical importance in any wealth succession plan.

N EX T GENERATI ON

SI NGL E/M U LT I FA M I LY OFFI C ES

P RI VAT E C A P I TA L

Wealth comes with many responsibilities and in today’s networked world nobody understands that better than the next generation to whom that wealth is being transferred.

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At some point, especially when needing access to specific expertise, all single and multi family offices need to consider working with trusted partners in support of their own offering.

Private Capital is becoming an increasingly important source of funding for many venture capital projects but choosing the right partners and undertaking the right due-diligence is key.

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FAMILY OFFICE SERVICES Our family office services are built around client needs and designed to complement existing family office capabilities.

L I S TED & PRI VATE LY H ELD AS S ET S

L UXURY A SSET S

FA M I LY A SSET S

Families are able to hold a diverse

Whilst acquiring a luxury asset

We work closely with each unique

range of private investments, whilst

or passion investment can fulfil

family by providing services to

still benefiting from a bespoke service

a lifetime’s ambition, careful

complement their individuals

across a range of asset classes.

consideration must be given to

assets, ensuring smooth succession

structuring its ownership.

and wealth preservation, whilst allowing clients to maintain control.

P HILANTHR OPI C I NTERES T S

GL OB A L F I N A N C I A L REPOR T I N G

FA M I LY DOC U M EN T RET EN T I ON

Private wealth structures, including

A dedicated resource at your

HIGHVERN offer core document

trusts, companies and foundations,

fingertips, allowing you to view the

storage on behalf of families,

are regularly used to give effect

complete picture of wealth across

centralising and securing your most

to long term charitable and

multiple structures and jurisdictions.

valuable information.

philanthropic objectives.

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High quality levels of

SE RVI CE & SAT I SFACT I O N that give our clients peace of mind

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CORPORATE Specialist company incorporation, administration and governance services lending substance and confidence to corporate growth plans, whatever the sector.

With clients ranging from small-medium size businesses, quoted multi-nationals to HNW family businesses, entrepreneurs and family offices, HIGHVERN provides a wide range of expert-led corporate services.

From the pre-transaction or incorporation stage, through establishment, ongoing administration and reporting, to mergers/acquisition and re-organisation, HIGHVERN

“Many thanks for your stellar performance, you have become the backbone of our operation and we thoroughly appreciate your can-do attitude.”

C ORPORATE HOLDING C OMPANY

provides the support and guidance enabling its corporate clients to focus on their core business. We currently work with clients operating in a wide variety of sectors including retail, media, construction, transportation, energy, funds, financial services, infrastructure, and more.

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C ORPORATE EXPER TISE Our team provides expertise and the vehicles to help ensure our clients’ goals are achieved on time, cost effectively and efficiently, as well as in compliance with changing rules and regulations.

CO R PO R AT ES

REAL ESTAT E

FA M I LY BU SI N ESSES

Experience across a broad range of business sectors and jurisdictions supporting small-medium size businesses, national and multi-national corporations.

Vehicles supporting residential and commercial property investments globally, from transaction to holding, management and eventual disposal.

Helping entrepreneurs and single or multi family offices structure business activities in line with broader and longer term goals for family wealth.

CAPITAL MAR KETS

PE RFORM A N C E & REWA RD

H OLDI N G V EH I C LES & J/V s

Expertise in structuring, administering and reporting for investment vehicles accurately and cost effectively across all forms of capital and debt instruments.

Establishment and administration of employee incentive/saving schemes, notably at executive level, in support of ongoing business and/or transaction related performance.

Beneficial in structured finance, merger and acquisition activity or simply asset holding, we are able to provide the right structure for a variety of corporate needs.

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C ORPORATE SERVICES HIGHVERN’s capabilities cover the pre-transaction or incorporation stage, through establishment, ongoing administration and reporting, to mergers/ acquisition and re-organisation.

I NC OR PO R ATI ON SERV IC ES

COMPA N Y ADMIN I ST RAT I ON

C OM P LI A N C E SERV I C ES

Rapid incorporation of company

Experienced professionals delivering

Compliance experts safeguarding

vehicles in a range of suitable offshore

on time, accurate support across the

clients’ offshore structures ensuring

jurisdictions as required.

range of corporate needs.

they meet regulatory obligations.

CO R PO R AT E GO VERNANCE

CORP ORAT E SE CRETA RI A L

DI REC T OR SERV I C ES

Helping bring best practice to

A full suite of expert-led, cost

Providing strong governance and

corporate decision making,

effective company secretarial

local substance to corporates, multi-

accountability, integrity and

services, supported by market-

nationals and fund managers.

risk management.

leading technology.

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E MPLO YEE BE N EFI T T RU S TS

ECONOM I C SUBSTA N C E

ESC ROW SERV I C ES

Establishment and administration of

A range of solutions that demonstrate

A trusted, secure and neutral third

staff incentive and end of service

the extent of true economic activity

party that provides complete solutions

schemes for company employees

being undertaken offshore.

to corporate escrow arrangements.

F INANC IAL AC C OU NT IN G

RE STR U C T U RES / M&A

SP V s

Book-keeping and accounting to

Effective, pragmatic, detail-driven

Provision and maintenance of SPVs

ensure accurate record keeping,

professionals supporting corporate

to underpin a variety of corporate /

enhance decision making and

restructuring, purchases or disposals.

transactional purposes.

and executives.

filing compliance.

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Delivering all this with a real commitment to providing

VALU E F O R MO N E Y

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SUSTAIN A BILITY At HIGHVERN we are committed to enhancing our contribution to sustainable development and to do so in the context of the goals set out by the United Nations.

These goals encompass social well-being, consumption of the planet’s resources and minimising the impact of climate change, amongst many others.

We recognise therefore that it is a multi-dimensional ambition, one that touches us all as individuals and as corporates. It is also therefore one which requires consideration and adjustment both now and over the long-term. As such we aim to apply the principles increasingly to the manner in which we do business but also to engage with our suppliers, advisors and our clients in order to work jointly towards achievement of the goals.

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C AYMA N +1 (345) 945 3466

DonAND Street, St Helier, JE2 4TR GUER NS EYWhiteley Chambers,IREL

JERSEY

t. +44 (0)1534 480 600 +44 (0)1481 720Whiteley 039 +353 (1) 513 7430 Chambers, Don Street, St Helier, JE2 +44 4TR (0)1534 480 600 t. +44 (0)1534 480 600

HIGHVERN.COM HIGHVERN.COM

U NITED KING D O M +44 (0)204 5817818