The Financial Services Opportunities Investment Fund (FSOIF), which is administered by Praxis Fund Services, has a mandate to invest in offshore businesses, with a focus on financial services.
The FSOIF’s sister fund, the Bailiwick Investments Fund, currently provides investment to other Channel Islands’ businesses including Sandpiper CI and Jacksons Group.
Enhance Group chief executive, James Painter, said the team at Enhance had already achieved exceptional organic growth over the past 12 years, and now had full service offices in five different jurisdictions.
“However, we now want to take this to the next level and felt that the time was right to work with a strategic partner. We are delighted to have the opportunity to have secured investment from the FSOIF.
“This partnership is well suited to our goals of continued growth through delivering client focused treasury and investment solutions and will bring an exciting new dimension to our business in 2017,” Painter said.
Ravenscroft provides traditional execution only and advisory stockbroking, segregated and pooled investment management, market making and corporate finance services to private and institutional clients in the Channel Islands and beyond.
