Seventy Ninth Private Equity Fund
The Seventy Ninth Private Equity Fund (PEF) is authorised and regulated by the Gibraltar Financial Services Commission (GFSC). The fund specialises in the purchase and redevelopment of undervalued assets in the UK property market during times of economic uncertainty.
- High-yielding assets
- Asset protection
- Portfolio diversification
- Personal introductions to our trusted partners and advisors
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What is an
An EIF is exclusive to, and the most popular fund vehicle in, Gibraltar. The role of the EIF in the Gibraltar fund suite is to provide investors and fund managers with a wide range of investments, from traditional asset classes to alternatives, and a greater degree of access to investors and capital.
What is an experienced investor fund?
An EIF is exclusive to, and the most popular fund vehicle in, Gibraltar. The role of the EIF in the Gibraltar fund suite is to provide investors and fund managers with a wide range of investments, from traditional asset classes to alternatives, and a greater degree of access to investors and capital.
Key Benefits of a Private Investor Fund
Annual audits of statements
Streamlines separate marketing and administration costs
Minimises set-up and operational costs
New investment strategies can be implemented easily and quickly by the Board to maximise investor opportunities when they arise
Additional cells can be created with minimum formality
Versatile and flexible: shares switched cells are a simple, cost-effective transaction
Investors have access to a balanced and flexible investment strategy through a single legal entity
Each cell can be used for specific investment objectives and/or strategies
Specific clients can be allocated to specific cells
Additional Services
Private Banking – Our fund has established a relationship with a privately-owned, Gibraltar-based Bank and wealth management company who provide first-class financial services to private clients and wealthy families, thanks to which we are able to introduce clients of our Private Equity Fund to the bank, should they wish to utilise private banking services alongside their investment into our Fund. The Bank is authorised and regulated by The Gibraltar Financial Services Commission (GFSC).
Tax Planning – We have partnered with a cross-border taxation specialist who provides a wide range of cross-border tax advice for clients who wish to mitigate their tax liabilities when making investments outside their country of tax residence. The Seventy Ninth Group has worked alongside the specialist for a number of years, and their experience in tax compliance is industry-leading. As the majority of their team derives from the UK’s HMRC investigations division, they are positioned at the cutting edge of cross-border tax planning and compliance.
With the rising cost of living, growing consumer debt and geopolitical tensions, the Fund will take an aggressive approach to the acquisition of undervalued assets from private and institutional vendors who are financially exposed.
Appointed Trustees
Abacus Fund Administration Limited have been appointed by the Fund to act as the Administrator. Abacus Fund Administration Limited was incorporated on 27th March 2009 with it’s registered and operating office at 5-9 Main Street, Gibraltar and the company registration number being 102242. The Administrator was established in Gibraltar for the purpose of providing administration services exclusively to collective investment schemes. The Administrator is licensed by the Financial Services Commission of Gibraltar to provide such administration services.
Abacus Fund Administration carry out the following services on behalf of the fund;
1. Communicating with Participating Shareholders
2. Maintaining the Fund’s share register
3. Processing subscriptions and redemptions
4. Maintaining the Fund’s financial and accounting records
5. Preparing the fund’s annual statutory accounts (abridged balance sheet) and assist in the financial statement preparation process
6. Dealing with the Auditor for the preparation of the audited financial statements
7. Arranging for the provision of accounting, clerical and administrative services
Auditor
Deloitte, is a multinational professional services network with offices in over 150 countries and territories around the world. Deloitte is one of the Big Four accounting organizations and the largest professional services network in the world by revenue and number of professionals, with headquarters in London, England. The Seventy Ninth Group Fund has appointed Deloitte Limited as the Auditor to the Fund, and they have accepted this appointment.
Banking
Turicum Private Bank is a privately-owned Gibraltar based Bank and wealth management company who provide first-class financial services to private clients and wealthy families. The Bank was founded in 1993 in Gibraltar by a group of Swiss private bankers, lawyers, asset and fund managers from Zurich, and Geneva. The bank is renowned for its integrity and professionalism, and is a safe and stable financial institution who provide fully-integrated private banking services to The 79th Group Fund. Turicum is a member of the Gibraltar Investor Compensation Scheme and the Gibraltar Deposit Guarantee Scheme, the bank and its capital are supervised by the Gibraltar Financial Services Commission (GFSC) and comply with all local and European regulatory and statutory requirements.
Legal
Triay Lawyers is a Gibraltar-based law firm established in 1905, the firm is recognised as a leading business law firm in Gibraltar and a number of the firm’s practitioners are recognised as leaders in their chosen fields by independent sources such as Chambers and Legal 500. Lawyers at the firm practice as part of the fused profession in Gibraltar and the vast majority of our practitioners are English qualified in the first instance. The Seventy Ninth Group Fund has appointed Triay Lawyers as legal advisor to the Fund in respect of Gibraltar laws, in particular EIF (Experienced Investor Fund) regulation.
Legal (UK)
Established since 1827, Weightmans LLP are a top 45 UK law firm supported by a team of over 1300 staff. Their commitment to excellence has lead to widespread, international industry recognition and several achievements, awards and accreditations. The Seventy Ninth Group appoints Weightmans on a regular basis, who acts for the group in a legal capacity for the acquisition and disposal of property assets.
Private Equity Fund Directors
Meet The Team
Get in touch
Our current network of introducers can access Private Equity Fund materials in the Seventy Ninth portal. If you’re interested in becoming an introducer or if you’re interested in learning more about our Private Equity Fund offering, please provide your information and we’ll be in touch
