Ireland, Guernsey and Jersey Provide UK CLO Market with Opportunities

As CLO managers weigh up their retention options, Irish, Jersey and Guernsey domiciled 'originator' style retention vehicles have been gaining popularly with UK CLO managers considering their Brexit strategy where the 'sponsor' route is no longer available. Whilst Irish based CLO managers continue to have the option to proceed via the 'sponsor' route, there are other ways through which Walkers can aid your strategy.

The combination of a Jersey or Guernsey investment fund financing an Irish originator retention vehicle is proving popular for managers establishing risk retention financing platforms. This provides access to Ireland's extensive double tax treaty network for originator vehicles and gives managers scope in terms of capital raising with Jersey and Guernsey being tried and test jurisdictions for IPOs.

Walkers, being the only law firm with offices in Ireland, Jersey and Guernsey, is pleased to be in the unique position to offer Irish, Jersey and Guernsey advice to CLO market participants considering their Brexit strategy.

CAYMAN ISLANDS
James BurchPartnerT +1 345 814 4634James.Burch@walkersglobal.com
Philip PaschalidesPartnerT +1 345 814 4675philip.paschalides@walkersglobal.com
Steven ManningDirectorT +1 345 814 7612steven.manning@walkersglobal.com

GUERNSEY
Sam ShiresPartnerT +44 (0)1481 748 916sam.shires@walkersglobal.com

IRELAND
Garry FergusonManaging PartnerT +353 1 470 6659garry.ferguson@walkersglobal.com
Noeleen RuddyPartnerT +353 1 470 6650noeleen.ruddy@walkersglobal.com
Therese RedmondHead of Listing ServicesT +353 1 470 6645 therese.redmond@walkersglobal.com

JERSEY
Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com