Guernsey launches first Green Fund cell structure
01 July 2025 UK
Image: Artinun/stock.adobe.com
A first-of-its-kind protected cell company has launched under Guernsey's Green Fund framework, with Butterfield Bank (Channel Islands) providing custody services, and Suntera Global handling fund administration for the sustainable finance structure.
Thornbridge Investment Management has established two investment cells — the Core Resilience Cell and Regenerative Growth Cell — on the Fundline platform, working with climate and biodiversity-focused investment adviser Resilience Asset Management. The cells received authorisation from the Guernsey Financial Services Commission as Class B schemes.
Butterfield Bank is providing custody services for the structure, marking the bank's involvement in Guernsey's expanding green finance sector. Jacob Cockcroft, chief commercial officer at Butterfield and member of the Sustainable Finance Guernsey Council, says the bank's Channel Islands custody experience positions it well to support renewed investor interest in Guernsey Class B open-ended funds.
Fund administrator Suntera Global is supporting the launch through its Guernsey operations. Ian Horswell, head of business development at Suntera, says the structure draws on Guernsey's regulatory framework for cross-border fund solutions while leveraging the jurisdiction's green finance capabilities.
The protected cell company structure allows multiple investment strategies to operate under a single umbrella while maintaining asset segregation between cells. For custody providers, this creates opportunities to service diverse sustainable investment mandates through a single regulatory framework.
Carey Olsen served as lead legal adviser on the launch. Partner Matt Brehaut highlights Guernsey's position for sophisticated fund vehicles offering flexibility and credibility for sustainable investment.
Thornbridge Investment Management has established two investment cells — the Core Resilience Cell and Regenerative Growth Cell — on the Fundline platform, working with climate and biodiversity-focused investment adviser Resilience Asset Management. The cells received authorisation from the Guernsey Financial Services Commission as Class B schemes.
Butterfield Bank is providing custody services for the structure, marking the bank's involvement in Guernsey's expanding green finance sector. Jacob Cockcroft, chief commercial officer at Butterfield and member of the Sustainable Finance Guernsey Council, says the bank's Channel Islands custody experience positions it well to support renewed investor interest in Guernsey Class B open-ended funds.
Fund administrator Suntera Global is supporting the launch through its Guernsey operations. Ian Horswell, head of business development at Suntera, says the structure draws on Guernsey's regulatory framework for cross-border fund solutions while leveraging the jurisdiction's green finance capabilities.
The protected cell company structure allows multiple investment strategies to operate under a single umbrella while maintaining asset segregation between cells. For custody providers, this creates opportunities to service diverse sustainable investment mandates through a single regulatory framework.
Carey Olsen served as lead legal adviser on the launch. Partner Matt Brehaut highlights Guernsey's position for sophisticated fund vehicles offering flexibility and credibility for sustainable investment.
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