IQ-EQ supports Guernsey’s Ormer Capital on successful launch and first close of inaugural fund

Our Guernsey team is proud to be supporting first-time fund manager Ormer Capital, providing full fund services for the launch and ongoing administration of Ormer’s first open-ended Guernsey fund.

Investment management business Ormer Capital was founded in 2025 by Guernsey-based investors Luke Gallienne, Adam Cox and Andrew Willis. Harnessing nearly 20 years of investment experience across geographies, sectors and market cycles, Ormer is focused on equity investing into a concentrated portfolio of exceptional smaller businesses across developed markets.

The fund, Ormer Capital Funds PCC Limited, was launched using the recently revised Guernsey Private Investment Fund (PIF) regime. It is structured as an open-ended Qualifying PIF using the Guernsey protected cell fund structure, with Ormer Equity Partners as its first cell.

IQ-EQ provided full fund administration support throughout the establishment and initial closing of Ormer Equity Partners. The engagement was led by Elaine Smeja, Director, Funds, with support from Aimee Gontier, Senior Manager, and Jason Baker, Assistant Manager, whose expertise and commitment helped deliver a smooth and successful launch process.

The fund’s legal advisers were Collas Crill, who provided legal counsel throughout the structuring, launch and closing of the fund.

Jacques Vermeulen, Business Development Director at IQ-EQ, commented:

“We’re delighted to have supported Ormer Capital on the launch and close of its first fund. Supporting Guernsey-based businesses and emerging fund managers is an important part of our heritage, and this transaction highlights the strength of Guernsey’s investment funds industry. We look forward to continuing our partnership with Ormer Capital as the business grows.”

Adam Cox, Co-founder and Executive Director of Ormer Capital, said:

“It was a pleasure working with the team at IQ-EQ to bring our inaugural fund, Ormer Equity Partners, to market. Their expertise and ongoing support were instrumental throughout the launch process and have provided a strong operational foundation as we continue to grow the fund and build relationships with long-term, like-minded investors who share our patient approach to compounding capital.

“The name Ormer comes from a Channel Islands tradition: a low-tide harvest of prized shellfish, governed by strict rules, undertaken patiently, and rewarding only those who know exactly what they’re looking for. It’s a fitting metaphor for how we invest, and we’re thankful to IQ-EQ for helping us bring this vision to life.”