Aztec Group, the C.I.-based administrator, has supported UK-based Synthesis Capital LLP with the fundraising activities and final close of its first fund, Synthesis Capital Fund I. Aztec supported the establishment and investor onboarding of the fund and will continue to provide ongoing administration and accounting services from its Guernsey office.
Raising over USD300m, the fund is reported to be the world’s largest dedicated food technology venture capital fund. It will focus on investing in pioneering businesses bringing high-potential technology solutions to global food challenges, including meat and protein alternatives. The fund has been established as a Guernsey Green Fund, which is specifically designed as a vehicle through which investments into green initiatives are made.