The investment funds team at Lawrence Graham LLP has advised new client Chenavari Capital Solutions Limited on its admission to trading on the Specialist Fund Market and listing on the CISX raising £130.3 million by way of a placing and limited U.S. subscription offer.

Chenavari Capital Solutions is a new closed-ended investment fund which will undertake "Capital Solutions" transactions with European banks seeking to earn an attractive rate of return with exposure to well defined credit risk whilst contributing to reduce the risk weighted assets of these banks.

The fund's investment adviser is Chenavari Investment Managers. Chenavari Investment Managers is a specialist asset manager focusing on all aspects of credit and structured finance, with a focus on European markets. As of 1 October 2013, Chenavari has over US$4.1 billion of assets under management for institutional and alternative investors globally.

The Lawrence Graham team advising Chenavari Capital Solutions was led by corporate partner John Reed with assistance from senior corporate associate Kristian Rogers and corporate associate Sam Lester.

John Reed said: "We are extremely pleased to have advised Chenavari Capital Solutions on its admission to the SFM and CISX. This is an innovative product designed to give investors exposure to a specialist asset class the market for which is forecast to grow following the implementation of the Basle III capital standards. This fund raising is an excellent result and is testament to Chenavari Investment Manager's reputation and track record."

The financial adviser and sole bookrunner to Chenavari Capital Solutions is Dexion Capital plc which was advised by Olswang. Guernsey legal advice was provide Mourant Ozannes. The fund's US legal advisers were Reed Smith.