The top ranked investment funds team at Gowling WLG advised existing clients Tufton Oceanic Assets Limited ("Tufton Oceanic") on its issue of C Shares that raised $78.4 million. The C Shares will be admitted to trading on the Specialist Fund Segment of the main market. The C Shares were placed with investors by Nplus1 Singer Advisory LLP and Hudnall Capital LLP.

Gowling WLG acted for Tufton Oceanic on its initial listing on the Specialist Fund Segment of the main market for listed securities in February 2017 which raised $91 million. Tufton Oceanic is a Guernsey incorporated investment fund which invests in a diversified portfolio of a commercial shipping vessels utilising a variety of employment charter strategies. Its assets are managed by Tufton Oceanic Ltd.

The prospectus published in connection with the C Share issue also incorporates a placing programme of 200 million ordinary shares and/or C Shares.

The Gowling WLG team was led by associate Emily Troubridge who was assisted by partner Nick Heather and associate Emily Airton. Emily Troubridge commented: "It was a pleasure to further assist Tufton to grow an innovative investment fund investing in an interesting alternative asset class."

Gowling WLG's leading investment funds team (Tier 1 Legal 500) has a strong reputation in terms of closed end listed funds, advising issuers, investment houses and the banks and brokers that advise them. It brings together experts in tax, corporate, finance, regulatory and dispute resolution to provide a full legal service to its clients.

Nplus 1 Singer Advisory LLP and Hudnall Capital LLP were advised by Norton Rose Fulbright.