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Jersey Notches Up 100th Private Funds In Under A Year

by Amanda Banks, Lowtax.net, London
06 March, 2018

The Jersey Financial Services Commission has reported a strong uptake in the Jersey Private Fund product, with 100 funds being formed less than one year since the structure was launched.

The JPF was introduced to provide institutional and professional investors with a more streamlined and fast-track regime, with tailored ongoing regulatory requirements, under which funds for up to 50 investors can be established in as little as 48 hours. The JPF is also available to managers seeking certainty in marketing their funds into Europe through National Private Placement Regimes.

The Commission says the JPF has markedly improved the speed and ease with which funds marketed to professional investors can be established, whilst at the same time ensuring continued compliance with international standards by requiring the appointment of a Jersey-based administrator.

Commenting on the 100th JPF registration, John Harris, Director General of the Commission, said: "In less than a year, the JPF has really come to the fore as the go-to product for alternative fund structuring, right across the private equity, real estate, infrastructure, and debt and credit fund asset classes. It's particularly pleasing that the vast majority of JPFs are brand new funds – indeed, some of the largest funds brought to market globally this year have been structured as JPFs. It's a really positive indication as to the future health of our funds industry, and we fully expect this upward trajectory to continue."

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