2024 continues to be a year of uncertainty, opportunity and
change in the global private wealth and funds sectors. Current
industry challenges include fund raising and exit issues, and in
the listed space, liquidity and size issues.
I recently attended the BVCA conference, the Guernsey Funds
Forum and the Guernsey Roundtable Dinner where continuation funds
and secondary solutions were discussed and it would appear that
private equity professionals, including fund managers and lawyers,
are enhancing their secondaries teams.
In the listed space, following a Guernsey roadshow visiting
lawyers specialising in listed vehicles, it was clear that Guernsey
continues to be a favoured domicile with the experience and
expertise in listed vehicles. However, structural issues in the
market – namely liquidity, fund raising, fund sizes and
reduced diversity of investors following wealth manager mergers,
continue to impact the listed market.
