Private Funds - The New Channel Islands Approach

In the last twelve months, both Jersey and Guernsey have launched new "private fund" regimes, which are designed to enhance speed to market and to offer an alternative to the more regulated products which may not be necessary or appropriate at the time of launch.

Jersey Private Funds

Launched in April 2017, the regime amalgamates and replaces three other products aimed at the private fund market, thereby simplify and streamlining Jersey's offering in this area. Based on industry feedback and an analysis of competitor products in other jurisdictions, the regime represents a welcome development in the product range offered by Jersey and recognises the need for regulatory flexibility for private funds targeted at investors at a professional level of sophistication. The regime is likely to be of considerable interest to the private equity and real estate funds markets.