Guernsey Three Routes To PIF Establishment

View the PDF version of our guide to the three routes to PIF establishment here.

There are now three routes to establishing a Private Investment Fund (PIF) in Guernsey. This summary sets out the key features of the new requirements under The Private Investment Fund Rules and Guidance 2021.

Route 1 - Licensed Manager PIF

Route 2 - Qualifying Private Investor PIF

Route 3 - Family Relationship PIF

Summary of 'Route One' – POI Licensed Manager

The Guernsey Financial Services Commission (the Commission) noted in a consultation paper that the current framework works well for certain providers and clients, and should continue to be available. Therefore, the option to register a PIF in exactly the same way as one does today will remain under the proposed regime. There will be no change to the applicable rules at the time of application and a PIF must appoint a licensee as manager to manage the scheme. For a PIF structured as a typical GP/LP arrangement,