Written by
Henry Freeman
Guernsey Finance
Guernsey's Private Investment Fund (PIF) regime
was originally introduced at the end of 2016 as a simple and
cost-efficient route to market for managers with close
relationships to smaller numbers of sophisticated investors. They
have increased in popularity each year since and at the end of last
year more than £14bn was invested in Guernsey PIFs. In this
article, Henry Freeman, Strategic Adviser to We Are Guernsey and a
non-executive director to investment funds, looks at what they are,
how they are used and recent rule changes which have increased
their popularity further.
A key element of the PIF's popularity is down to the
flexible approach to structuring in addition to the lighter
regulatory touch. For example, Private Investment Funds can be
established as a traditional limited company or limited partnership
fund, unit trust or in a cell company format (protected cell
company or incorporated cell company) and they
