Guernsey Continues To Lead In Private Equity

The latest developments within Guernsey's funds industry show that the Island continues to be a leading jurisdiction for private equity, according to Peter Niven, Chief Executive of Guernsey Finance.

New figures show that in the second quarter of the year the value of private equity funds in the Island grew by nearly £1bn (2.5%) to reach £36.2bn. This is despite the difficult market conditions that have seen amounts raised by private equity funds across Europe fall by some 10% this year.

It has also been announced that the management of Guernsey-based IPES – backed by private equity firm RJD Partners – is buying out the provider of dedicated private equity administration services for in excess of £20m.