The total value of private equity business in the international
finance centre of Guernsey has surpassed £100 billion for the
first time.
Figures from the Guernsey Financial Services Commission show
that the net asset value of private equity funds under management
and administration in the island grew by £25 billion over the
course of 2016 to stand at £110.3 billion at the end of
December.
Substantial launches during the course of last year by big
ticket private equity promoters including Permira, Apax Partners,
Cinven, Macquarie, Partners Group and Inflexion all contributed to
the record-breaking high.
Guernsey Finance Chief Executive Dominic Wheatley said:
"There has been a consistent undercurrent of fundraising on
top of which we have seen a number of showstopper launches. This
type of activity continues to underline the fact that Guernsey is
an attractive destination for private equity funds due to our
first-class financial services infrastructure."
